A123 Systems

A123 Systems

Signal active

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

Founded

2001

Industry

Energy

Employees

1001-5000

Investment

4

Lead Investment

0

Exits

1

Stages

Private Equity, Early Stage Venture

Investor Type

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.

Employees

imagePlace David Vieau

David Vieau

President and CEO

imagePlace Jim Paye

Jim Paye

Executive General Manager

Investment portfolio

A123 Systems has made 4 investments. Their most recent investment was on Feb 22, 2011, when Fisker Automotive raised $150.0M.

A123 Systems has made 2 diversity investments. Their most recent diversity investment was on Oct 13, 2020, when Solid Power raised $28.0M.

investments

4

Diversity investments

2

Lead investments

0

Number of exits

1

Investments

4

Annouced DateOrganization NameIndustryMoney Raised
May 01, 2010
Fisker Automotive Fisker Automotive
Transportation189.0M
Feb 22, 2011
Fisker Automotive Fisker Automotive
Transportation150.0M
Sep 10, 2018
Solid Power Solid Power
Energy20.0M
Oct 13, 2020
Solid Power Solid Power
Energy28.0M

Exits

1

Funding Timeline

Funding rounds

4

Investors

21

Funds

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 DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
May 01, 2010
Private Equity Round - Fisker Automotive Private Equity Round - Fisker Automotive
-189.0M-
Feb 22, 2011
Private Equity Round - Fisker Automotive Private Equity Round - Fisker Automotive
-150.0M-
Sep 10, 2018
Series A - Solid Power Series A - Solid Power
-20.0M-
Oct 13, 2020
Series A - Solid Power 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.

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 DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image 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