# AM Batteries funding: rounds and investors

> AM Batteries has raised $2.2M across 1 round since 2024. Investors include National Science Foundation, RA Capital Management and Industry Ventures.

Source: https://millionrounds.com/company/am-batteries (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *AM Batteries*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Hardware & Electronics

Funding summary Updated 26 Oct 2026

**$2.2M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $2.2M Jul 2024
- **Investors:** 5

See who backed them

## The rounds

- **Jul 2024** Grant **$2.2M** [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Toyota Ventures](https://millionrounds.com/fund/toyota-ventures) [TDK Ventures](https://millionrounds.com/fund/tdk-ventures) Source recorded

## Founders and team

From AM Batteries's own website: 1 founder, 9 on the team.

**Yan Wang** Co-founder & President

- **Lie Shi** CEO
- **Franz Fink** Chief Commercial Officer
- **Hieu Duong** Chief Technology Officer - CTO
- **Rich Lee** CFO
- **Brandon Ludwig** Director of Research and Development
- **Chris Mohajer** Director of Business Development
- **Katherine Mackland Rivera** Sr Director of Human Resources
- **Molly Douglas** Director of Government Affairs
- **Omri Flaisher** Director of Engineering & Product

Advisers *Heng Pan*

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round

[Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **1** round

[Toyota Ventures](https://millionrounds.com/fund/toyota-ventures) VC firm **1** round

[TDK Ventures](https://millionrounds.com/fund/tdk-ventures) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=am-batteries).

## Also claim to have backed them

These 3 firms list AM Batteries as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Foothill Ventures](https://millionrounds.com/fund/foothill-ventures) VC firm Per its own site

[SAIC Venture Capital](https://millionrounds.com/fund/saic-capital) Corporate VC Per its own site

[Porsche Ventures](https://millionrounds.com/fund/porsche-ventures) Corporate VC Per its own site

## Quick answers about AM Batteries

### Who invested in AM Batteries?

AM Batteries's investors include National Science Foundation, RA Capital Management, Industry Ventures, Toyota Ventures and TDK Ventures.

### How much has AM Batteries raised?

AM Batteries has raised $2.2M across 1 round since 2024.

### When did AM Batteries last raise?

AM Batteries's most recent round was a Grant of $2.2M in Jul 2024.

### What was AM Batteries's biggest round?

Its most recent round, $2.2M in Jul 2024, is also its largest on record.

### Who backed AM Batteries first?

AM Batteries's first round on record, in Jul 2024, was backed by National Science Foundation, RA Capital Management and Industry Ventures and 2 others.

### What stage is AM Batteries at?

AM Batteries's latest named round is a Grant, in Jul 2024.

### Where is AM Batteries based?

AM Batteries is based in the United States.

## Companies like AM Batteries

In the same sector, and raised in the last eighteen months.

[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)[**Tenstorrent** $3.0B · Oct 2026](https://millionrounds.com/company/tenstorrent)[**Sabi** $50M · Oct 2026](https://millionrounds.com/company/sabi)[**Ringon** $70K · Oct 2026](https://millionrounds.com/company/ringon)[**Relay** $207M · Oct 2026](https://millionrounds.com/company/relay)[**SiMa.ai** $235M · Sept 2026](https://millionrounds.com/company/sima-ai)

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