News

Deal Announcements

Boston-Power Closes Series C Financing Of $45 Million

Friday, January 04, 2008 6:12:00 AM PDT | VentureDeal Staff

WESTBOROUGH, MA -- Battery technology company Boston-Power announced that it has closed its third round of venture capital financing, securing $45 million for expansion.

The company has developed safer and longer-lasting Lithium-ion batteries by designing application-specific batteries.

Oak Investment Partners led the round, which included previous investors Venrock Associates, Granite Global Ventures and Gabriel Venture Partners.  Boston-Power said it would use the funding proceeds to scale every aspect of the company's sales, marketing and product development operations.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.