A123 Systems Overview

  • Year Founded
  • 2001

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,983

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $142M

  • Investors
  • 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

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Venture Capital-Backed
Primary Industry
Electronics (B2C)
Other Industries
Alternative Energy Equipment
Parent Company
Wanxiang Group
Corporate Office
  • 855, Jianshe No. 2 Road
  • Xiaoshan District
  • Hangzhou, Zhejiang
  • China
+86 0571 0000 0000

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

A123 Systems Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
18. Later Stage VC 29-Mar-2022 $142M 00000 Completed Generating Revenue
17. Merger/Acquisition 29-Jan-2013 00000 0000 00000 Completed Generating Revenue
16. Bankruptcy: Admin/Reorg 17-Oct-2012 0000 Completed Bankruptcy: Admin/Reorg
15. Bankruptcy: Admin/Reorg 03-Oct-2012 Cancelled Generating Revenue
14. PIPE 12-Jul-2012 0000 00000 Completed Generating Revenue
13. Debt - General 06-Jun-2012 0000 00000 Completed Generating Revenue
12. IPO 24-Sep-2009 00000 00000 00.000 Completed Generating Revenue
11. Grant 01-Aug-2009 00000 00000 Completed Generating Revenue
10. Later Stage VC (Series F) 24-Jun-2009 $100M $379M 00000 Completed Generating Revenue
9. Later Stage VC (Series E) 22-Oct-2008 $102M $279M 00000 Completed Generating Revenue
To view A123 Systems’s complete valuation and funding history, request access »

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%
To view A123 Systems’s complete cap table history, request access »

A123 Systems Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of rechargeable lithium-ion batteries and battery systems designed to offer efficient power supply for elec
Electronics (B2C)
Hangzhou, China
1,983 As of 2012
00000
0000000000 0 00000

000000

por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis n
00000000000 (000)
Ottobrunn, Germany

000000

ed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad min
00000000000 (000)
Camarillo, CA
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

A123 Systems Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Panasonic Industry Europe Corporation Ottobrunn, Germany
Lenmar Corporation Camarillo, CA
Electrovaya Corporation Mississauga, Canada 00 000.00 000000000 000.00
Enevate Venture Capital-Backed Irvine, CA 00 00000 00000000000 00000
Northvolt Venture Capital-Backed Stockholm, Sweden 0000 000.00 000000000 00 000.00
You’re viewing 5 of 5 competitors. Get the full list »

A123 Systems Executive Team (20)

Name Title Board Seat Contact Info
Yet-Ming Chiang Ph.D Co-Founder
Robert Johnson Vice President
You’re viewing 2 of 20 executive team members. Get the full list »

A123 Systems Board Members (4)

Name Representing Role Since
Gururaj Deshpande Ph.D Self Chairman 000 0000
You’re viewing 1 of 4 board members. Get the full list »

A123 Systems Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

A123 Systems Former Investors (23)

Investor Name Investor Type Holding Investor Since Participating Rounds 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 Capital Real Estate Minority 000 0000 000000 0
You’re viewing 5 of 23 investors. Get the full list »

A123 Systems Investments & Acquisitions (19)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Alkaid-Semi 21-Nov-2023 00000 0000 Application Specific Semiconductors
Xinguangyi Electronics 27-Dec-2022 00000 0000 000.00 Industrial Chemicals
Keyking Recycling 29-Nov-2022 00000 0000 Environmental Services (B2B)
Fujian Blue Ocean & Black Stone Technology 11-Nov-2022 00000 0000 000.00 Specialty Chemicals
Kuntian New Energy Technology 01-Apr-2022 Early Stage VC 000.00 Specialty Chemicals
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

A123 Systems Subsidiaries (1)

Company Name Industry Location Founded
A123 Venture Technologies Accelerator/Incubator Waltham, MA
To view A123 Systems’s complete subsidiaries history, request access »

A123 Systems Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
Solid Power 13-Oct-2020 00000 00000 00 0000 Completed
  • 9 buyers
Solid Power 13-Sep-2017 000000000 Completed
  • 0000 0000000
Hubei Wanrun New Energy Technology Development 28-Jun-2016 00000 00000 00 Completed
  • 3 buyers
Karma 01-Jun-2010 Later Stage VC 00000 Completed
  • 5 buyers
To view A123 Systems’s complete exits history, request access »

A123 Systems FAQs

  • When was A123 Systems founded?

    A123 Systems was founded in 2001.

  • Who is the founder of A123 Systems?

    Gilbert Riley Ph.D, Ric Fulop, and Yet-Ming Chiang Ph.D are the founders of A123 Systems.

  • Where is A123 Systems headquartered?

    A123 Systems is headquartered in Hangzhou, China.

  • What is the size of A123 Systems?

    A123 Systems has 1,983 total employees.

  • What industry is A123 Systems in?

    A123 Systems’s primary industry is Electronics (B2C).

  • Is A123 Systems a private or public company?

    A123 Systems is a Private company.

  • What is A123 Systems’s current revenue?

    The current revenue for A123 Systems is 000000.

  • How much funding has A123 Systems raised over time?

    A123 Systems has raised $142M.

  • 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.

  • Who are A123 Systems’s competitors?

    Panasonic Industry Europe, Lenmar, Electrovaya, Enevate, and Northvolt are competitors of A123 Systems.

  • When was A123 Systems acquired?

    A123 Systems was acquired on 29-Mar-2022.

  • Who acquired A123 Systems?

    A123 Systems was acquired by Wanxiang Group.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »