Xconomy Boston

Boston-Power, Inc. Obtains $55,000,000 Series D Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ca4eeefc-d836-476d-a1ea-c01e37e43ef5&Preview=1
Date
1/14/2009
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
$55,000,000
Transaction Round
Series D
Proceeds Purposes
Boston-Power will use the new growth capital to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata Lithium-ion batteries.
M&A Terms
Venture Investor
Oak Investment Partners
Venture Investor
Venrock
Venture Investor
GGV Capital
Venture Investor
Gabriel Venture Partners
Venture Investor
Undisclosed