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PublicNASDAQ:AONE
Date9/09
Raised
Post IPO Valuation$380M

General Information

Websitea123systems.com
Bloga123systems.ru
Twitter@A123Systems
CategoryCleanTech
Employees
Founded2001
DescriptionBattery Maker

Offices

Watertown, USA
321 Arsenal Street
Watertown, MA, 02472
USA

People

Founder
Founder and VP of Marketing and Business Development
Founder, CTO, and VP of R&D
CFO
President and CEO
VP of Manufacturing
VP of Operations
VP and General Counsel
Show All People

Former People

CFO & VP of Finance and Admin
Board Member

Acquisitions

Hymotion, 5/08

Investments

Funding

TOTAL $503M
FUNDING TOTAL $503M
Series A, 11/05
$32M
Series B, 2/06
$30M
Series C, 1/07
$40M
Series D, 10/07
Alliance Capital Ventures
Massachusetts Institute of Technology
North Bridge Venture Partners
Qualcomm
Sequoia Capital
Motorola Solutions
General Electric
Procter and Gamble
$30M
Series E, 4/09
General Electric
$69M
Grant, 8/09
U.S. Department of Energy
$249M
Grant, 12/09
$2.86M
Venture Round, 6/12
$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 3/17/13

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