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Summary:

Venture capitalists have plugged a massive $45 million into a Westborough, Mass.-based battery maker Boston-Power. The three-year-old startup’s rechargeable lithium ion batteries for laptops take an energy-efficient, traditional stance on being greener — the company says that compared to traditional batteries, which keep their full power […]

sonatabattery11.jpgVenture capitalists have plugged a massive $45 million into a Westborough, Mass.-based battery maker Boston-Power. The three-year-old startup’s rechargeable lithium ion batteries for laptops take an energy-efficient, traditional stance on being greener — the company says that compared to traditional batteries, which keep their full power for a half a year or so, its Sonata “next-generation” lithium ion keeps full power for a good three years.

This was the company’s Series C funding; it was led by Oak Investment Partners, with participation from Venrock, Granite Global Ventures and Gabriel Venture Partners. Boston-Power has now raised more than $68 million.

CEO Christina Lampe-Onnerud tells us that the company just started production of its battery packs at the end of 2007, and raised funding to help the company meet the orders of its laptop maker customers. The company is tripling production of Sonata, and is working with Hewlett-Packard.

Given the TSA’s new rulings on size and travel requirements of lithium batteries, and a lot of media discussion over the years about exploding batteries, we asked Lampe-Onnerud what she thought about the safety concerns of her industry. Lampe-Onnerud says that all the discussion over the safety of lithium batteries in the media has been “doing the consumer right,” and has effectively pushed battery makers to be very strict about the safety of their products.

On the safety of Boston-Power’s Sonata, Lampe-Onnerud says the company has fail-safe mechanisms that shut it down in various circumstances — like, say, when it’s placed next to a barbeque.

The battery is a premium product, so the company’s laptop manufacturer partners will be paying slightly more for it than traditional batteries. That could be the sticking point for a large laptop maker focused on cutting costs. But we’re waiting for the battery to be available in many more laptops this year, so we can start using it on that flight from San Francisco to New York.

By Katie Fehrenbacher

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  1. [...] be moderating will include Christina Lampe-Onnerud, CEO of rechargeable lithium-ion battery maker Boston Power; Peng Lim, CEO of micro fuel cell company MTI; Regan Warner-Rowe, head of business development for [...]

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  2. [...] graced our pages: kinetic power startup M2E Power, Hymini (wind, solar chargers), more-efficient lithium ion battery company Boston Power, fuel cell company MTI, and solar charger makers Better Energy Systems (makers of [...]

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  3. Green energy is definitely the best solution in most cases. Technology like solar energy, wind power, fuel cells, zaps electric vehicles, EV hybrids, etc have come so far recently. Green energy even costs way less than oil and gas in many cases.

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  4. Is Boston Power a public traded company? If so can you send me the ticker symbole to RRRakathurlo@aol.com Thank-You.

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  5. [...] division to explore how the lithium ion batteries could be used for vehicles. Boston Power is backed by a total of $70 million from Oak Investment Partners, Venrock, GGV Capital, and Gabriel Venture [...]

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  6. [...] rechargeable cell industry — an area increasingly populated with startups, including Seeo, Boston-Power, Z-Power and ActaCell — and production of batteries for hybrid and electric vehicles to [...]

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  7. AHHA Great post!! I just add this to my bookmarks. Thank You ^_^

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  8. i would like to know if boston power is a publicly traded stock?

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