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
How much has AM Batteries raised?
$73.8Macross 5 recorded rounds · Sep 2021 – Dec 2024

Most recently, AM Batteries raised $44.0M in its Later Stage VC (Series B) (Dec 2024).

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AM Batteries round by round

5 rounds
Dec 2024Later Stage VC (Series B)$44.0M▮
+ 1 more investors · free account
Oct 2023Early Stage VC$44.0MSEC filing▮
18 investors participated
Oct 2022Early Stage VC$25.0MSEC filing▮
11 investors participated
Dec 2021Seed Round$2.0MSEC filing▮
4 investors participated
Sep 2021Seed Round$2.8MSEC filing▮
6 investors participated

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.

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Frequently asked about AM Batteries

How much has AM Batteries raised?
AM Batteries has raised $73.8M in total across 5 recorded funding rounds.
When was AM Batteries's last funding round?
AM Batteries's most recent recorded round was Later Stage VC (Series B) in Dec 2024, raising $44.0M.