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Fujifilm invests USD 20 million in 24M SemiSolid manufacturing platform

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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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