Boston-Power, Inc. announced that well-known electronics industry executive Max Fang will serve as business advisor to the company. In his new role, he will assist Boston-Power in business development, supply chain operations and government relations.
Fang is internationally respected for his expertise in building and managing large-scale supply chain, quality and logistics teams. His career accomplishments include an 11-year role with Dell. While at Dell, he started the company’s first International Procurement Organization, which helped to enable and grow a well-developed supply chain across Asia.
Utilizing that experience, Fang founded and serves as managing director for venture investment firm Maxima Capital Management. He also serves as a board member for several companies.
"Boston-Power is honored to welcome Max Fang as a business advisor," said Boston-Power Founder and CEO Dr. Christina Lampe-Onnerud. "We’re excited and humbled by the tremendous demand for Sonata from the market leading brands. We’ve long been committed to teaming with our Asian partners to share this growth opportunity and Max’s experience and insights will help us accomplish that goal."
"I am extremely impressed about all facets of Boston-Power, including its executives, next-generation technology, investors, customers and partners," Fang said. "I’m thrilled to be joining the team and look forward to sharing my expertise as the company continues its strong momentum."
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.
