Boston-Power Eyes Batteries for Plug-in Hybrids

Notebook battery maker now plans to move into making large format lithium-ion batteries that could be used in plug-in hybrid cars.

Published: 04-Jan-2008

It looks like it will be a busy year for Boston-Power.

The lithium-ion battery maker has raised $45 million in a third round of funding. It also has signed its second contract manufacturing deal, an agreement with China's GP Batteries, which will give it the capacity to churn out a million batteries a month by the end of 2008. In all, Boston-Power has raised more than $68 million in funding.

Hewlett-Packard plans to release a notebook sporting one of Boston's Sonata batteries this year, and other large computer makers are currently in the final testing phases with the Sonata, Boston-Power CEO Christina Lampe-Onnerud said in an interview. (Last year, HP was still testing the battery.)

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