24M Technologies Secures $10,000,000 Series A Funding
- Feed Type
- 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
- 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
