Boston-Power Obtains $30,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c924bc5f-fa0a-404e-960b-042cbef36977&Preview=1
Date
12/22/2011
Company Name
Boston-Power
Mailing Address
2200 West Park Drive Westborough, MA 01581
Company Description
Boston-Power, Inc. is an emerging portable power company answering the call for safer, longer lasting Lithium-ion batteries – today.
Website
http://www.boston-power.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The investment follows Boston-Power’s September 2011 announcement of $125 million in growth capital and Chinese government stimulus programs – comprising a combination of grants, low-interest loans and related financial and tax incentives– and is being used to scale manufacturing, research and development, and business development activities in China for the company’s award-winning energy storage technology and products.
M&A Terms
Venture Investor
GSR Ventures
Venture Investor
Oak Investment Partners
Venture Investor
Foundation Asset Management