Lithium-ion battery developer A123Systems (www.a123systems.com) said it has completed a $40 million round of funding, bringing the total capital invested in the company to $102 million.
Lithium-ion battery developer A123Systems said it has completed a $40 million round of funding, bringing the total capital invested in the company to $102 million.
A123Systems will use these funds to scale its technology development and manufacturing capacity for plug-in hybrid electric vehicle (PHEV) batteries, as well as to support demand in the power tool, hybrid electric vehicle (HEV) and consumer applications markets.