A123 Systems logo — Worldwide leader in complete lithium-ion energy storage solu...

A123 Systems

Worldwide leader in complete lithium-ion energy storage solutions

Founded 2001 United States Novi, United States 586 employees Post-IPO Equity Total: $507.86M Energy, Manufacturing +3

General Information

Company Name A123 Systems
Founded Year 2001
Location United States Novi, United States
Employees 586
Industries Energy, Manufacturing, Renewable Energy +2
Funding Stage Post-IPO Equity
Social

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About A123 Systems

A123 Systems is a renowned company that specializes in the development and manufacturing of advanced Nanophosphate® lithium iron phosphate batteries and energy storage systems. Founded in 2001, the company's proprietary Nanophosphate technology, initially developed at the Massachusetts Institute of Technology, has positioned them as a worldwide leader in complete lithium-ion energy storage solutions. Through their commitment to operational excellence and game-changing technology, A123 Systems offers complete energy storage solutions designed to meet the evolving customer requirements for innovative technologies. They are recognized for delivering a new combination of high power, excellent safety, and long life in their products. A123 Systems has made substantial progress in the energy, manufacturing, renewable energy, and transportation industries. With a headquarter in the United States and employing over 2,000 people worldwide, the company has become a TS-16949 and ISO9001 certified supplier of advanced lithium-ion cells and systems. In 2012, A123 Systems secured a significant $50.00M Post-IPO Equity investment, further solidifying its position as a leading player in the energy storage industry. The company's field-proven battery systems operating in various vehicles worldwide, from passenger cars to commercial transit buses, showcase their dedication to delivering premium performance in the field.

Business keywords: lithium-ion batteries, energy storage solutions, Nanophosphate technology, battery systems management, operational excellence, global manufacturing facilities, engineering breakthroughs, commercialization, battery integration, electric vehicles, innovative technologies, market demand

Funding Rounds & Investors (10)

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Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $50.00M -
07 Jun 2012
Grant $2.86M -
16 Dec 2009
Grant $249.00M 1
US Department of Energy
05 Aug 2009
Series F Undisclosed 1
DTE Energy Ventures
01 Jun 2009
Series E $69.00M 2
Armilar Venture Partners, General Electric
13 Apr 2009
Series D $30.00M 8
Qualcomm, Sequoia Capital +6
01 Oct 2007
Series C $40.00M 10
Qualcomm, Sequoia Capital +8
25 Jan 2007
Series B $30.00M 10
OnPoint Technologies, Qualcomm +8
01 Feb 2006
Series A $32.00M -
01 Nov 2005
Series A $5.00M 1
Qualcomm Ventures
01 Nov 2002

A123 Systems Alternatives & Competitors

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A123 Systems vs
Lithium Werks
Lithium Werks The Netherlands

Power. Safety. Life.

91 employees
Energy, Renewable Energy
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A123 Systems vs
Fortress Power
Fortress Power United States

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FAQ About A123 Systems

Worldwide leader in complete lithium-ion energy storage solutions
A123 Systems was founded in 2001.
A123 Systems is headquartered in Novi, United States.
A123 Systems operates in Energy, Manufacturing, Renewable Energy, Transportation and Energy Storage. Its work centres on lithium-ion batteries, energy storage solutions, Nanophosphate technology and battery systems management.
A123 Systems has approximately 586 employees.
A123 Systems has completed 10 funding rounds, raising a total of $507.86M. The latest funding stage is Post-IPO Equity.
Top alternatives and competitors to A123 Systems include Lithium Werks, South 8 Technologies, Fortress Power, K2 Energy, Sanvaru Technology Ltd. Power Forever. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
A123 Systems and Lithium Werks are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for A123 Systems, https://bouncewatch.com/company/a123-systems, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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