B456 Systems, Inc. (extinct)

B456 Systems, Inc. (extinct)

B456 Systems, Inc. (extinct)

Overview
Date Founded

2001

Headquarters

200 West Street, Waltham, MA, 02451, USA

Type of Company

Private

Employees (Worldwide)

1,983

Industries

Electrical Products

Company Description

B456 Systems, Inc., formerly known as A123 Systems, Inc., designs, develops, manufactures and install multi-megawatt battery systems with integrated power electronics and smart grid control systems that provides electric and ancillary services such as standby reserve capacity and regulation services. The company develops batteries and battery systems for hybrid electric vehicles, plug-in hybrid electric vehicles and electric vehicles. It also provides energy storage solutions that improve the reliability and efficiency of the electric power grid and help to integrate renewable sources of power generation. The company's energy solutions group offers a variety of fully-packaged systems as well as sub-module building blocks for battery system development. It was founded by Yet-Ming Chiang, Gilbert N. Riley Jr. and Ric Fulop on October 19, 2001 and is headquartered in Waltham, MA.

Contact Data
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Executives & Employees

Chief Executive Officer

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Recent Transactions
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Wanxiang America Corporation, Wanxiang Group Corp. purchase B456 Systems, Inc.

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Navitas Systems LLC (Illinois) purchases A123 Systems, Inc. /Government Business from B456 Systems, Inc.

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B456 Systems, Inc. raised money in a private placement transaction

Transaction Advisors
Underwriter

Advised onB456 Systems, Inc. issued USD Common Stock

Escrow Agent

Advised onB456 Systems, Inc. issued USD Common Stock

Auditor

Advised onB456 Systems, Inc. issued USD Common Stock

Legal Advisor

Advised onWanxiang America Corporation, Wanxiang Group Corp. purchase B456 Systems, Inc.

Public Relations

Advised onWanxiang America Corporation, Wanxiang Group Corp. purchase B456 Systems, Inc.

Partner

Advised onWanxiang America Corporation, Wanxiang Group Corp. purchase B456 Systems, Inc.

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Perkins Coie LLP

Key Stats and Financials As of
Market Capitalization
$9.84M
Total Enterprise Value
Earnings Per Share
Non-Profit Donations & Grants
Investments
Details Hidden

Karma Automotive LLC designs, produces and distributes electric vehicles with extended range. It offers hybrid electric cars under the Karma brand name. the firm also manufactures automobiles with hybrid electric engines. The company was founded in August 2007 by Bernhard Koehler and Henrik Fisker and is headquartered in Costa Mesa, CA.

Investors
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Former Director-Production Division at E-One Moli Energy Corp.

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Chief Financial Officer & Vice President, Finance & Administration at Digital Lumens, Inc.

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Co-Founder at B456 Systems, Inc.

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