A123 Systems
AcquiredAdvanced lithium-ion batteries for the global vehicle market
Waltham, United States · Founded 2001 · $388.0M raised
- Headquarters
- Waltham, Massachusetts
- Employees
- 1001–5000
- Founded
- 2001
- Business Model
- B2B
- Website
- a123systems.com
- Total Funding
- $388.0M
- Last Round
- $69.0M Series FAug 2009
- Rounds
- 4
About
A123 Systems (now Wanxiang A123) is a pioneer in advanced lithium-ion battery technology. Founded 2001 as MIT spin-out. Acquired by Wanxiang Group in 2013 after bankruptcy.
Summary
A123 Systems is a Climate Tech company based in Waltham, United States, founded in 2001. It has raised $388.0M in total across 4 rounds, most recently a $69.0M Series F round in Aug 2009. Investors include General Electric and U.S. Department of Energy Loan Programs Office.
Tech & App Stack
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Funding History
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Aug 2009
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Series F through Grant — per-round amounts, valuations, and who invested in each round.
Investors
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