On January 18, 2022, 24M Technologies, Inc. closed the transaction. The company received three digit millions of funding in a round . The transaction included participation from returning investor, Volkswagen AG.

As a part of the transaction, Steffen Blase from Volkswagen AG will join board of directors of the company. The investor has acquired 25% stake in the company. The round is raised at a post-money valuation of $557,261,909.