MIT spinoff, backed by North Bridge, GE, Qualcomm and Motorola, eyes $175 million offer.
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CMEA-led funding round will help A123 increase production capacity as co-developer of the battery for the planned Chevy Volt plug-in hybrid.
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Lithium-ions get a new life in a new market, as power tools seek more power and portability.
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A new lithium-ion battery from startup A123Systems promises five times as much power for 10 times as long as competitors.
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