January 19, 2009
Boston-Power Lands $55M
Westborough-based Lithium-ion battery maker Boston-Power Inc. has brought in $55 million in new venture funding.
The company, which recently announced that it would bring its Sonata line of batteries for notebook PCs to market with computer giant HP, said the new financing would fund growth in manufacturing, sales, marketing and research and development.
Since its founding in 2005, Boston-Power has received $125 million in venture funding.
The latest is the company’s “D” round and was lead by Foundation Asset Management and also included Oak Investment Partners, Venrock, GGV Capital and Gabriel Venture Partners.
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