Overview

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Status
A123 Systems has been closed
Investments
2 Investments in 1 Company
Headquarters:
Westborough, Massachusetts
Description:
A123 Systems is a manufacturer of lithium-ion batteries and battery systems for the transportation, electric grid, and commercial markets.
Founders:
, , ,
Categories:
Energy Storage, Transportation, Renewable Energy
Website:
http://a123systems.com
Social:

Company Details

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Founded:
2001
Closed:
October 16, 2012
Employees:
14 in Crunchbase

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.

Funding Rounds (8) - $502.86M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2012$50M / Post Ipo Equity0
Dec, 2009$2.86M / Grant0
Aug, 2009$249M / Grant1
Apr, 2009$69M / Series E2
Oct, 2007$30M / Series D8
Jan, 2007$40M / Series D0
Feb, 2006$30M / Series B1
Nov, 2005$32M / Series A0

Acquisitions (1)

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DateAcquiredAmount
May 1, 2008Unknown

Investments (2)

DateInvested InRoundPartner(s)
Feb, 2011$150M / Private Equity
May, 2010$189M / Private Equity

Board Members and Advisors (2)

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Products (1)

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Offices/Locations (2)

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  • Headquarters

    200 West Street

    Waltham, MA 02451

    USA

  • Westborough Office

    155 Flanders Road,

    Westborough, Massachusetts 01581

    United States

Past Team (27)

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Images (2)

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