A123 Systems

company

About

A123 Systems is a manufacturer of lithium-ion batteries and battery systems for the transportation, electric grid, and commercial markets.

  • 1001 - 5000

Details

Last Funding Type
Series D
Last Funding Money Raised
$30M
Industries
Energy,Energy Storage,Manufacturing,Renewable Energy,Transportation
Founded date
Jan 1, 2001
Number Of Employee
1001 - 5000
Operating Status
Active

Based on new, highly active nanoscale material initially developed at MIT, A123Systems' low impedance Nanophosphate electrode technology provides a competitive advantage over alternative high power technologies.

A123's cell and electrode designs lower cost/watt and cost/watt-hour. They have higher voltage than other long-life systems, enabling lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall price-performance .

Competitors include [Valence](http://www.valence.com), [Saft](http://www.saftbatteries.com) and [Lion Cells](http://www.lioncells.com).

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$349M
A123 Systems has raised a total of $349M in funding over 2 rounds. Their latest funding was raised on Aug 5, 2009 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 5, 2009 Grant $249M 1 Detail
Oct 1, 2007 Series D $30M 3 Detail
Jan 25, 2007 Series C $40M 3 Detail
Feb 1, 2006 Series B $30M 1 Detail

Investors

Number of Lead Investors
Number of Investors
5
A123 Systems is funded by 5 investors. US Department of Energy and Sequoia Capital are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Grant
Sequoia Capital Series D
Procter & Gamble Company Series D
Alliance Capital Ventures Series D
Alliance Capital Series C