A123 Systems

Acquired

Advanced lithium-ion batteries for the global vehicle market

Waltham, United States · Founded 2001 · $388.0M raised

Employees
1001–5000
Founded
2001
Business Model
B2B
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

2 technologies & apps tracked

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Funding History

GrantAug 2009
$249.0M

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Investors

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