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AM Batteries
Battery manufacturing with its dry-electrode technology
About AM Batteries
AM Batteries is a pioneering startup that specializes in the production of lithium-ion batteries using a unique dry-electrode technology. The company's innovative 'powder to electrode' method eliminates the drying and solvent recovery steps typically involved in battery production, resulting in a more energy-efficient manufacturing process. This process not only reduces the cost and time of making battery-grade electrodes but also significantly decreases the spatial footprint, requiring 5x less space than traditional methods.
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The company's technology has the potential to reduce energy usage and CO2 emissions by up to 40%, making it a more environmentally friendly alternative to conventional battery production methods. This aligns with the growing global emphasis on sustainability and carbon neutrality, positioning AM Batteries as a key player in the green energy sector.
AM Batteries recently secured $30M in Series B funding led by Toyota Ventures, which will be used to accelerate the commercialization of its dry battery electrode technology. The company has also recently appointed industry veterans from Celgard and Tesla to its executive team, signaling its intent to mass produce low CO2 footprint Li-ion EV batteries and drive the commercialization of its dry powder coating technology.
The company's business model is centered around the production and sale of its innovative batteries to clients in the electric vehicle (EV) industry, among others. By offering a more cost-effective and environmentally friendly solution, AM Batteries is well-positioned to capitalize on the growing demand for sustainable energy solutions.
At a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Billerica, United States
- Employees
- 64
- Open positions
- None listed
- Dealroom signal
- 78.9/100
- Sub-industry
- Energy Storage
- Sector
- Transportation, Lithium-Ion Batteries, Battery, Spinout, Sustainable Development Goals, EV Battery Production, EV Battery, Climate Tech, Electric Mobility, EV Battery Manufacturing Tech
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Dec 2024 | $0 | — | Shibaura Machine | ↗ |
| GRANTOther financing | Jul 2024 | $2.3M | — | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for AM Batteries is 490 monthly website visits, up 880% over the last three months. AM Batteries's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Foothill Ventures
TDK Ventures
Series A10 investors entered at this stage
Anzu Partners
Toyota Ventures
Creative Ventures
SAIC Capital
Doral Energy-Tech Ventures
Zeon
VinFast
Industry Ventures
RA Capital Management
Porsche Ventures
Series B and later1 investor entered at this stage
Shibaura Machine
Other known investors1 additional known investor
Worcester Polytechnic Institute
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about AM Batteries on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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