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A123 Raises $30 Million

A123Systems, a Watertown, Mass.-based maker of lithium-ion batteries, has raised $30 million in Series D funding. The company has now raised $132 million in total funding. Backers include General Electric, Procter & Gamble, Alliance Capital, Motorola, Qualcomm, North Bridge Venture Partners, Sequoia Capital, CMEA Ventures, FA Technology Ventures, OnPoint, Carruth Management, the Massachusetts Institute of Technology and board chairman Desh Deshpande.

A123Systems, developer and producer of patent-pending Nanophosphate