AM Batteries

Based in Billerica, US, AM Batteries, Inc. specializes in advanced lithium-ion battery technology, focusing on energy-efficient manufacturing solutions for the electric vehicle industry. AM Batteries, Inc. was founded in 2021 in Billerica, US, and is dedicated to developing innovative battery technologies.

The company has completed 6 deals, with a notable Series B funding round on December 17, 2024, raising USD 17. 07 mn from Shibaura Machine CO. , LTD. The current company valuation stands at USD 185.

16 mn. The CEO, Lie Shi, leads the firm, which has not undergone any significant changes in its strategic direction since inception. AM Batteries specializes in advanced lithium-ion dry-electrode technology, with its flagship offering being the Powder to Electrode™ dry coating method. This innovative process streamlines electrode manufacturing by eliminating the drying and solvent recovery stages, resulting in a more energy-efficient production cycle.

The company's technology aims to address critical challenges in battery production, such as high energy consumption and environmental impact, and is primarily targeted at the electric vehicle (EV) industry. AM Batteries serves an array of customers, including major battery cell suppliers and manufacturers in North America and Asia, who are focused on enhancing the sustainability and affordability of electric vehicle batteries. The geographical markets for their products extend into the United States, Japan, and other key areas in the Asia-Pacific region, where there is a robust demand for cutting-edge battery solutions. AM Batteries engages in B2B transactions primarily with large battery manufacturers and automotive companies, which utilize its patented dry battery electrode technology in their production processes.

The company's revenue structure is built on direct partnerships and collaborations, positioning it to work closely with industry leaders to integrate its solutions into their manufacturing lines. Revenue is generated through contractual agreements that encompass equipment sales and potential licensing of their proprietary technology. AM Batteries has secured substantial funding, including a USD 17. 07 mn Series B round led by Shibaura Machine CO.

, LTD. , which reflects confidence in its revenue potential as companies increasingly prioritize sustainable solutions in energy storage and electric vehicle production. In December 2024, AM Batteries, Inc. raised USD 17.

07 mn in Series B funding, which will be utilized to continue the development of its electrode manufacturing technology. The company plans to enhance its product offerings further while expanding into new geographic markets, particularly targeting increased demand in Asia-Pacific regions. Through strategic investments and innovations, AM Batteries aims to reinforce its market position and support the advancing needs of the electric vehicle industry.