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A123 Systems

A123 Systems?uq=3Oe4kK1Z
2001 FOUNDED
M&A STATUS
1K-5K EMPLOYEES
M&A LATEST DEAL TYPE
$257M LATEST DEAL AMOUNT
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.

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Electronics (B2C)
Parent Company
Wanxiang Group
Primary Office
  • 39000 Seven Mile Road
  • Livonia, MI 48152
  • United States

+1 (734) 000-0000
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A123 Systems Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
16. Merger/Acquisition 29-Jan-2013 $257M 00000 Completed Generating Revenue
15. Bankruptcy: Admin/Reorg 17-Oct-2012 Completed Bankruptcy: Admin/Reorg
14. PIPE 12-Jul-2012 0000 00000 Completed Generating Revenue
13. Debt - General 06-Jun-2012 0000 00000 Completed Generating Revenue/Not Profitable
12. IPO 23-Sep-2009 00000 00000 00.000 Completed Generating Revenue/Not Profitable
11. Grant 01-Aug-2009 00000 00000 Completed Generating Revenue/Not Profitable
10. Later Stage VC 24-Jun-2009 00000 00000 00000 Completed Generating Revenue
9. Later Stage VC (Series E) 22-Oct-2008 00000 00000 00000 Completed Generating Revenue
8. Later Stage VC (Series D) 05-Mar-2008 $70M $177M 00000 Completed Generating Revenue
7. Later Stage VC (Series C) 23-Oct-2007 $30.5M $107M 00000 Completed Generating Revenue
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A123 Systems Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series F 00,000,000 00.000000 00.0 00.0 00 00.0 00.000
Series E 0,000,000 00.000000 000.00 000.00 00 000.00 00.000
Series D 00,000,000 00.000000 00.00 00.00 00 00.00 00.00
Series C 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series B-1 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series B 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
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%
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A123 Systems Investments & Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 00000 10-Sep-2018 00000 00000 00 0000 Other Equipment 0000 000000
00000 00000 13-Sep-2017 000000000 Other Equipment 0000 000000
0000000 000000000 05-Jan-2017 00000 00000 00 000.00 Energy Storage 0000 000000
000000 000000 16-Jun-2014 000000000000000000 Energy Storage
Karma Automotive 01-Jun-2010 Later Stage VC 00000 Automotive
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A123 Systems Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
00000 0000000000 01-Jun-2010 00000 00000 00 00000 Completed
  • 5 buyers
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A123 Systems Subsidiaries (2)

Company Name Industry Location Founded
Leyden Energy Energy Storage Fremont, CA 2007
0000 0000000 00000 Accelerator/Incubator Waltham, MA
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A123 Systems Former Investors (24)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
AllianceBernstein Asset Manager Minority 000 0000 000000 0
Armilar Venture Partners Venture Capital Minority 000 0000 000000 0
Arsenal Growth Growth/Expansion Minority 000 0000 000000 0
Braemar Energy Ventures Venture Capital Minority 000 0000 000000 0
Carruth Management Real Estate Minority 000 0000 000000 0
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A123 Systems Executive Team (19)

Name Title Board
Seat
Contact
Info
Peter Cirino Chief Executive Officer
Patrick Hurley Ph.D Chief Technology Officer
Sam Trinch Chief Commercial Officer & Executive Vice President of Customer Engagement
Michael O'Kronley Executive Director of Corporate Strategy
Robert Johnson Vice President

13 Former Executives

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A123 Systems Board Members (4)

Name Representing Role Since Contact
Info
Gururaj Deshpande Ph.D Self Chairman 000 0000

3 Former Board Members

You’re viewing 1 of 4 board members. Get the full list »