A123 Systems

A123 Systems is a manufacturer of rechargeable lithium-ion batteries and battery systems, specializing in advanced energy solutions for electronic devices. Utilizing innovative nanoscale materials initially developed at MIT, the company’s Nanophosphate electrode technology offers significant advantages in performance, including lower cost per watt and higher voltage compared to traditional long-life battery systems. This technology enhances the efficiency and safety of power supply, allowing clients to create devices with improved battery life. A123 Systems’ products are designed to deliver high power and energy density, contributing to reduced lifecycle and system costs while maximizing overall price-performance. The company faces competition from other battery manufacturers in the industry.

6 past transactions

Solid Power

Series A in 2020
Solid Power is a developer of solid-state rechargeable batteries for electric vehicles and mobile power markets. Possessing no volatile or flammable liquid components, its solid-state batteries are extremely energy-dense while also possessing ultimate safety and reliability. Together, these performance attributes can enable profound performance improvements of battery-powered devices such as portable electronics, electric vehicles, aircraft, and satellites through increased run time, increased safety, and lower cost.

Solid Power

Series A in 2018
Solid Power is a developer of solid-state rechargeable batteries for electric vehicles and mobile power markets. Possessing no volatile or flammable liquid components, its solid-state batteries are extremely energy-dense while also possessing ultimate safety and reliability. Together, these performance attributes can enable profound performance improvements of battery-powered devices such as portable electronics, electric vehicles, aircraft, and satellites through increased run time, increased safety, and lower cost.

Fisker Automotive

Private Equity Round in 2011
Fisker Automotive was an American company known for producing the Fisker Karma, which was one of the world's first production luxury plug-in hybrid electric vehicles. It debuted at the 2008 North American International Auto Show, and the first deliveries were in 2011. Production of the Fisker Karma was suspended in November 2012 due to the bankruptcy of its battery supplier A123 Systems, with about 2,450 Karmas built since 2011 and over 2000 cars sold worldwide. In February 2014, Fisker Automotive's Karma vehicle design, tooling, and a manufacturing facility in Delaware were purchased by Chinese auto parts conglomerate Wanxiang Group.

Fisker Automotive

Private Equity Round in 2010
Fisker Automotive was an American company known for producing the Fisker Karma, which was one of the world's first production luxury plug-in hybrid electric vehicles. It debuted at the 2008 North American International Auto Show, and the first deliveries were in 2011. Production of the Fisker Karma was suspended in November 2012 due to the bankruptcy of its battery supplier A123 Systems, with about 2,450 Karmas built since 2011 and over 2000 cars sold worldwide. In February 2014, Fisker Automotive's Karma vehicle design, tooling, and a manufacturing facility in Delaware were purchased by Chinese auto parts conglomerate Wanxiang Group.

Hymotion

Acquisition in 2008
As of May 1, 2007, Hymotion, Inc. was acquired by A123 Systems, Inc. Hymotion, Inc., a green technology company, provides hybrid and alternative fuel solutions. It offers plug-in hybrid systems and flex-fuel systems. The company was founded in 2005 and is based in Concord, Canada.

T/J Technologies

Acquisition in 2006
T/J Technologies develops Nano materials for alternative energy devices such as lithium ion batteries, fuel cells and ultra capacitors.
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