Boston-Power raises $55M
Boston-Power has been in the news quite a bit lately. Today they announced that they raised $55M in new capital. This comes on the heels of their announcement that HP is their first customer of laptop batteries.
The new capital will fuel the expansion of their manufacturing capacity. It's incredible that they were able to raise money in this environment, but that's also a reflection on the quality of the opportunity. They are playing a high-stakes game, and with $125M of capital raised since the start of the company, they are poised for a large win in a huge and critical market.
This is the third new year in a row where Boston-Power was able to start off with a successful financing. A great way to get a new year underway!