24M Selected to Receive $3.2M in Federal Funding to Develop More Efficient Electric Vehicle Batteries
24M announced today that it has been selected to receive $3.2 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E).
- 24M announced today that it has been selected to receive $3.2 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E).
- The funding is part of the ARPA-E Electric Vehicles for American Low-Carbon Living (EVs4ALL) program, which seeks to develop more affordable, convenient, efficient and resilient electric vehicle (EV) batteries.
- “We are pleased to be chosen for this initiative and help strengthen the domestic supply chain for advanced batteries that power electric vehicles,” said Naoki Ota, president and CEO of 24M.
- “This funding will help us develop, manufacture and deliver these batteries at scale.”
The ultra-thick SemiSolid electrode architecture has been commercially demonstrated with exceptionally high energy density using lithium-ion chemistry.