Deal Announcements

Boston-Power Secures $30 Million Follow-On Funding

Friday, December 23, 2011 5:31:00 AM PDT | VentureDeal Staff

   Westborough, Massachusetts  --  Portable power company Boston-Power has raised an additional $30 million in new institutional financing.

Boston-Power sells what it refers to as "safer, longer-lasting lithium-ion batteries" that provide a variety of energy storage solutions.

GSR Ventures led the round, which also included prior investors Oak Investment Partners and Foundation Asset Management.

The company said it would use the funding to help build out its operations and China manufacturing facilities.

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