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Boston-Power Collects Fifth Venture Capital Funding

Monday, June 28, 2010 5:32:00 AM PDT | VentureDeal Staff

Westborough, Massachusetts  --  Lithium-ion battery maker Boston-Power has secured $60 million in new private equity and venture capital funding.

Boston-Power says that it is developing safer, longer lasting lithium-ion batteries.

Oak Investment Partners and Foundation Asset Management co-led the round, which also included past investors Gabriel Venture Partners and Venrock. The company said it would use the funding proceeds to expand into international markets, among other purposes.

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