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, as the nation tries to remove itself from dependency on gasoline. The company has competitors, such as Valence, Saft and Lion Cells, a more secretive company backed by Battery Ventures… Continue Reading