Monday, February 06, 2006

A123 raises $30M third round

Lithium-ion battery developer A123 announced today the closing of a $30M third round of financing. GE, Alliance Capital Management and FA Technology Ventures led the round, and existing investors Motorola, Qualcomm, North Bridge Venture Partners, Sequoia Capital, Massachusetts Institute of Technology, OnPoint, YankeeTek and Desh Deshpande also participated.

To date, the company has raised $62M. We mentioned their technology and progress back in November...


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