A123 Systems is a renowned company that specializes in the development and manufacturing of advanced Nanophosphate® lithium iron phosphate batteries and energy storage systems. Founded in 2001, the company's proprietary Nanophosphate technology, initially developed at the Massachusetts Institute of Technology, has positioned them as a worldwide leader in complete lithium-ion energy storage solutions. Through their commitment to operational excellence and game-changing technology, A123 Systems offers complete energy storage solutions designed to meet the evolving customer requirements for innovative technologies. They are recognized for delivering a new combination of high power, excellent safety, and long life in their products. A123 Systems has made substantial progress in the energy, manufacturing, renewable energy, and transportation industries. With a headquarter in the United States and employing over 2,000 people worldwide, the company has become a TS-16949 and ISO9001 certified supplier of advanced lithium-ion cells and systems. In 2012, A123 Systems secured a significant $50.00M Post-IPO Equity investment, further solidifying its position as a leading player in the energy storage industry. The company's field-proven battery systems operating in various vehicles worldwide, from passenger cars to commercial transit buses, showcase their dedication to delivering premium performance in the field.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Equity | $50.00M | - | 07 Jun 2012 | |
Grant | $2.86M | - | 16 Dec 2009 | |
Grant | $249.00M | 1 | US Department of Energy | 05 Aug 2009 |
Series F | Unknown | 1 | 01 Jun 2009 | |
Series E | $69.00M | 2 | General Electric | 13 Apr 2009 |
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