Fundraising Fox

AM Batteries

Massachusetts, US · Founded 2021 · Delaware corporation · 5 known investors

AM Batteries develops Powder to Electrode dry coating technology for lithium-ion electrode manufacturing, reducing solvent use and energy consumption compared to traditional slurry methods. The technology targets battery manufacturers seeking to lower capital and operating costs while improving production efficiency.

Advanced ManufacturingCleantechEnergy

Founders & leadership

YWYan Wang
Yan WanginNamed on SEC filing

Board

AAAnil Achyuta
Anil AchyutainBoard directorInvestment Managing Director at TDK Ventures
JKJimmy Kan
Jimmy Kanin𝕏Board directorPartner at Anzu Partners
LCLisa Coca
Lisa Cocain𝕏Board directorPartner, Climate Fund at Asymmetric Capital Partners
LSLie Shi
Lie ShiinBoard director

Investors · 5

Anzu PartnersBillerica
Creative VenturesSan Francisco Bay Area · $1M
Foothill VenturesLos Altos · $100K – $10M
TDK VenturesreportedSan Jose · $5M
Toyota Venturesreported · 3 sourcesLos Altos

Reported raises · per SEC filings

Form D private placements

$73.8M disclosed across 4 rounds · 2021–2023

▶$44MraisedDec 2024 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anil AchyutaDirector
  • Lie ShiDirector
  • Jimmy KanDirector
  • Lisa CocaDirector
  • Yan WangDirector
Offering amount
$44M
Amount sold
$44M
Minimum investment
$140K
First sale
Oct 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$25MraisedOct 2022 · 11 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ani AchyutaDirector
  • Heng PanDirector
  • Yan WangDirector
Offering amount
$25M
Amount sold
$25M
Minimum investment
$1M
First sale
Oct 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedJan 2022 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yan WangDirector
Offering amount
$2M
Amount sold
$2M
Minimum investment
$250
First sale
Dec 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.8MraisedOct 2021 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yan WangDirector
Offering amount
$3.5M
Amount sold
$2.8M
Minimum investment
$250
First sale
Sep 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Startup AM Batteries Raises $30 Million for Green EV Battery Technology - ESG Todayesgtoday.com · Dec 2023AM Batteries Closes $30M Series B led by Toyota Ventures to Accelerate the Commercialization of its Dry Battery Electrode Technology - Anzu Partners | Breakthrough Industrial and Life Sciences Technologiesanzupartners.com · Dec 2023AM Batteries Raises $25M in Series A Financingfinsmes.com · Oct 2022AM Batteries raises $25M in Series A funding led by Anzu Partnersaxios.com · Oct 2022TDK Ventures Invests in Seed Round for Dry Lithium-ion Electrode Manufacturing Startup, AM Batteries | TDK Venturestdk-ventures.com · Sep 2021

Frequently asked questions

What does AM Batteries do?
AM Batteries develops Powder to Electrode dry coating technology for lithium-ion electrode manufacturing, reducing solvent use and energy consumption compared to traditional slurry methods. The technology targets battery manufacturers seeking to lower capital and operating costs while improving production efficiency.
Who are AM Batteries's investors?
AM Batteries's investors include Anzu Partners, Creative Ventures, Foothill Ventures, TDK Ventures, Toyota Ventures.
How much funding has AM Batteries raised?
AM Batteries has disclosed $73.8M raised across 4 rounds.
Where is AM Batteries headquartered?
AM Batteries is headquartered in Massachusetts, US.