AM Batteries
Energy & Utilities · Energy Storage
$57.8Mtotal raised · 6 rounds on record
$30Mlatest round · Series B · Dec 2023 · 2 yr ago
2backers · RA Capital Management, Toyota Ventures
$531kgrants · 3 grants · CORDIS
Overview
AM Batteries has eliminated solvents from lithium-ion battery manufacturing, delivering dry battery electrodes with superior performance at a fraction of the cost—built for today and tomorrow.
Key facts
These are the key facts about AM Batteries on Alion as of Nov 13, 2026. AM Batteries is headquartered in Billerica, United States. It was founded in 2020. It has raised $57.8M in 3 funding rounds. The latest round is Series B of $30M, announced in 2023.
- Headquarters
- Billerica, United StatesAlion company profile, updated Oct 17, 2026
- Founded
- 2020Alion company profile, updated Oct 17, 2026
- Employees
- 50+Alion company profile, an estimated range
- Total raised
- $57.8MSum of 3 equity rounds Alion knows
- Latest round
- Series B · $30M · Dec 4, 2023Press report · fox4kc.com
- Visa sponsorship, United States
- 4 ▲ 300% · H-1B filings in 12 monthsUS Department of Labor · latest filing Jun 12, 2026
Funding and backers
Total raised
$57.8M
6 rounds on record
Latest round
$30M
Series B · Dec 2023 · 2 yr ago
Team
51-200
employees, estimated range
Grants
$531k
3 grants · CORDIS
Backers
2
RA Capital Management, Toyota Ventures
The money's age
Long since its last round
35 months since the last round · not hiring
Momentum
15/100
in the news
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Feb 23
New executive AM Batteries Names Former Maxwell CEO Dr. Franz Fink Chief Commercial Officer to Lead Dry Battery Electrode (DBE) 2.0 Commercialization · YahooFinance
Mar 18, 2025
Partnership AM Batteries and TDK Corporation Partner to Advance Energy-Efficient Battery Manufacturing · businesswire.com
Jan 14, 2025
Won a grant $75k · CORDIS
Dec 17, 2024
Board appointment Lisa Coca, Director · SEC Form D
Jul 22, 2024
Won a grant $200k · CORDIS
Apr 15, 2024
Partnership AM Batteries and Tokyo-based Zeon Partner to Develop Dry Battery Electrode with Novel Binders · woodtv.com
Dec 4, 2023
Raised a round Series B $30M · led by Toyota Ventures
Nov 9, 2023
Board appointment Jimmy Kan, Director · SEC Form D
Oct 12, 2022
Board appointment Ani Achyuta, Director · SEC Form D
Oct 6, 2022
Raised a round Venture round $25M · SEC Form D
Feb 1, 2022
Won a grant $256k · CORDIS
Sep 20, 2021
Raised a round Venture round $2.8M · SEC Form D
2020
Founded
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Grant | Jan 2025 | $75k | — | CORDIS |
| Grant | Jul 2024 | $200k | — | CORDIS |
| Series B | Dec 2023 | $30M | Toyota Ventures lead | fox4kc.com |
| Venture round | Oct 2022 | $25M | — | SEC Form D |
| Grant | Feb 2022 | $256k | — | CORDIS |
| Venture round | Sep 2021 | $2.8M | — | SEC Form D |
Registers and programsofficial lists and records that name the company
| Legal entity | AM Batteries, Inc. | SEC Form D |
Backed byfrom the funds' portfolios and accelerator catalogs
Investors in similar startupsfunds that back the companies most like this one
Similar startupsby what they do, their industry and backers
SafeCoat DDS by Nuvola sprays a porous polymer separator directly onto electrodes for safer, scalable lithium-ion and next-gen battery…
We are pioneer and leader in European LFP lithium-ion battery manufacturing. Our purpose is to redefine energy storage by creating safe…
Nexeon is a world leader in engineered silicon materials for battery applications. Its Li-ion battery anode technology uses silicon instead…
NanoGraf leads in high-energy anode solutions for lithium-ion batteries, enhancing EV range, charging, and longevity. Discover our…
Discover UNIGRID’s sodium-ion battery technology that combines safety, performance, and sustainability. Our innovative batteries use…
SET THE STANDARD Composed of young and talented engineers, Standard Energy successfully created a Vanadium Ion Battery by taking a novel…
Visa sponsorship
4 ▲ 300%
H-1B filings in 12 months
2
Green card filings
$98k
Median offered salary
Who they sponsor
Materials engineers
2
Chemical engineers
1
Project management specialists
1
In the register as AM Batteries, Inc., Billerica, MA (+1 more)
Other sponsors in the same field
Lunar Energy 
Avantus 
Fractal EMS 
Heliogen
Alert me
US Department of Labor · latest filing Jun 12, 2026 · Visa details by country
People
Yan Wang
Director
Ani Achyuta
Director
Heng Pan
Director
Lie Shi
Director
Anil Achyuta
Director
Jimmy Kan
Director
Lisa Coca
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data
Connections
List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors
Toyota VenturesVia a fund
RA Capital ManagementVia a fund
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
Shared investors
News
AM Batteries Partnered on $50 Million U.S. Department of Energy Award to Scale Domestic Battery Manufacturing with Dry Coating Technology
AM Batteries, a leader in dry battery-electrode (DBE) manufacturing technology, announced today its role as a core subrecipient of a $50 million award from the U.S. Department of Energy
Read more
Report
AM Batteries Names Former Maxwell CEO Dr. Franz Fink Chief Commercial Officer to Lead Dry Battery Electrode (DBE) 2.0 Commercialization
AM Batteries (AMB), a pioneer in low-cost, dry-electrode manufacturing technology, today announced that Dr. Franz Fink has joined the company as Chief Commercial Officer.
Read more
Report
Report
AM Batteries and TDK Corporation Partner to Advance Energy-Efficient Battery Manufacturing
Read more
Report
AM Batteries and Tokyo-based Zeon Partner to Develop Dry Battery Electrode with Novel Binders
Read more
Report
AM Batteries: Lithium-Ion Dry-Electrode Company Raises $30 Million
AM Batteries - a pioneer in lithium-ion dry-electrode technologies - recently announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. This new investment combines strategic corporate support from Porsche Ventures and
Read more
Report
Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Billerica
United States
HQ
50-200 est. staff
How to cite this page
Alion, "AM Batteries: key facts", as of Nov 13, 2026. https://alion.io/company/am-batteries
These figures are published under a free licence. You may reuse them, including commercially, as long as you credit Alion and link back to this page. CC BY-SA 4.0