24M Technologies Secures $10,000,000 Series A Funding

  • Feed Type
  • Date
    8/16/2010
  • Company Name
    24M Technologies
  • Mailing Address
    Undisclosed Boston, MA 02109
  • Company Description
    24M will commercialize a novel technology that originated with A123 and was further developed at MIT. This technological advance combines attributes of rechargeable batteries, fuel cells, and flow batteries to enable scalable cost-effective, high-energy storage systems for emerging markets, including transportation and the electric grid.
  • Website
    Undisclosed
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes will be used to target high energy density applications at radically lower cost than previously attainable.
  • M&A Terms
  • Venture Investor
    Charles River Ventures
  • Venture Investor
    North Bridge Venture Partners