LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

24M, spun out of an MIT laboratory, claims its latest semi-solid battery ‘breakthrough’, Dual Electrolyte technology, heralds a new era to come for advanced lithium batteries. Andy Colthorpe spoke to some of the company’s leadership team to find out more.

24M, a start-up angling to disrupt the already-disruptive lithium-ion battery industry with the design and production of semi-solid lithium cells, has raised US$21.8 million in a Series D funding round.

A new solid state electrolyte for lithium batteries developed by Panasonic and nano-electronics and digital tech innovation hub imec has achieved “exceptionally high” ionic conductivity at room temperature.