TOKYO -- Japan's Fujifilm Holdings will invest an additional $20 million into 24M Technologies, a U.S. developer of next-generation "semisolid" lithium-ion batteries.
Fujifilm said Wednesday it will make the investment in exchange for convertible promissory notes. The Massachusetts-based company raised $5 million from Fujifilm in 2020. Other backers of 24M include Volkswagen and Japanese trading house Itochu, currently the top shareholder.
