GM Battery Partner A123 Files for IPO

Schachter, Ken
August 2008
Red Herring;8/8/2008, p3
Trade Publication
The article reports on the initial public offering worth $175 million filed by A123 Systems. The company was able to raise $160.9 million in venture capital from investors including North Bridge Venture Partners, which has a $13.6 percent stake, Qualcomm at 8.8 percent and Motorola 8.5 percent. The company is competing to become the battery producer for the Chevy Volt, a plug-in hybrid seen as crucial to the recovery of automaker General Motors.


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