24M Technologies Secures $10,000,000 Series A Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=36592bc1-e33a-4820-944e-704df85450c7&Preview=1 -
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
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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
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Venture Investor
Charles River Ventures -
Venture Investor
North Bridge Venture Partners
