BUSINESS

A123 Receives Further Capital Infusion. A123Systems (Watertown, MA) a developer of a new generation of lithium-ion nanoscale battery electrodes originally developed at MIT, has received a further $30 million in private equity funding. This current round of funding brings the total investments to $62 million since the company founding in 2001. A123Systems will use this new capital infusion primarily to increase manufacturing capacity and accelerate the development of batteries for hybrid electric vehicles. A123 claims their advanced batteries have the potential to drastically lower the weight and cost of batteries for hybrid electric vehicles. Independent testing at commercial and government research labs also shows A123Systems' battery technology delivers up to ... // 74% Remaining