Tech Company Financing Transactions
A123Systems Funding Round
Alliance Technology Ventures, FA Technology Ventures and GE Commercial Finance participated in a $40 million funding round for A123Systems. The round was announced on 1/25/2007.
Transaction Overview
Company Name
Announced On
1/25/2007
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
A123Systems will use these funds to scale its technology development and manufacturing capacity for plug-in hybrid electric vehicle (PHEV) batteries, as well as to support the fast growing demand in the power tool, hybrid electric vehicle (HEV) and consumer applications markets
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
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