Corporation Financing Grant Michigan 
Green Car Congress
APRIL 1, 2010
an Ann Arbor-based developer of next-generation lithium-ion batteries ( earlier post ), has completed a $7-million Series B round of financing. The capital, from new investor Beringea and previous investor Khosla Ventures, will fund the company’s expansion of its Michigan-based research, development and manufacturing capabilities.
Green Car Congress
MAY 31, 2012
million to replace battery modules and packs that may contain defective prismatic cells produced at A123’s Livonia, Michigan manufacturing facility. million related to inventory produced at its Michigan facilities that may be defective. A123 Systems has been the recipient of a number of state and federal grants and tax incentives.
Green Car Congress
DECEMBER 9, 2011
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. In January, Valero invested in Mascoma ( earlier post ). Mascoma, through its subsidiary Frontier, will hold a minority interest.
Green Car Congress
SEPTEMBER 13, 2010
In addition to the DOE grant, the company received $125 million in state incentives from Michigan as part of its 21 st Century Jobs Fund to help finance these manufacturing facilities. The new plant in Livonia, Mich. As part of its continuing US manufacturing ramp up, A123 also plans to open a coating plant in Romulus, Mich.,
Green Car Congress
APRIL 26, 2010
Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. A123 Systems has added more than 50 corporate and research and development jobs in Massachusetts in the last year associated with its expanded US manufacturing capacity in Michigan.
Green Car Congress
SEPTEMBER 22, 2009
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
Tony Karrer Delicious EVdriven
APRIL 19, 2009
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. Developing a domestic car-battery industry should be the focus of both corporations and the U.S. To keep U.S.
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