In 2005, MIT grad and soccer mom Christina Lampe-Onnerud launched her company Boston Power in a carriage house at her home in Framingham, Massachusetts.
Her goal: mass produce a cutting edge, next generation battery she had just developed. She raised $125 million from venture capitalists, hired more than a hundred people and planned to hire another 600 and build a factory in Massachusetts to make batteries for electric cars.
She applied for $100 million in Recovery Act stimulus money, but was turned down. Undeterred, Lampe-Onnerud is now planning on building her factory and hiring hundreds of workers. But she'll be doing it in China-- she's getting funding from China's government and private investors to move there.
- Christina Lampe-Onnerud, founder of Boston Power
This segment aired on October 19, 2011.