Tech Company Financing Transactions

A123Systems Funding Round

A123Systems, operating out of Livonia, secured $30 million from Alliance Technology Ventures, FA Technology Ventures and GE Energy Financial Services.

Transaction Overview

Company Name
A123Systems
Announced On
10/23/2007
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series D
Investors

Alliance Technology Ventures

FA Technology Ventures

GE Energy Financial Services (Kevin Walsh)

Massachusetts Green Energy Fund

Motorola Solutions Venture Capital (Jason Howard)

North Bridge Venture Partners (Jeffrey MCCARTHY)

OnPoint Technologies (John Trbovich)

Presidio Partners (James Kim)

Qualcomm Ventures (Paul Jacobs)

Sequoia Capital (Michael Moritz)

Proceeds Purpose
A123Systems will use these funds to increase production capacity for new contract awards for hybrid electric, plug-in hybrid electric and extended range electric vehicle design wins with major automakers including a contract to co-develop proprietary cells for the GM E-FLEX program.

Company Information

Company Status
Acquired or Merged
Industry
Energy & Battery
Mailing Address
39000 Seven Mile Rd.
Livonia, MI 48152
USA
Phone
(734) 772-0300
Website
www.a123systems.com
Email Address
Not Recorded
Overview
A123 Helps Power Porsche to Racing Success! A123 Systems, a proud technology partner on the Porsche 919 Hybrid, celebrates another year of outstanding motorsports achievements. For both the 2015 and 2016 racing seasons, Porsche drove to victory at the prestigious 24 hours of Le Mans and maintains its dominance on the podium.
Profile
A123Systems LinkedIn Company Profile
Social Media
A123Systems Company Twitter Account
Company News
A123Systems News
Facebook
A123Systems on Facebook
YouTube
A123Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Peter Cirino
  Peter Cirino LinkedIn Profile  Peter Cirino Twitter Account  Peter Cirino News  Peter Cirino on Facebook
Chief Financial Officer
Brad Frederick
  Brad Frederick LinkedIn Profile  Brad Frederick Twitter Account  Brad Frederick News  Brad Frederick on Facebook
Chief Operating Officer
Chris Eisenhart
  Chris Eisenhart LinkedIn Profile  Chris Eisenhart Twitter Account  Chris Eisenhart News  Chris Eisenhart on Facebook
Chief Technical Officer
Patrick Hurley
  Patrick Hurley LinkedIn Profile  Patrick Hurley Twitter Account  Patrick Hurley News  Patrick Hurley on Facebook

 

 

Browse more venture capital transactions:

Prev: 10/23/2007: Levanta venture capital transaction
Next: 10/23/2007: AirVersent venture capital transaction

 

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