A123 Systems
Westborough · Founded 2001
About A123 Systems
Based on new, highly active nanoscale material initially developed at MIT, A123Systems' low impedance Nanophosphate electrode technology provides a competitive advantage over alternative high power technologies. A123's cell and electrode designs lower cost/watt and cost/watt-hour. They have higher voltage than other long-life systems, enabling lower pack cost. Their long life leads to reduced lifecycle and system costs resulting in greater overall price-performance . Competitors include [Valence](http://www.valence.com), [Saft](http://www.saftbatteries.com) and [Lion Cells](http://www.lioncells.com).
Company Facts
- Founded: 2001
- Legal name: A123 Systems LLC
- Operating status: Acquired
- Company type: For Profit
- IPO status: Delisted
- Employees: 1,001 – 5,000
- Estimated revenue: $500K – $1M
- Total funding: $507.9M
- Funding stage: M&A
- Last round: Post-IPO Equity (Jun 2012)
- Website: a123systems.com
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