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A123 Systems

559 employees

A123 Systems is a manufacturer of lithium-ion batteries and battery systems for the transportation, electric grid, and commercial markets.

Investor insights

Sectors invested in

Battery2
Electric Vehicle2
Energy Storage2
Renewable Energy2
Energy2

Funding rounds participated in

$89M sweet spot round size

Most of their 4 investments are in rounds between $20M and $150M

Basic info

Industry

renewable energy semiconductor manufacturing

Sectors

Battery Management Systems
Energy
Transportation
Energy Storage
Lithium Ion Batteries
Electric Vehicles
Starter Batteries
Hybrid Vehicles
Renewable Energy
Manufacturing

Date founded

2001

Investments made

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Solid Power, Inc. raised $28M on October 13, 2020

Investors: HYUNDAI CRADLE, Samsung Venture Investment, Volta Energy Technologies and A123 Systems

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Solid Power, Inc. raised $20M on September 10, 2018

Investors: HYUNDAI CRADLE and A123 Systems

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Undisclosed raised $150M on February 22, 2011

Investors: Kleiner Perkins, Qatar Investment Authority and A123 Systems

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Undisclosed raised $189M on May 1, 2010

Investors: Kleiner Perkins and A123 Systems

Funding rounds raised

Total raised

$249M

from 7 investors over 7 rounds

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A123 Systems raised $249M on August 5, 2009

Investors: U.S. Department of Energy

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A123 Systems raised $69M on April 13, 2009

Investors: Armilar VP

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A123 Systems raised $40M on January 25, 2007

Investors: Alliance Capital Corporation and FA Technology Ventures

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A123 Systems raised $30M on February 1, 2006

Investors: Madison Parker Capital and OnPoint Technologies

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A123 Systems raised $5M on November 1, 2002

Investors: Qualcomm Ventures

FAQ