AM Batteries (Series B)

Founding Year: Not specified in the memo
Traction: The company has strong commercial traction from tier-one battery producers.
Organizations Involved: Not specified in the memo
Founders: Lie Shi
Company Description: AM Batteries, headquartered in Chelmsford, MA, focuses on higher throughput dry-electrode manufacturing for lithium-ion batteries. Compared to the conventional slurry-casting approach, AM Batteries’ technology completely eliminates solvent recovery and electrode drying, which can reduce the energy consumption of a battery plant by more than 40% and save up to 40% in capital expenditures in electrode manufacturing, while reducing the plant’s carbon footprint by nearly 40%. Beyond this, AM Batteries’ technology paves the way for higher energy density, faster charging, and lower-cost lithium-ion batteries. AM Batteries’ future-proof manufacturing technology can be leveraged for multiple types of battery-electrode fabrication.
Market: Electric Vehicles (EVs)
Location: Chelmsford, MA, US
Coinvestors: Porsche Ventures, Asahi Kasei, RA Capital Management - Planetary Health, Wilson Sonsini, Industry Ventures, Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, Zeon Ventures