A123Systems Receives $30 Million Investment to Increase Production and Expand Its Battery Product Portfolio into New Markets, Including Hybrid Electric Vehicles; Current Round of Financing Brings Total Investment to $62 Million Since Founding
6th Feb 2006, 17:54 GMT
A123Systems, developer of a new generation of Lithium-ion batteries, today announced it has completed its third round of private equity funding totaling $30 million. New investors in the company are GE, Alliance Capital Management and FA Technology Ventures.
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