A123Systems Receives $20,000,000 New Financing Round

  • Feed Type
  • Date
    3/5/2008
  • 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
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The joint research will support A123’s battery development, including batteries for Think’s vehicles.
  • M&A Terms
  • Venture Investor
    GE Energy Financial Services

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