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
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Net Profit
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EBITDA
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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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $50.0M
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First Round
First Round
(01 Nov 2005)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2012 | Amount | Post-IPO - A123 Systems | Valuation |
investors |
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| Aug, 2010 | Amount | Grant - A123 Systems | Valuation |
investors |
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| Dec, 2009 | Amount | Grant - A123 Systems | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Armilar Venture Partners is focused on early-stage tech investments.
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Founded Year | Domain | Location | |
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US focused seed to growth stage VC firm
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by A123 Systems
A123 Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hymotion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - A123 Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
A123 Systems Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on A123 Systems
Frequently Asked Questions about A123 Systems
When was A123 Systems founded?
A123 Systems was founded in 2001 and raised its 1st funding round 4 years after it was founded.
Where is A123 Systems located?
A123 Systems is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is A123 Systems a funded company?
A123 Systems is a funded company, having raised a total of $201.26M across 12 funding rounds to date. The company's 1st funding round was a Grant of $2.86M, raised on Nov 01, 2005.
How many employees does A123 Systems have?
As of Dec 31, 2022, the latest employee count at A123 Systems is 886.
What does A123 Systems do?
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.
Who are the top competitors of A123 Systems?
A123 Systems's top competitors include Microvast, Solid Power and Forsee Power.
How many acquisitions has A123 Systems made?
A123 Systems has made 1 acquisition, including Hymotion.
Who are A123 Systems's investors?
A123 Systems has 11 investors. Key investors include Procter & Gamble, Qualcomm, Motorola Solutions, General Electric, and DOE.
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