Car battery maker A123 scores $15M more from GE

Car battery maker A123 scores $15M more from GE

A123 Systems, maker of lithium-ion batteries — primarily for hybrid and electric cars — has nabbed another $15 million in funding from General Electric, marking the seventh time the conglomerate has invested in the capital-rich startup. This brings the total of A123’s recent round of… Continue Reading

Battery company, A123 Systems, loaded with cash

Battery company, A123 Systems, loaded with cash

Battery maker A123 Systems has secured its place as the most heavily funded battery startup, adding $30 million in its fifth round of funding.

Early this year, A123 broke $100 million. The Watertown, Mass. company, which is developing new lithium ion technology, already has some products… Continue Reading

Will Ebooks finally take off? E Ink hopes so

Will Ebooks finally take off? E Ink hopes so

E Ink, the company that supplies “paper like” electronic display technology for the new Sony Reader and other Ebooks, is benefiting from recent attention, including reports that Amazon will use it for its rumored upcoming Ebook

The Cambridge, Mass. company has just raised $16 million in… Continue Reading

A123Systems raises $40M more for car battery, in showdown with EEStor

A123Systems, the Watertown, Mass. company selling high-power lithium-ion batteries, said it has raised $40 million more in a fourth round of funding, bringing the total invested in the company to $102 million.

The funding comes amid increased interest by auto-makers and the public in electric cars,… Continue Reading