A123Systems Adds $30M for Battery Tech
October 22, 2007, 8:27 pm EST
When a company is developing battery technology for eco-chic plug-in hybrid vehicles (including work on converted plug-in Priuses), it’s not hard to become a well-known name in the cleantech industry. And being high-profile is helpful when it comes to raising funding — this afternoon the six-year-old Watertown Mass.-based company A123Systems said it’s raised another round of $30 million, in part to increase production capacity of its lithium ion battery technology for hybrid, plug-in hybrid and extended-range electric vehicles.
