A consortium including Itochu, Fujifilm, Kyocera and Global Power Synergy have backed the lithium-ion battery manufacturer through its series E round.
US-based battery technology developer 24M has picked up $56.8m in a series E round backed by diversified trading group Itochu, conglomerate Fujifilm, ceramics and electronic component producer Kyocera and energy utility Global Power Synergy.
Itochu led the round with participation from Sparx Group’s Mirai Creation Fund II and venture capital firm North Bridge Venture Partners.
As part of the deal, Hiroaki Murase, general manager of the sustainable energy business at Itochu, has joined 24M’s board of directors.
Founded in 2010,…
