Boston-Power, Inc., a rapidly growing provider of first-to-market portable power solutions, has announced $45 million in new funding. The Series C round was led by Oak Investment Partners and included existing blue-chip investors Venrock Associates, Granite Global Ventures and Gabriel Venture Partners.
Boston-Power will use the new capital to scale business development, marketing, research and development, and manufacturing operations to meet strong global demand for Sonata – the company’s next-generation Lithium-ion battery technology. Sonata initially targets notebook computers. Eventually, the company’s products could be used to power an extensive range of end-applications – from consumer electronics devices to hybrid electric vehicles.
Boston-Power also announced today a manufacturing partnership with GP Batteries. GP Batteries is the number one battery manufacturer in Asia outside Japan and the tenth largest battery manufacturer in the world.
Boston-Power
