Boston-Power, the Westborough, MA-based maker of advanced lithium-ion batteries, has increased its Series E funding round from $60 million to $66.4 million, according to a regulatory filing. In June, the firm revealed that existing investors Foundation Asset Management and Oak Investment Partners both led the round, which included investments from previous backers Venrock Associates and Gabriel Venture Partners. The company, which makes long-lasting replacement batteries for Hewlett-Packard, has now raised more than $191 million since it launched in 2005.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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