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boston-power

Boston Power moves ahead by moving to China

Battery maker Boston Power is shifting its operations to China to capitalize on the electric-vehicle market.

The Westborough, Mass.-based company today announced that it has raised $125 million from Chinese venture capital firm GSR Ventures as part of an expansion into China. In addition to the private equity, the company is receiving grants, low-interest loans, and other incentives from the Chinese government, which will lead to construction of a large-scale battery manufacturing plant.

By the end of next year, the 400-megawatt-hour-per-year plant will be capable of making enough lithium ion batteries for about 10,000 all-electric cars a year, … Read more

Struggling Saab finds partner on electric vehicles

Lithium-ion battery manufacturer Boston-Power and Swedish automaker Saab are collaborating on a zero emissions version of the Saab 9-3, both companies announced Wednesday.

The ZE Saab 9-3 (ZE for zero emissions) would be an all electric vehicle with a Boston-Power battery.

Many may wonder why Boston-Power would get involved with the struggling, for-sale Saab. But for the Massachusetts-based battery manufacturer, which has been trying to get into transportation batteries, the partnership makes sense, considering its associations.

In January 2009, Boston-Power received $55 million in series D funding from a group led by Foundation Asset Management, the investment arm of a … Read more

Boston Power plans battery plant for cars, laptops

Battery company Boston Power thinks it can bring electric car battery manufacturing to the U.S. with some help from government stimulus funds.

The Westborough, Mass.-based company on Monday is scheduled to hold a press event in nearby Auburn where it plans to build a factory to make lithium-ion batteries for laptops and electric vehicles.

Construction of the facility, which used to be a distribution center for a clothing retailer, is contingent on a grant from the U.S. Department of Energy's advanced battery and cell manufacturing grant program.

Boston Power has applied for $100 million in the … Read more

HP now sells Boston Power Enviro laptop batteries

Hewlett Packard on Monday said that its long-lasting Enviro laptop batteries from Boston Power are available with a three-year warranty.

The batteries costs $149.99 and fit 18 of HP's laptops. They can be purchased online now and will be available in stories later this month.

HP has branded Boston Power's Sonata batteries under the Enviro name to emphasize the environmental attributes. With a longer-lasting battery, consumers need to upgrade less often, which reduces the number of batteries that need to be recycled, HP said in a statement.

Last year, an HP representative estimated the Enviro line costs … Read more

Battery maker Boston-Power fills coffers to expand

Laptop battery maker Boston-Power on Wednesday said it has raised $55 million to expand its manufacturing, and develop lithium ion batteries for transportation and potentially other applications.

The Series D round was led by Foundation Asset Management, the investment arm of a Swedish foundation, along with existing investors Oak Investment Partners, Venrock, GGV Capital, and Gabriel Venture Partners. Altogether, 4-year old Boston-Power has raised $125 million.

Boston-Power's first product a long-lasting battery called Sonata, is available for Hewlett-Packard laptops. While the run time of current laptop batteries starts to degrade after about 150 charges, the Sonata can go for … Read more

HP laptops to sport long-lasting 'Enviro' batteries

Hewlett-Packard early next year will begin offering a new line of "Enviro" batteries for laptop users who want to upgrade to longer-lasting and more sustainably designed batteries.

HP and Boston Power have been testing the Sonata lithium-ion batteries for three years. The batteries were designed specifically for laptop use. After three years of use, the batteries will be able to keep 80 percent of their initial charge.

Laptop battery time typically starts to drop significantly after 150 or so charges, or cycles. Boston Power says that its batteries can be charged 1,000 times and get "like … Read more

Boston-Power readies long-lasting laptop batteries

Upstart Boston-Power is within months of having its long-lasting batteries shipped in notebook PCs, as it eyes expansion into portable power packs and electric cars.

The three-year-old company says its Sonata batteries are able to recharge to 80 percent capacity in 30 minutes, versus two hours to get to a 90 percent charge in conventional notebook batteries. And Boston-Power's batteries can be recharged 1,000 times before their performance starts to wane, versus 150 times in today's laptops, according to founder and CEO Christina Lampe-Onnerud. Typically, the amount of computing time that a laptop battery supplies goes down … Read more