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Boston Power, a 3-year-old startup that makes rechargeable lithium-ion batteries for laptops, has secured a major laptop customer: Hewlett Packard (s HPQ). Under terms of the deal, HP will sell Boston Power’s more energy-efficient, longer-lasting batteries as a premium upgrade for its laptops. Boston Power wouldn’t divulge how much the added cost would be for the greener battery — called Sonata technology, and branded “HP Enviro Series” for HP — but HP told the WSJ that it would be around $20 or $30 extra.
Boston Power thinks the upgrade will be well worth it for customers. The company says Sonata lasts for three years, runs for about four hours on a charge and that the charge fades less than comparable lithium-ion batteries. HP’s massive marketshare is a game-changing win for such a young company, and Boston Power CEO Christina Lampe-Onnerud tells us that the last three years of hard work are culminating in this deal.
While this is Boston Power’s first major deal, Onnerud hopes that potentially next year the Sonata batteries will be the standard option sold for laptops with other partnerships. Onnerud also said that the startup recently created a transportation 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 Partners.