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
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
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: 2/5/2006: Mplicity venture capital transaction
Next: 2/6/2006: NeoAccel venture capital transaction

 

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