# A123 Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/a123-systems

- Industry: Energy Storage & Batteries
- Headquarters: Watertown, US
- Website: www.a123systems.com
- Total disclosed funding: $164M
- Latest round: Series E (Apr 3, 2009)
- Investors on record: 22

## About

A123 Systems, Inc. develops and manufactures advanced lithium-ion batteries and energy storage systems that deliver high power and energy density. The company’s technology enables customers to commercialize innovative products for the transportation, electric grid and commercial markets.

## Funding rounds

- Series E, Apr 3, 2009, $69M — MIT Investment Management Company, Hong Shan, North Bridge Venture Partners, Qualcomm, Presidio Partners, DTE Energy Company Retirement Plan, Novus Ventures, Masthead Venture Partners, ConocoPhillips (US Pension Plan), Armilar Venture Partners, General Electric Company, Meridian Venture Partners, AllianceBernstein
- Series D, Aug 6, 2007, $30M — MIT Investment Management Company, Hong Shan, North Bridge Venture Partners, Qualcomm, Presidio Partners, FA Technology Ventures, Procter & Gamble Pension Fund, Motorola, General Electric Company, Alliance Capital Partners
- Series D, Jan 24, 2007, $34M — MIT Investment Management Company, Hong Shan, North Bridge Venture Partners, Qualcomm, GE Commercial Finance, FA Technology Ventures, Procter & Gamble Pension Fund, Army Venture Capital Initiative, Motorola, Alliance Capital Partners
- Series C, Jan 27, 2006, $30M — MIT Investment Management Company, Hong Shan, YankeeTek Ventures, North Bridge Venture Partners, Qualcomm, FA Technology Ventures, Army Venture Capital Initiative, Motorola, General Electric Company, Alliance Capital Partners
- Series B, Jun 29, 2004 — MIT Investment Management Company, Hong Shan, YankeeTek Ventures, North Bridge Venture Partners, Qualcomm Ventures, Army Venture Capital Initiative, Motorola Solutions Venture Capital
- Seed, Dec 18, 2001 — Hong Shan

## Investors

- Hong Shan — Seed, Series B, Series C, Series D, Series E
- MIT Investment Management Company (https://capitalatlas.ai/funds/mit-investment-management-company) — Series B, Series C, Series D, Series E
- YankeeTek Ventures (https://capitalatlas.ai/funds/yankeetek-ventures) — Series B, Series C
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series B, Series C, Series D, Series E
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B
- Army Venture Capital Initiative (https://capitalatlas.ai/funds/army-venture-capital-initiative) — Series B, Series C, Series D
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series B
- Qualcomm — Series C, Series D, Series E
- FA Technology Ventures (https://capitalatlas.ai/funds/fa-technology-ventures) — Series C, Series D
- Motorola — Series C, Series D
- General Electric Company — Series C, Series D, Series E
- Alliance Capital Partners (https://capitalatlas.ai/funds/alliance-capital-partners) — Series C, Series D
- GE Commercial Finance — Series D
- Procter & Gamble Pension Fund — Series D
- Presidio Partners (https://capitalatlas.ai/funds/presidio-partners) — Series D, Series E
- DTE Energy Company Retirement Plan — Series E
- Novus Ventures (https://capitalatlas.ai/funds/novus-ventures) — Series E
- Masthead Venture Partners (https://capitalatlas.ai/funds/masthead-venture-partners) — Series E
- ConocoPhillips (US Pension Plan) — Series E
- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Series E
- Meridian Venture Partners (https://capitalatlas.ai/funds/meridian-venture-partners) — Series E
- AllianceBernstein (https://capitalatlas.ai/funds/alliancebernstein) — Series E