Tech Company Financing Transactions

Boston-Power Funding Round

Boston-Power, based in Westborough, secured $30 million from GSR Ventures, Foundation Asset Management and Oak Investment Partners.

Transaction Overview

Company Name
Boston-Power
Announced On
12/22/2011
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors

GSR Ventures (Lead Investor)

Foundation Asset Management (Axel Wallenberg)

Oak Investment Partners (Bandel Carano)

Proceeds Purpose
The investment follows Boston-Power's September 2011 announcement of $125 million in growth capital and Chinese government stimulus programs -- comprising a combination of grants, low-interest loans and related financial and tax incentives-- and is being used to scale manufacturing, research and development, and business development activities in China for the company's award-winning energy storage technology and products.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
2200 West Park Dr. 320
Westborough, MA 01581
USA
Phone
(508) 366-0885
Website
www.boston-power.com
Email Address
[email protected]
Overview
Boston Power manufactures portable power products such as application-specific rechargeable lithium-ion batteries.
Profile
Boston-Power LinkedIn Company Profile
Social Media
Boston-Power Company Twitter Account
Company News
Boston-Power News
Facebook
Boston-Power on Facebook
YouTube
Boston-Power on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sonny Wu
  Sonny Wu LinkedIn Profile  Sonny Wu Twitter Account  Sonny Wu News  Sonny Wu on Facebook
Chief Financial Officer
Simon Vieira-Ribeiro
  Simon Vieira-Ribeiro LinkedIn Profile  Simon Vieira-Ribeiro Twitter Account  Simon Vieira-Ribeiro News  Simon Vieira-Ribeiro on Facebook
Chief Technical Officer
Rick Chamberlain
  Rick Chamberlain LinkedIn Profile  Rick Chamberlain Twitter Account  Rick Chamberlain News  Rick Chamberlain on Facebook
President
Alex Pan
  Alex Pan LinkedIn Profile  Alex Pan Twitter Account  Alex Pan News  Alex Pan on Facebook
VP - Engineering
Wayne Yuan
  Wayne Yuan LinkedIn Profile  Wayne Yuan Twitter Account  Wayne Yuan News  Wayne Yuan on Facebook
VP - Finance
Jackie He
  Jackie He LinkedIn Profile  Jackie He Twitter Account  Jackie He News  Jackie He on Facebook

 

 

Browse more venture capital transactions:

Prev: 12/22/2011: Buffer venture capital transaction
Next: 12/22/2011: MEARS Technologies venture capital transaction

 

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