About A123 Systems
A123 Systems is a Transportation, Automotive & Logistics company based in Hangzhou (China) founded in 2001. Lithium-ion batteries for automotive and industrial uses are manufactured. It operates in the Transportation, Automotive & Logistics, Energy & Utilities, and Technology sectors. 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. A123 Systems has completed 1 acquisition, including Hymotion. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion.
Company details
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.
- Headquarters Hangzhou, China
- Employees 886
- Stage Public
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities Technology
- Email••••••••
- Phone•••• ••••
- Website a123systems.com
- Social LinkedIn X
- Total Equity Funding$201.26M (USD)
in 12 rounds
- Latest Funding Round$50M (USD), Post-IPO
May 2012
- InvestorsProcter & Gamble
& 10 more
- Employee Count886
- Investments & Acquisitions
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 $201.26M
- Total Rounds 12
- Last Round Post-IPO — $50M
- First Round $32M
(Nov 2005)
- Investors Count 11
Latest 10 of 12 funding rounds of A123 Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2012 | $50M | Post-IPO | – | – | – |
| Aug 2010 | $2.9M | Grant | – | – | |
| Dec 2009 | $2.86M | Grant | – | – | – |
| Dec 2009 | $2.76M | Grant | – | – | |
| Dec 2009 | $133.3M | Grant | – | – | |
| Sep 2009 | $1.98M | Grant | – | – | |
| Aug 2009 | $249M | Grant | – | – | |
| Apr 2009 | $69.26M | Series E | – | General Electric | |
| Oct 2007 | $30M | Series D | – | – | |
| Jan 2007 | $40M | Series D | – | – | – |
11 investors in total: 11 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Armilar Venture Partners is focused on early-stage tech investments. | armilar.com | Lisboa, Portugal | ||
US focused seed to growth stage VC firm | northbridge.com | Needham, United States | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States | |
Offers equipment leasing and financing to venture-backed and emerging growth firms. | 1992 | alliancecapitalventures.com | Philadelphia, United States | |
Provider of cloud and AI-based cellular communication ICs | 1985 | qualcomm.com | San Diego, United States | |
Communication technology provider | 1928 | motorolasolutions.com | Chicago, United States | |
Provider of FMCG conglomerate products | 1837 | pg.com | United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for A123 Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by A123 Systems
A123 Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hymotion.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Single person blog focusing on travelling, gardening, gaming, and other related topics | hymotion.com | San Mateo, United States | 2005 | Feb 2007 | •••• |
Complete acquisition details for A123 Systems
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of A123 Systems
5 dated milestones of A123 Systems across 11 years, from founding to its latest funding, stage changes and deals.
- Founded A123 Systems is founded.
- Funding First funding round of $32.0M.
- Acquisition Acquires Hymotion.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $50.0M.
Web traffic of A123 Systems
The website of A123 Systems (a123systems.com) receives about 8.3K visits a month.
- Monthly visits8.3K
▼ 9.4% vs previous month
Websites whose visitors overlap most with A123 Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| boston-power.com | 97% | View details | |||
| buya123products.com | 75% | 4.9K | #4,109,970 | View details | |
| elithion.com | 69% | #8,304,553 | View details | ||
totalpower-racingbatteries.com | totalpower-racingbatteries.com | 68% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for A123 Systems
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about A123 Systems
Complete news archive for A123 Systems
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Series D of $40M, raised on Nov 2005.
A123 Systems has 886 employees.
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 has made 1 acquisition, including Hymotion.
A123 Systems has 11 investors. Key investors include Procter & Gamble, Qualcomm, Motorola Solutions, General Electric, and DOE.