FVEAA Forums
EV Technology => Batteries => Topic started by: gill.lepage on October 24, 2007, 01:23:39 AM
-
http://thefraserdomain.typepad.com/energy/2007/10/a123systems-rai.html
October 23, 2007
A123 Systems Raises Additional $30 million
Per press release:
A123Systems, developer and producer of patent-pending Nanophosphate™ lithium ion batteries, announced that it has completed a $30 million round of funding, bringing the total capital invested in the company to $132 million.
A123Systems will use these funds to increase production capacity for new contract awards for hybrid electric, plug-in hybrid electric and extended range electric vehicle design wins with major automakers including a contract to co-develop proprietary cells for the GM E-FLEX program.
...