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