Boston-Power production long-lasting battery
Boston-Power says that it's poised to enter the market for portable power, with a notebook battery the company claims is safer, lasts longer, and can be charged faster. The West borough, MA, start up recently announced that it is more than tripling production of its high-performance battery, called the Sonata, after receiving $45 million in a third round of venture financing. The move puts the company in a position to mass-produce and commercialize its next-generation lithium-ion battery within months.
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Staying power: Boston-Power |
Oak Investment Partners, based in Westport, CT, provided this latest infusion of capital, building upon earlier investments by Venrock Associates, Granite Global Ventures, and Gabriel Venture Partners.
Although the Sonata will not offer greater energy capacity per use--with a four-hour run time, its performance will be average for the market--the company hopes that the battery's three-year life span, innovative safeguards, and ability to recharge quickly will help it gain a foothold in the battery market. As opposed to existing notebook batteries, which can take an hour to recharge to 80 percent capacity, the Sonata can reach that same level in just 30 minutes, according to Boston-Power. And whereas current batteries degrade very quickly, permanently losing up to 50 percent of their capacity within months, the Sonata retains up to 80 percent of its capacity over three years. In fact, since the typical laptop battery tends to degrade very rapidly, the Sonata will have a greater per-use capacity in the long run.
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