Company profile: A123 Systems
1.1 - Company Overview
Company description
- Provider of lithium-ion batteries and battery systems for transportation, electric grid, and commercial markets, leveraging patented Nanophosphate electrode technology. Offerings include EV, HEV/PHEV, 12V and 48V battery systems, residential energy storage, and power generation storage integrating with renewables to optimize output, emphasizing safety, high power, long endurance, and modular, expandable capacity.
Products and services
- Power Generation Energy Storage: A123 produces grid-scale lithium-ion storage systems integrating with renewables to optimize power output and support carbon neutrality, using low-impedance Nanophosphate electrodes with higher voltage and lower cost/watt and cost/watt-hour
- HEV/PHEV Battery Systems: A123 architects high-power lithium-ion battery systems for hybrid and plug-in hybrids, delivering long endurance and safety using Nanophosphate electrode designs with higher voltage and lower cost per watt and watt-hour
- EV Battery Systems: A123 engineers automotive-grade lithium-ion battery systems for passenger and commercial vehicles, emphasizing stability and safety, using low-impedance Nanophosphate electrodes with higher voltage and lower cost/watt and cost/watt-hour
Key contacts
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Financial details
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1.2 - Competitors and similar companies to A123 Systems
Weev
HQ: United Kingdom
Website
- Description: Provider of electric vehicle (EV) charge point operations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Hydrogen Mem-Tech
HQ: Norway
Website
- Description: Provider of patented palladium hydrogen separation and purification technology with carbon capture, converting bio- and natural gases into ultra-pure hydrogen for fuel cells and industrial processes. Solutions for transport (vehicles, trucks, buses, trains, ships), steel decarbonization and hydrogen recovery, methanol and ammonia production using smaller, decentralized units, and biogenic hydrogen upgrading.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Form Energy
HQ: United States
Website
- Description: Provider of low-cost, long-duration, grid-scale energy storage, featuring an Iron-Air Battery that stores wind and solar energy for up to 100 hours to make renewables dispatchable and support a stable electric grid. Services include battery design and engineering, full-scale validation and testing, pilot and commercial-scale manufacturing, and electrochemical battery performance R&D.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Evolectric
HQ: United States
Website
- Description: Provider of electrified transportation solutions, offering EV conversion kits for commercial fleets with e‑powertrain warranty and ongoing service; fleet electrification support including fleet intelligence, charging infrastructure, vehicle financing and insurance; battery consulting, engineering, rapid prototyping and supply chain management; charging strategies for depots and fast chargers; certified installation, training and maintenance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Giga Storage
HQ: The Netherlands
Website
- Description: Provider of large-scale sustainable battery energy storage systems (BESS) and projects that store electricity, connect to grids, wind farms and solar fields to prevent grid congestion and stabilize the grid. Offerings include GIGA Rhino, Buffalo, Giraffe, and the developing Leopard park, plus development, management and investment in storage projects across Europe.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for A123 Systems
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to A123 Systems
2.2 - Growth funds investing in similar companies to A123 Systems
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4 - Top valuation comps for A123 Systems
4.2 - Public trading comparable groups for A123 Systems
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