Battery maker A123 Systems is off to a blistering 2007. Earlier in the year, General Motors said it would evaluate the company's lithium ion batteries for its coming Saturn Green Line Vue hybrid.
This week, the company announced it has received $40 million in venture funds from, among others, General Electric and Procter and Gamble.
So far, the company has raised $102 million.
Being a battery maker a few years ago was no bargain. Battery technology improves about six to seven percent a year, slow by Silicon Valley standards. And they are batteries for god's sakes. Mention that … Read more