Boston-Power Obtains $30,000,000 New Financing Round

  • Feed Type
  • Date
    12/22/2011
  • Company Name
    Boston-Power
  • 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
    $30,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The investment follows Boston-Power’s September 2011 announcement of $125 million in growth capital and Chinese government stimulus programs – comprising a combination of grants, low-interest loans and related financial and tax incentives– and is being used to scale manufacturing, research and development, and business development activities in China for the company’s award-winning energy storage technology and products.
  • M&A Terms
  • Venture Investor
    GSR Ventures
  • Venture Investor
    Oak Investment Partners
  • Venture Investor
    Foundation Asset Management

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