Xconomy Boston

A123Systems Obtains $30,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8465c7b0-edf8-4757-b1ad-65792f743c25&Preview=1
Date
10/22/2008
Company Name
A123Systems
Mailing Address
321 Arsenal Street Watertown, MA 02472
Company Description
A123Systems is the developer of a new generation of Lithium-ion batteries that deliver previously unattainable power levels, safety and life to a wide range of applications.
Website
http://www.a123systems.com/
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
GE Energy Financial Services