Boston-Power, Inc. Lands $45,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=280c6206-cc90-4a60-aded-6434c81d8a36&Preview=1 -
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
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Venture Investor
Oak Investment Partners -
Venture Investor
Venrock -
Venture Investor
GGV Capital -
Venture Investor
Gabriel Venture Partners
