Boston-Power, Inc. Lands $45,000,000 Series C Round

  • Feed Type
  • Date
    1/3/2008
  • Company Name
    Boston-Power, Inc.
  • Mailing Address
    2200 West Park Drive Westborough, MA 01581
  • Company Description
    Boston-Power, Inc. ™ is an emerging portable power company answering the call for safer, longer lasting Lithium-ion batteries – today.
  • Website
    http://www.boston-power.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $45,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Boston-Power will use the new capital to scale business development, marketing, research and development, and manufacturing operations to meet strong global demand for Sonata – the company’s next-generation Lithium-ion battery technology. Sonata initially targets notebook computers. Eventually, the company’s products could be used to power an extensive range of end-applications – from consumer electronics devices to hybrid electric vehicles.
  • M&A Terms
  • Venture Investor
    Oak Investment Partners
  • Venture Investor
    Venrock
  • Venture Investor
    GGV Capital
  • Venture Investor
    Gabriel Venture Partners

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