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

Who backs AM Batteries?

17 investors
InvestorType
US National Science FoundationOther
RA Capital ManagementAsset manager
MassVenturesOther
Foothill VenturesVenture capital
Toyota VenturesVenture capital
Wilson Sonsini Goodrich & RosatiOther
TDK VenturesVenture capital
SAIC CapitalVenture capital
Creative VenturesVenture capital
Anzu Partners—
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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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