Tech Company Financing Transactions
A123Systems Funding Round
On 2/6/2006, A123Systems secured $30 million in Series C financing from FA Technology Ventures, Motorola Solutions Venture Capital and North Bridge Venture Partners.
Transaction Overview
Company Name
Announced On
2/6/2006
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series C
Investors
Proceeds Purpose
A123Systems will use its new capital infusion to increase manufacturing capacity, to continue support for its current customer base and revenue growth, to accelerate the development of batteries for hybrid electric vehicles (HEV) and to continue development of products for other markets demanding improved power technology.
Company Information
Company Status
Acquired or Merged
Industry
Energy & Battery
Mailing Address
39000 Seven Mile Rd.
Livonia, MI 48152
USA
Livonia, MI 48152
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Cirino
Chief Financial Officer
Brad Frederick
Chief Operating Officer
Chris Eisenhart
Chief Technical Officer
Patrick Hurley
Browse more venture capital transactions:
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