Professional Documents
Culture Documents
24M Technologies
About 24M
2 Confidential
Company Timeline
• 2010: company founded
– Yet-Ming Chiang, Throop Wilder,
W. Craig Carter
• 2014-2015: automated line
running
– 32,000 sq. ft. facility
– 50+ employees
– MoU with NEC Energy Solutions • IP Capture: 15 issued patents
– 75+ pending
• Funding Events: $50M in equity
• 2016: Series C
– 2010: Series A, $10M VC
– Funds through factory
– 2013: B-1, $10M VC, $15M completion
(strategics)
– 2014: B-2, $15M PTT
• DOE Grants: $4.5M to date
3 Confidential
24M Customers: Architects, Integrators of the Energy Future
Market 1: Grid Integrator Centralized
DC Rack (100’s MWh)
Inverter
Substation
5-20MWh
DC Module Commercial
0.1 – 1MWh
Residential &
Off-grid
1-20kWh
Cell
EV: 20-100kWh
4 Confidential 10/14/2015
Today’s Li-ion Shortcomings: Too Much Mass, Volume, Cost
Cell Design Challenges Manufacturing Challenge:
Complex, wet/dry/wet operations
14 separate
inactive material
layers in 1mm
cross section
Same scale
Novel semi-solid
electrode form
Materials design
6 Confidential 2/22/2016
24M Focus: Cell Products
Mixing
Coating &
Drying
Solvent Recovery
Slitting
Press/Calendar
Anode Mix
COTS Anode
Equipment Dispense Cell Stack Packaging Lowest $/channel
and COTS Formation
Cathode Mix Cathode Assembly Equipment COTS Components
COTS Dispense
Equipment
Costs shown for first line; costs driven down 30% with learning effects and repeatability
12 Confidential 10/14/2015
24M: In Conclusion
Product:
• Revolutionary Li-ion technology enabling thick electrodes
• Simple product design results in dramatically reducing the inactive
materials used in cells
Manufacturing:
• Simpler manufacturing processes with much lower capital investment
• Efficient manufacturing scalability allowing high manufacturing equipment
utilization