A123 Systems
Team size: 201 - 500
Sector: Transportation and mobility
About A123 Systems
Founders: Bart Riley, Ric Fulop, Shazad Butt, Yet-Ming Chiang
Founded date: 2001
Connect: a123systems.com
Company revenue: US$ 100 - 500 million
Investors: General Electric, Motorola Solutions, Procter & Gamble Company, Sequoia Capital, US Department of Energy
Company stage: Other
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).