A123Systems aquires more money for Volt battery

$30 million round of funding completed

A123Systems acquired $30 million to continue the development of its patent-pending lithium-ion battery technology which could play a big role in the future success of hybrid cars, plug-in hybrids, and electric vehicles.

Already, A123Systems has a contract with GM to develop batteries for the Chevy Volt plug-in, as well as other E-Flex platform vehicles, of which the Volt is just one variation, one iteration. Thus, If A123 is successful, the future looks, well A+, so I'm sure obtaining funding isn't that hard.