About A123 Systems
A123 Systems is a company based in Hangzhou (China) founded in 2001. A123 Systems has raised $201.26 million across 12 funding rounds from investors including Procter & Gamble, Qualcomm and Motorola Solutions. The company has 886 employees as of December 31, 2022. A123 Systems has completed 1 acquisition, including Hymotion. A123 Systems operates in a competitive market with competitors including Microvast, Contemporary Amperex Technology, Forsee Power, Solid Power and StoreDot, among others.
- Headquarter Hangzhou, China
- Employees 886 as on 31 Dec, 2022
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$201.26 M (USD)
in 12 rounds
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Latest Funding Round
$50 M (USD), Post-IPO
May 24, 2012
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Investors
Procter & Gamble
& 10 more
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Employee Count
886
as on Dec 31, 2022
- Investments & Acquisitions
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Funding Insights of A123 Systems
A123 Systems has successfully raised a total of $201.26M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $50 million completed in May 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in A123 Systems
A123 Systems has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Procter & Gamble, Qualcomm and Motorola Solutions.
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Armilar Venture Partners is focused on early-stage tech investments.
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US focused seed to growth stage VC firm
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Sequoia Capital is engaged in venture capital investments.
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Investor details for A123 Systems
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Investments & Acquisitions by A123 Systems
A123 Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hymotion.
Investment portfolio details for A123 Systems
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Single person blog focusing on travelling, gardening, gaming, and other related topics
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Complete acquisition details for A123 Systems
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Financial Statements - A123 Systems
Detailed financials for A123 Systems
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A123 Systems Comparisons
Peer comparison for A123 Systems
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Competitors of A123 Systems
A123 Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Microvast, Contemporary Amperex Technology, Forsee Power, Solid Power and StoreDot, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Lithium-ion batteries for multi-category electric vehicles are developed.
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Comprehensive solutions for electric vehicles and energy storage are provided.
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Lithium battery systems for electric vehicles and gadgets are manufactured.
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Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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Detailed competitors of A123 Systems
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Latest news on A123 Systems
Complete news archive for A123 Systems
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Frequently Asked Questions about A123 Systems
A123 Systems was founded in 2001 and raised its 1st funding round 4 years after it was founded.
A123 Systems is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
A123 Systems is a funded company, having raised a total of $201.26M across 12 funding rounds to date.
As of Dec 31, 2022, the latest employee count at A123 Systems is 886.
A123 Systems was founded in 2001 and is based in Hangzhou, China. Lithium-ion batteries for automotive applications, including motorsports and commercial vehicles, are produced by the company. Services are also extended to industrial sectors. Operations focus on the energy storage sector, with products designed for high-performance and reliability in transportation and related fields.
A123 Systems's top competitors include Microvast, Solid Power and Forsee Power.
A123 Systems has made 1 acquisition, including Hymotion.
A123 Systems has 11 investors. Key investors include Procter & Gamble, Qualcomm, Motorola Solutions, General Electric, and DOE.