AM Batteries
The Standard Is Shifting
Billerica, United States · Founded 2020 · $152.3M raised
- Headquarters
- Billerica, Massachusetts
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2B
- Website
- am-batteries.com
- Total Funding
- $152.3M
- Last Round
- $50.0M GrantAug 2026
- Rounds
- 6
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 6 funding rounds and 10 investors for this company. The full record is or through the API.
About
AM Batteries is a clean energy technology company that has eliminated solvents from lithium-ion battery manufacturing through its proprietary Powder-to-Electrode dry coating process. Founded in 2020 by Dr. Yan Wang and Dr. Heng Pan in Massachusetts, the company's technology delivers superior electrochemical performance at a fraction of the capital and operating cost of traditional wet-coating processes. The dry electrode approach is compatible with LFP, NMC, NCA, graphite, silicon, and solid-state battery chemistries, and can reduce factory energy consumption and CapEx by up to 30-50%. AM Batteries is headquartered in Billerica, Massachusetts.
Summary
AM Batteries is a Climate Tech company based in Billerica, United States, founded in 2020. It has raised $152.3M in total across 6 rounds, most recently a $50.0M Grant round in Aug 2026. Investors include TDK Ventures, Anzu Partners and Foothill Ventures.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Aug 2026
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Funding: Seed through Grant. Amounts, valuations, and investors where available.
Investors
TDK Ventures
3 rounds
Anzu Partners
2 rounds
Foothill Ventures
2 rounds
U.S. Department of Energy Loan Programs Office
1 round
Toyota Ventures
1 round
Porsche Ventures
1 round
RA Capital Management
1 round
Creative Ventures
1 round
Doral Energy-Tech Ventures
1 round
Asahi Kasei Corporate Venture Capital
1 round
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