Loading organizations...
Boston Power is a technology company.
Boston Power develops and manufactures advanced lithium-ion battery cells, blocks, modules, and systems. Their primary offerings, Swing® and Sonata®, provide solutions for diverse applications, emphasizing extended longevity, rapid charging capabilities, enhanced safety, and environmental sustainability. The company's technology is designed to serve high-demand sectors such as electric vehicles and grid-scale energy storage, alongside portable power and industrial uses.
The company was established in 2005 by Christina Lampe-Onnerud, an expert in battery technology. Her founding insight stemmed from the critical market need for higher-performance, more reliable, and safer lithium-ion battery solutions that could meet the evolving demands of both consumer and industrial applications, particularly in the nascent electric vehicle sector.
Boston Power’s products are utilized across various industries, including automotive for Battery Electric and Plug-In Hybrid Electric Vehicles, large-scale utility energy storage, and a wide array of portable power and industrial equipment. The company envisions enabling a new era of energy storage through its advanced battery platforms, driving forward cleaner energy solutions and improved operational efficiency in its target markets.
Boston Power has raised $348.0M across 8 funding rounds.
Boston Power has raised $348.0M in total across 8 funding rounds.
Boston Power has raised $348.0M in total across 8 funding rounds.
Boston Power's investors include GSR Ventures, Foundation Asset Management, Oak Investment Partners, Sonny Wu, Richard Nilsson, Bandel Carano, Norwest Venture Partners, Relay Ventures, Gabriel Venture Partners, anthony Evnin, MassVentures, Azolla Ventures.
Boston-Power is an energy storage technology company specializing in lithium-ion battery engineering and manufacturing for electric vehicles (EVs), energy storage systems (ESS), and applications in industrial, consumer, medical, and military sectors.[1][2] It develops high-energy-density batteries with nickel-based cathode chemistry, offering advantages like wide operating temperature range, long life, and enhanced safety, primarily serving EV manufacturers and industries needing reliable power solutions.[1][5] The company solves challenges in battery performance, such as energy density and durability, though it faced setbacks including reduced operations by 2017.[4]
Boston-Power was founded in January 2005 by Christina Lampe-Onnerud and is headquartered in Boston, Massachusetts, as a privately owned lithium-ion battery manufacturer.[1] Lampe-Onnerud's background in battery technology drove the company's focus on innovative nickel-based cathode materials and cell designs for diverse applications, from portable electronics to EVs and stationary storage.[1] Early traction included a 2016 interview highlighting its technology for high energy density and safety, positioning it as a promising startup in Massachusetts' energy-tech scene, though it later scaled back its Westborough presence amid challenges.[1][4]
Boston-Power rode the early 2000s surge in lithium-ion advancements amid rising demand for EVs and renewable energy storage, capitalizing on needs for safer, higher-density batteries.[1][3] Its timing aligned with the pre-2010s EV boom, influencing Massachusetts' startup ecosystem as a high-profile energy-tech player before operational cuts in 2017.[4] Market forces like EV adoption and ESS growth favored its tech, but competition from scaled manufacturers likely pressured it; the company contributed to battery innovation discussions without dominating the ecosystem long-term.[1][2]
Boston-Power's legacy lies in pioneering safer lithium-ion tech for EVs and beyond, but post-2017 downsizing suggests limited current momentum—its website remains active, hinting at persistence.[1] Next steps may involve niche consulting or revival amid ongoing battery demands from EVs and ESS, shaped by trends like solid-state batteries and supply chain localization.[2][5] Its influence could evolve through alumni impact or tech licensing, underscoring how early innovators fuel broader energy storage progress despite commercial hurdles.
Boston Power has raised $348.0M across 8 funding rounds. Most recently, it raised $30.0M Other Equity in December 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 22, 2011 | $30.0M Other Equity | GSR Ventures | Foundation Asset Management, Oak Investment Partners |
| Sep 20, 2011 | $125.0M Other Equity | Sonny Wu | Richard Nilsson, Bandel Carano |
| Jun 1, 2010 | $60.0M Series E | Norwest Venture Partners, Relay Ventures, Foundation Asset Management, Gabriel Venture Partners, Bandel Carano, anthony Evnin | |
| Jun 4, 2009 | $9.0M Grant | MassVentures | |
| Dec 1, 2008 | $55.0M Series D | Azolla Ventures, Norwest Venture Partners, Relay Ventures | |
| Dec 1, 2007 | $45.0M Series C | Azolla Ventures, Norwest Venture Partners, Relay Ventures | |
| Jan 1, 2007 | $16.0M Series B | Azolla Ventures, Norwest Venture Partners, Relay Ventures | |
| Nov 1, 2006 | $8.0M Series A | Azolla Ventures |