Thursday, 25 August 2016
Last updated 3 hours ago
Feb 25 2009 | 9:21am ET
Massachusetts-based lithium-ion battery maker Boston-Power has appointed electronics industry executive Max Fang as business advisor. In his new role, Fang will assist Boston-Power with business development, supply-chain operations and government relations.
Fang, founder and managing director of the venture capital firm Maxima Capital Management, has a resume that includes 11 years with Dell, where he helped the company establish and develop its pan-Asian supply chain.
Boston-Power produces a long-lasting, fast-charging, Green-certified rechargeable Lithium-ion notebook computer battery called the Sonata. The battery will first ship next month from HP, whose new Enviro Series Program notebook batteries are based on Sonata.
Last month, Boston-Power announced $55 million in growth capital, bringing total investment to $125 million. The company is using the funds to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata.
Initially targeting notebook computers, Sonata could eventually be used to power a wide spectrum of end applications – from consumer electronics devices to e-bikes, hybrid and electric vehicles (EV/HEV) and other forms of transportation. Early versions of products addressing these markets have already been developed.