24M Technologies, Inc. 24M (Massachusetts, USA) develops semi-solid battery technology, aiming to disrupt lithium-ion production with lower-cost, simpler manufacturing. Its licensed business model targets electric vehicle (EV) and grid storage markets, partnering with firms like Kyocera and Volkswagen. Advantages include reduced material use, higher energy density, and compatibility with existing facilities. Backed by US$100M+ funding (including from Japan's GPSC), it leverages MIT-derived IP. Challenges include scaling production and competing with entrenched lithium-ion giants (CATL, Panasonic). Positioned as a cost-innovation leader, 24M's semi-solid approach bridges traditional and next-generation solid-state technology but faces execution risks in a capital-intensive industry. 24M Technologies, Inc.

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