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Investment Firm
Overview
Based on new, highly active nanoscale material initially developed at MIT, A123Systems' low impedance Nanophosphate electrode technology provides a competitive advantage over alternative high power technologies.
A123's cell and electrode designs lower cost/watt and cost/watt-hour. They have higher voltage than other long-life systems, enabling lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall price-performance .
Competitors include Valence, Saft and Lion Cells.
Highlights
2001
Energy
1001-5000
4
0
1
Private Equity, Early Stage Venture
N/A
Location
Westborough, Massachusetts, United States, North America
Contact Information
Social
Profile Resume
A123 Systems, established in 2001 and headquartered in United States, North America., specializes in Private Equity, Early Stage Venture investments across Transportation, Automotive, Autonomous Vehicles, Electric Vehicle, Financial Services, Venture Capital, Finance, Incubators, Sports, Marketing. The organization boasts a portfolio of 4 investments, with an average round size of $96.8M and 1 successful exits. Their recent investments include Fisker Automotive, Kleiner Perkins, SeventySix Capital, New Enterprise Associates, Advanced Equities. The highest investment round they participated in was $27.1B. Among their most notable exits are Fisker Automotive and Kleiner Perkins. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
4
2
0
1
Investments
4
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
May 01, 2010 | Fisker Automotive | Transportation | 189.0M |
Feb 22, 2011 | Fisker Automotive | Transportation | 150.0M |
Sep 10, 2018 | Solid Power | Energy | 20.0M |
Oct 13, 2020 | Solid Power | Energy | 28.0M |
Exits
1
Funding Timeline
4
21
0
Funding Rounds
4
A123 Systems has raised 4 rounds. Their latest funding was raised on Oct 13, 2020 from a Series A - Solid Power round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
May 01, 2010 | Private Equity Round - Fisker Automotive | - | 189.0M | - |
Feb 22, 2011 | Private Equity Round - Fisker Automotive | - | 150.0M | - |
Sep 10, 2018 | Series A - Solid Power | - | 20.0M | - |
Oct 13, 2020 | Series A - Solid Power | - | 28.0M | - |
Investors
35
A123 Systems is funded by 35 investor(s). US Department of Energy and DTE Energy Ventures Kantor are the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
DTE Energy Ventures | No | Series F - A123 Systems | 0 |
US Department of Energy | No | Grant - A123 Systems | 249.0M |
- | No | Grant - A123 Systems | 2.9M |
- | No | Post-IPO Equity - A123 Systems | 50.0M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Mar 25, 2024
PR Newswire - Electric Vehicle (EV) Battery Market size to grow by USD 53.62 billion from 2022 to 2027, A123 Systems LLC, Ballard ...
News
Mar 18, 2024
PR Newswire - Electric Vehicle (EV) Battery Market size to grow by USD 53.62 billion from 2022 to 2027, A123 Systems LLC, Ballard ...
News
Jan 10, 2024
GlobeNewswire - Electric Vehicle (EV) Battery Market size to grow by USD 53.62 billion from 2022 to 2027, A123 Systems LLC, Ballard ...
News
Nov 21, 2023
The Malaysian Reserve - Electric vehicle (EV) battery market size to grow by USD 53.62 billion from 2022 to 2027, A123 Systems LLC, Ballard ...
Funding Round
Oct 13, 2020
Solid Power raised $28000000 on 2020-10-13 in Series A
Funding Round
Sep 10, 2018
Solid Power raised $20000000 on 2018-09-10 in Series A