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Fujifilm invests USD 20 million in 24M SemiSolid manufacturing platform
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Sep 14, 2022
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Alternative Energy

Alternative Energy

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Sep 14, 2022

Fujifilm invests USD 20 million in 24M SemiSolid manufacturing platform

Partnerships

  • 24M Technologies, a semi-solid lithium-ion battery developer, licensed its SemiSolid manufacturing platform to Fujifilm Corporation. The latter will also invest USD 20 million in 24M, building on the USD 5 million it invested in 2020, to validate the company’s technology.

  • The 24M SemiSolid manufacturing platform combined with the precision coating and production technologies of Fujifilm to establish the core technology to mass produce large-area SemiSolid batteries with high energy density. Fujifilm will qualify the mass production of these batteries and further enhance the SemiSolid manufacturing platform.

  • Analyst QuickTake: 24M licensed this technology to multiple manufacturing partners, including Volkswagen, which holds a 25% stake in the company and has a strategic partnership to produce SemiSolid battery cells for Volkswagen’s EVs. Further, 24M recently received USD 9 million in funding from the US Department of Energy to develop high-energy-density lithium metal anode cells for electric aviation.

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