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A123 Systems
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Short description

Developer and manufacturer of lithium-ion batteries for electric vehicle and other uses

Founded in 2001
Founded in

Company type Public Public (AONE)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Waltham, MA Waltham, United States
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Parent Companies

Updated by Cleantech Group on 06/15/2023

Traction
  • 1 M&A items
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Customers
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Date Company
07/23/2012

Ray Power Systems Ray Power Systems

A123 will supply a 2MW grid energy storage system for Ray Power Systems.

Confirmed by Ray Power Systems

Partnerships
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Date Partner Type
07/27/2020
Volkswagen Volkswagen
Wanxiang A123 will supply approximately $1.4 billion worth of batteries to Volkswagen for its electric car models in China. Wanxiang A123 will be the third battery supplier to Volkswagen Group in China, following in the footsteps of CATL and Guoxuan.
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Confirmed by Volkswagen
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Investment Rounds
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IPO INFORMATION

Date

09/22/2009

IPO status

Listed

IPO Type

IPO

Amount

$380M

Initial shares

28180501

Ticker symbol

AONE

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

Date Investors Type Amount
05/11/2012 Wanxiang Group Wanxiang Group (1)
Post-money valuation of
A123 has raised $50 million in bankruptcy financing through unsecured convertible notes and warrants.
Structured Debt $50,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

12V Lithium Ion Starter Battery

Standard lead acid replacement for all vehicle types.

Wide Commercial Availability
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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