A123 Systems Overview
- Year Founded
-
2001
- Status
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Acquired/Merged
- Employees
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1,983
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$142M
- Investors
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4
A123 Systems General Information
Description
Manufacturer of rechargeable lithium-ion batteries and battery systems designed to offer efficient power supply for electronic devices. The company's products are built on nanoscale materials and is designed to deliver high power and energy density, enabling clients to produce devices with increased battery life and safety.
Contact Information
Website
www.a123systems.com(Operating Subsidiary)
Corporate Office
- 855, Jianshe No. 2 Road
- Xiaoshan District
- Hangzhou, Zhejiang
- China
Corporate Office
- 855, Jianshe No. 2 Road
- Xiaoshan District
- Hangzhou, Zhejiang
- China
A123 Systems Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 18. Later Stage VC | 29-Mar-2022 | $142M | Completed | Generating Revenue | ||
| 17. Merger/Acquisition | 29-Jan-2013 | Completed | Generating Revenue | |||
| 16. Debtor-In-Possession | 17-Oct-2012 | Completed | Bankruptcy: Admin/Reorg | |||
| 15. Debtor-In-Possession | 03-Oct-2012 | Cancelled | Generating Revenue | |||
| 14. PIPE | 12-Jul-2012 | Completed | Generating Revenue | |||
| 13. Debt - General | 06-Jun-2012 | Completed | Generating Revenue | |||
| 12. IPO | 24-Sep-2009 | Completed | Generating Revenue | |||
| 11. Grant | 01-Aug-2009 | Completed | Generating Revenue | |||
| 10. Later Stage VC (Series F) | 24-Jun-2009 | $100M | $379M | Completed | Generating Revenue | |
| 9. Later Stage VC (Series E) | 22-Oct-2008 | $102M | $279M | Completed | Generating Revenue |
A123 Systems Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series F | ||||||||
| Series E | ||||||||
| Series D | ||||||||
| Series C | ||||||||
| Series B-1 | ||||||||
| Series B | ||||||||
| Series A-1 | 2,925,000 | $0.001000 | $1.5 | $1.5 | 1x | $1.5 | 4.14% | |
| Series A | 8,312,087 | $0.001000 | $1 | $1 | 1x | $1 | 11.76% |
A123 Systems Comparisons
Industry
Financing
Details
A123 Systems Competitors (38)
One of A123 Systems’s 38 competitors is Fey Elektronik, a Corporate Backed or Acquired company based in Seevetal, Germany.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Fey Elektronik | Corporate Backed or Acquired | Seevetal, Germany | ||||
| Solid Power | Formerly VC-backed | Louisville, CO | ||||
| Contemporary Amperex Technology | Formerly VC-backed | Ningde, China | ||||
| Farasis Energy | Formerly VC-backed | Ganzhou, China | ||||
| Freyr Battery | Formerly PE-Backed | Newnan, GA |
A123 Systems Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
A123 Systems Patents
A123 Systems Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250087700-A1 | Systems and methods for coating cathode active material | Pending | 11-Sep-2023 | ||
| EP-4470048-A1 | Methods and systems for cathode with high structural lithium content | Pending | 15-Apr-2022 | ||
| US-20230335705-A1 | Methods and systems for cathode with high structural lithium content | Pending | 15-Apr-2022 | ||
| JP-2025512462-A | Method and system for cathodes having high structural lithium content | Pending | 15-Apr-2022 | ||
| US-20230238508-A1 | Methods and systems for a lithium-ion battery cell cathode | Pending | 24-Jan-2022 | H01M4/13 |
A123 Systems Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
A123 Systems Former Investors (23)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| AllianceBernstein | Asset Manager | Minority | ||
| Armilar Venture Partners | Venture Capital | Minority | ||
| Arsenal Growth | Growth/Expansion | Minority | ||
| Braemar Energy Ventures | Venture Capital | Minority | ||
| Carruth Capital | Real Estate | Minority |
A123 Systems Investments & Acquisitions (19)
A123 Systems’s most recent deal was a Later Stage VC with Alkaid-Semi. The deal was made on 21-Nov-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Alkaid-Semi | 21-Nov-2023 | Later Stage VC | Application Specific Semiconductors | ||
| Xinguangyi Electronics | 27-Dec-2022 | Later Stage VC | Industrial Chemicals | ||
| Keyking Recycling | 29-Nov-2022 | Early Stage VC | Environmental Services (B2B) | ||
| Fujian Blue Ocean & Black Stone Technology | 11-Nov-2022 | Later Stage VC | Specialty Chemicals | ||
| Kuntian New Energy Technology | 01-Apr-2022 | Early Stage VC | Specialty Chemicals |
A123 Systems Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| A123 Venture Technologies | Waltham, MA |
A123 Systems FAQs
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When was A123 Systems founded?
A123 Systems was founded in 2001.
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Where is A123 Systems headquartered?
A123 Systems is headquartered in Hangzhou, China.
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What is the size of A123 Systems?
A123 Systems has 1,983 total employees.
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What industry is A123 Systems in?
A123 Systems’s primary industry is Electrical Equipment.
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Is A123 Systems a private or public company?
A123 Systems is a Private company.
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What is A123 Systems’s current revenue?
The current revenue for A123 Systems is .
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How much funding has A123 Systems raised over time?
A123 Systems has raised $142M.
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Who are A123 Systems’s investors?
AllianceBernstein, Armilar Venture Partners, Arsenal Growth, Braemar Energy Ventures, and Carruth Capital are 5 of 23 investors who have invested in A123 Systems.
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Who are A123 Systems’s competitors?
Fey Elektronik, Solid Power, Contemporary Amperex Technology, Farasis Energy, and Freyr Battery are some of the 38 competitors of A123 Systems.
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When was A123 Systems acquired?
A123 Systems was acquired on 29-Mar-2022.
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Who acquired A123 Systems?
A123 Systems was acquired by Wanxiang Group.
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