News

Deal Announcements

A123Systems Raises $20 Million New Financing

Thursday, March 6, 2008 5:40:00 AM PDT | VentureDeal Staff
WATERTOWN, MA -- Battery technology company A123Systems announced that it has received $20 in additional venture capital financing.

A123Systems has developed a new generation of lithium-ion batteries that promise to deliver a higher level of power and safety than previous batteries.  The company is providing its batteries to Norwegian electric car company Think.

GE Energy Financial Services made the investment.  The company said it would use the funding proceeds to pursue continued product development in concert with GE and Think.

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.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin


PCI - Level1