Companies · Energy / Climate

AM Batteries, Inc.

BILLERICA · Energy / Climate · refined from filed group “Other Technology

Diligence memoA one-page analyst read on AM Batteries, Inc. — recommendation, valuation, rhythm, risks.
$73.8M
Total raised · real
4
Rounds
0.6×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Thu Oct 26 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

AM Batteries, Inc. has raised $74M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Energy / Climate

AM Batteries, Inc. is one of 235 Energy / Climate companies tracked from BILLERICA. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2023-10-26
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeed · 2021-09-20 Raised $2.8M (real) Modeled valuation $28M (est)$2.8M$28MSeed2021Seed · 2021-12-15 Raised $2.0M (real) Modeled valuation $18M (est)$2.0M$18MSeed2021Series B · 2022-10-06 Raised $25M (real) Modeled valuation $205M (est)$25M$205MSeries B2022Series C · 2023-10-26 Raised $44M (real) Modeled valuation $344M (est)$44M$344MSeries C2023Series B · 2023-10-26 Raised $27M (real) Modeled valuation $174M (est)$27M$174MSeries B2023+$2.0M+$25M+$44M+$27MCumulative $101M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.8M · 2021
Seed extension$2.0M · 2021
Series B$25.0M · 2022no Series A on file
Series C$44.0M · 2023
Bridge · Series C-stage$26.9M · 2023smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$343.7M
Base estimate est.
$158.3M
Conservative case
$573.8M
Upside case
$293.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $27.6M · 2021-09-202021Seed · modeled $18.4M · 2021-12-15Series B · modeled $204.9M · 2022-10-06Series C · modeled $343.7M · 2023-10-26Series B · modeled $173.9M · 2023-10-262023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
54% low · 84% high
1.20×/yr
Annual markup
1.37×/yr upside case
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$35.2M/yr
Capital velocity
4.8 yr
On record since
2021
First round
5
Rounds on file
How it compares to the market

Benchmarked against 235 companies in Energy / Climate. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 15× above median
This company$73.8M
Sector median$5.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.5× of median
This company$26.9M
Sector median$58.9M
Modeled value — vs sector median (estimate, all stages) 18× above median
This company$343.7M
Sector median$19.0M

Raised more than 96% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
LevelTen Energy, Inc.Series C$137.3M$422.3M1.10×
AM Batteries, Inc. this companySeries C$73.8M$343.7M0.90×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.8M2021-09-20$13.8M$27.6M90%
Seed$2.0M2021-12-15$10.0M$18.4M90%
Series B$25.0M2022-10-06$138.9M$204.9M90%
Series C$44.0M2023-10-26$293.4M$343.7M90%
Series B$26.9M2023-10-26$149.7M$173.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.8M2021-09-20
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Seed$2.0M2021-12-15
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series B$25.0M2022-10-06
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 12.5× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series C$44.0M2023-10-26
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 18 investors on this round.
  5. Series B$26.9M2023-10-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 15 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~6mo cadence
$26.9M
Modeled next size est.range $26.9M$43.1M
0.6×
Last step-up
$35.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Anil Achyuta1 other2023-10
Jimmy Kan1 other2023-10
Lisa Coca1 other2023-10
Yan Wang1 other2021-09
Ani Achyuta2022-10
Heng Pan2022-10
Lie Shi2023-10
Registry & provenance

AM Batteries, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1890792
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
KLR Energy Acquisition Corp.Energy / ClimateSeries C$75.0M$1.1Bsame sector · same stage
Antora Energy, Inc.Energy / ClimateSeries C$71.7M$409.9Msame sector · same stage
Motiv Power Systems, Inc.Energy / ClimateSeries C$67.3M$801.2Msame sector · same stage
Universal Hydrogen Co.Energy / ClimateSeries C$85.0M$691.3Msame sector · same stage
Meritum Energy Holdings, LPEnergy / ClimateSeries C$54.3M$316.1Msame sector · same stage
Zeno Power Systems, Inc.Energy / ClimateSeries C$53.8M$336.6Msame sector · same stage
LevelTen Energy, Inc.Energy / ClimateSeries C$137.3M$422.3Msame sector · same stage
Niron Magnetics, Inc.Other TechnologySeries C$106.0M$995.3Mnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
International Battery Company, Inc.Other EnergySeries B$108.8M88%
Pixion Batteries Inc.Energy / ClimateSeed$5.5M87%
Ion Energy, Inc.Energy / ClimateSeed$16.0M87%
Battery Metals, Inc.Climate / CleantechSeries A$18.2M86%
Battery X Metals Inc.Climate / CleantechPre-Seed$211K85%
Carbon-Ion Energy, Inc.Energy / ClimatePre-Seed$1.4M85%
Electric Power Systems, Inc.Energy / ClimateSeries A$187.0M84%
Basic Power, Inc.Energy / ClimatePre-Seed$7.1M84%
Frequently asked
How much funding has AM Batteries, Inc. raised?
AM Batteries, Inc. has raised approximately $73.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is AM Batteries, Inc.'s estimated valuation?
Provath's modeled valuation for AM Batteries, Inc. is approximately $343.7M (modeled range $158.3M–$573.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AM Batteries, Inc. at?
AM Batteries, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Oct 26.
What does AM Batteries, Inc. do and where is it based?
AM Batteries, Inc. operates in the Energy / Climate sector, based in BILLERICA.
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