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PublicNASDAQ:AONE
Date9/2009
Raised
Post IPO Valuation$380M

General Information

Websitea123systems.com
Bloga123systems.ru
Twitter@A123Systems
CategoryMobile/Wireless
Employees
Founded2001
DescriptionBattery Maker

Offices

Energy Soln's (div)
155 Flanders Road
Westborough, MA, 01581
USA

People

Founder
Founder, CTO, and VP of R&D
CFO
Chief Operating Officer
President and CEO
VP of Manufacturing
VP of Operations
VP and General Counsel
Show All People

Acquisitions

Hymotion, 5/2008

Investments

Funding

TOTAL $503M
FUNDING TOTAL $503M
Series A, 11/2005
$32M
Series B, 2/2006
Madison Parker Capital
$30M
Series C, 1/2007
$40M
Series D, 10/2007
Alliance Capital Ventures
Massachusetts Institute of Technology (MIT)
North Bridge Venture Partners
Qualcomm
Sequoia Capital
Motorola Solutions
General Electric
Procter & Gamble
$30M
Series E, 4/2009
General Electric
Espí­rito Santo Ventures
$69M
Grant, 8/2009
U.S. Department of Energy
$249M
Grant, 12/2009
$2.86M
Venture Round, 6/2012
$50M

Tags

A123 Systems

Based on new, highly active nanoscale material initially developed at MIT, A123Systems’ low impedance Nanophosphate electrode technology provides a competitive advantage over alternative high power technologies.

A123’s cell and electrode designs lower cost/watt and cost/watt-hour. They have higher voltage than other long-life systems, enabling lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall price-performance .

Competitors include Valence, Saft and Lion Cells.

Recent Milestones

  • Dollar
    A123 Systems received $50M in Venture Round funding. (6/7/12)
    Posted 6/7/12 at 6:14pm via masshightech.com
  • Check
    A123 Systems — EnerNOC sees Q1 net loss widen over 2010 [May 4, 2011] EMD Serono pays out $44M to settle false claims suit [May 4, 2011] PeerTransfer starts college payment funds exchange system [May 4, 2011] AmbiLabs tops the field in R.I. Business Plan Compet (5/4/11)
    Posted 5/5/11 at 3:11am via masshightech.com
  • Check
    A123 Systems — A123 prices $223M stock and bond offering (4/1/11)
    Posted 4/1/11 at 6:19pm via masshightech.com
  • Check
    A123 Systems — announced proposals for a new public stock offering and new bond offering (3/28/11)
    Posted 3/29/11 at 7:49am via masshightech.com
  • Check
    A123 Systems — chosen to produce battery packs for a pure-electric vehicle by a “major” North American automaker (3/1/11)
    Posted 3/1/11 at 8:27am via masshightech.com
  • Check
    A123 Systems — chosen to produce battery packs for a pure-electric vehicle by a “major” North American automaker (3/1/11)
    Posted 3/1/11 at 8:28am via masshightech.com
  • Dollar
    A123 Systems invested in Fisker Automotive. (2/22/11)
    Posted 2/23/11 at 1:12am via greentechmedia.com
  • Check
    A123 Systems — began operations last week at a new location in Westborough (2/8/11)
    Posted 2/9/11 at 3:35am via masshightech.com
  • Check
    A123 Systems — received an order to expand an energy storage system for the electric grid in Northern Chile (2/7/11)
    Posted 2/7/11 at 8:21am via masshightech.com
  • Check
    A123 Systems — on track to potentially break the $100 million revenue mark this year. (9/29/10)
    Posted 9/29/10 at 9:01am via masshightech.com
  • Check
    A123 Systems — A123 Systems Inc. announced the opening of its manufacturing facility in Livonia, Mich. (9/13/10)
    Posted 9/13/10 at 8:53am via masshightech.com
  • Dollar
    A123 Systems invested in Fisker Automotive. (5/1/10)
    Posted 1/19/10 at 9:26pm via earth2tech.com
  • Dollar
    A123 Systems received $2.86M in Grant funding. (12/16/09)
    Posted 12/16/09 at 6:50pm via earth2tech.com
  • Stock
    Went public with stock symbol NASDAQ:AONE. (9/24/09)
    Posted 9/24/09 at 4:23pm
  • Dollar
    A123 Systems received $249M in Grant funding. (8/5/09)
    Posted 8/5/09 at 9:57am via a123systems.com
  • Dollar
    A123 Systems received $69M in Series E funding. (4/13/09)
    Posted 4/13/09 at 1:07pm via pehub.com

Videos

Screenshots

Products

Battery Cells

Websitea123systems.com/#/products/p1
Tags cleantech
A123 Systems screenshot
Above: Battery Cells Screenshot -- #1
Uploaded: 2/5/08

Stock Price

Traffic Analytics

Quantcast

Livegraph

Compete

A123systems

Sources

  1. VentureBeat (venturebeat.com) [edit]
  2. Fisker Charges Up With $150M for Luxury EV (greentechmedia.com) [edit]
  3. Fisker Closes $189M Round, Tees Up for Federal Loans (earth2tech.com) [edit]
  4. Battery Pumps Up Power Tools (redherring.com) [edit]
  5. allbusiness.com [edit]
  6. venturebeat.com [edit]
  7. mitsloanblog.typepad.com [edit]
  8. A123 Raises Another $69 Million (pehub.com) [edit]
  9. A123Systems Awarded $249M Grant from U.S. Department of Energy to Build Advanced Battery Production Facilities in the United States (ir.a123systems.com) [edit]
  10. Innovation in Manufacturing: A123Systems, Amprius Score Funds from Feds (earth2tech.com) [edit]
  11. A123 Systems gets $50M fundraise (masshightech.com) [edit]
  12. A123 opens Mich. battery production plant (masshightech.com) [edit]
    A123 charts three-year billion-dollar revenue plan (masshightech.com) [edit]
    A123 lands 20MW energy storage order (masshightech.com) [edit]
    A123 begins battery making, testing in Westborough (masshightech.com) [edit]
    A123 adds batteries to upcoming pure-electric car (masshightech.com) [edit]
    A123 adds batteries to upcoming pure-electric car (masshightech.com) [edit]
    A123 plans new stock, bond offerings (masshightech.com) [edit]
    A123 prices $223M stock and bond offering (masshightech.com) [edit]
    A123 appoints Ford vet Prystash as CFO (masshightech.com) [edit]
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Last Edited 3/5/14

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