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AM Batteries

Electrical Equipment · Billerica, MA · Founded 2016 · Privately Held (backing)

Manufacturer of lithium batteries intended to eliminate problems caused by solvents in the electrode manufacturing process. AM Batteries is based in Billerica, MA and was founded in 2016. It was valued at $185 million at its later-stage round in Dec 2024, the last priced event on record. It has raised $73.8 million across 5 recorded rounds; the latest was a $44 million Series B in Dec 2024.

PMV mark · valuation
$184.5M
Oct 2026
Priced at
its later-stage round
Dec 2024
Total raised
$73.8M
Last round
Later Stage VC (Series B)
Dec 2024

AM Batteries key facts

as of Oct 2026
  • Manufacturer of lithium batteries intended to eliminate problems caused by solvents in the electrode manufacturing process.
  • AM Batteries is valued at approximately $184.5M as of Oct 2026, set at its later-stage round, Dec 2024; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $73.8M across 5 recorded rounds; the latest was Later Stage VC (Series B) ($44.0M) in Dec 2024.
  • Notable investors include US National Science Foundation, RA Capital Management, MassVentures, Foothill Ventures, Toyota Ventures — 17 tracked in total.
  • AM Batteries has filed 5 Form Ds with the SEC since 2021, most recently Dec 2024 ($44.0M sold to 18 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$184.5M

Valued at $184.5M at its later-stage round, Dec 2024. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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AM Batteries funding rounds

5 rounds
Dec 2024Later Stage VC (Series B)$44.0M▮
Oct 2023Early Stage VC$44.0MSEC filing▮
Oct 2022Early Stage VC$25.0MSEC filing▮
Dec 2021Seed Round$2.0MSEC filing▮
Sep 2021Seed Round$2.8MSEC filing▮
Full funding history →

AM Batteries valuation

AM Batteries was valued at $185 million at its later-stage round in Dec 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has AM Batteries raised?

AM Batteries has raised $73.8 million across 5 recorded rounds since 2021. The largest was a $44 million early-stage round in Oct 2023; the most recent was a $44 million Series B in Dec 2024.

AM Batteries has filed 5 Form Ds with the SEC since 2021, most recently in Dec 2024 ($44 million sold to 18 investors).

AM Batteries investors

17 investors are on record for AM Batteries, including US National Science Foundation, RA Capital Management, MassVentures and Foothill Ventures. By type, the record holds 5 venture capital firms and 1 asset manager. The Series B in Dec 2024 drew 10 investors.

About AM Batteries

Manufacturer of lithium batteries intended to eliminate problems caused by solvents in the electrode manufacturing process. The company develops solvent-free dry electrode technology for lithium-ion batteries that removes the need for solvent recovery and electrode drying, enabling users to reduce energy consumption and production costs in battery manufacturing.

Industry
Electrical Equipment
Sector
Business Products and Services (B2B)
HQ
Billerica, MA, United States
Founded
2016
Employees
27
Ownership
Privately Held (backing)

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