# Boston-Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boston-power

- Industry: Energy Storage & Batteries
- Headquarters: Westborough, US
- Website: www.boston-power.com
- Total disclosed funding: $341M
- Latest round: Series E (Sep 20, 2011)
- Investors on record: 6

## About

Boston-Power Inc. is a pioneering company that specializes in advanced battery technologies, focusing on the development and manufacturing of high-performance lithium-ion batteries for energy storage and electric vehicle applications.Founded in 2005 and headquartered in Westborough, MA, USA, Boston-Power Inc. designs and manufactures lithium-ion batteries. The company has undergone strategic pivots and has raised funding through several rounds, with the most recent being a Series E round in September 2011. The firm has secured a total of USD 125.00 mn in funding, with a current valuation of USD 226.26 mn. Key investors in the latest round included GSR Ventures and Oak Investment Partners.Boston-Power Inc. specializes in the engineering and manufacturing of lithium-ion battery technologies, offering solutions for various applications including electric vehicles (EVs) and energy storage systems (ESS). Their expertise covers a range of battery chemistries, providing comprehensive consulting services tailored to the specific needs of their clients, which include major players in the automotive and energy sectors.Boston-Power operates using a project-based revenue model, focusing on consulting services related to battery technology and manufacturing. They engage in B2B partnerships, generating revenue through consulting fees for feasibility studies, design specifications, and engineering packages. Their structured approach ensures clear project deliverables, although specific pricing for consulting services is not publicly available.In September 2011, Boston-Power Inc. raised USD 30.00 mn in Series E venture funding, aiming to expand their capabilities in battery manufacturing and design. The company is planning to introduce new products tailored for the electric vehicle market and to enhance their offerings in energy storage systems. With the recent funding, Boston-Power aims to invest in new technologies and expand into international markets, focusing on regions that demand innovative battery solutions.

## Funding rounds

- Series E, Sep 20, 2011, $30M — Oak Investment Partners, GSR Ventures
- Series F, Sep 20, 2011, $125M — Oak Investment Partners, GSR Ventures, FAM
- Series E, Jun 10, 2010, $62M — Oak Investment Partners, FAM
- Series D, Dec 30, 2008, $55M — Oak Investment Partners, Granite Asia, Venrock, Gabriel Venture Partners, FAM
- Series C, Dec 28, 2007, $45M — Oak Investment Partners, Granite Asia, Venrock, Gabriel Venture Partners
- Series B, Dec 20, 2006, $16M — Granite Asia, Venrock, Gabriel Venture Partners
- Series A, Mar 14, 2006, $8.6M — Venrock, Gabriel Venture Partners

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C, Series D
- Gabriel Venture Partners (https://capitalatlas.ai/funds/gabriel-venture-partners) — Series A, Series B, Series C, Series D
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B, Series C, Series D
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C, Series D, Series E, Series F
- FAM — Series D, Series E, Series F
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series E, Series F