Spear Power Systems Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 61

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $114M

Spear Power Systems General Information

Description

Developer of lithium-ion battery systems designed for demanding applications of aerospace, defense, industrial, and marine industries. The company develops lithium-ion cells, modules, and battery packs, and offers integrated power services for defense, oil and gas, mining, marine, renewable energy, communications, and medical customers, providing clients with efficient energy storage systems that are relatively compact and lightweight, making them easy to transport and install, to maximize value and reduce the time to deployment.

Contact Information

Formerly Known As
Spear Power Systems, LLC
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 4020 East 138th Street
  • Grandview, MO 64030
  • United States
+1 (816)
Primary Industry
Electronic Equipment and Instruments
Other Industries
Energy Storage
Parent Company
Vertical(s)
Corporate Office
  • 4020 East 138th Street
  • Grandview, MO 64030
  • United States
+1 (816)

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Spear Power Systems Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 19-Nov-2021 $114M Completed Generating Revenue
5. Later Stage VC 19-Nov-2020 Completed Generating Revenue
4. Debt - PPP 06-Apr-2020 Completed Generating Revenue
3. Later Stage VC (Series B) 03-Oct-2019 Completed Generating Revenue
2. Later Stage VC 07-Aug-2018 $2M $2.35M Completed Generating Revenue
1. Early Stage VC 15-May-2015 $350K $350K Completed Generating Revenue
To view Spear Power Systems’s complete valuation and funding history, request access »

Spear Power Systems Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of lithium-ion battery systems designed for demanding applications of aerospace, defense, industrial, and mari
Electronic Equipment and Instruments
Grandview, MO
61 As of 2022

Westborough, MA
 

East Dundee, IL
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Spear Power Systems Competitors (24)

One of Spear Power Systems’s 24 competitors is LG Energy Solution Vertech, a Corporate Backed or Acquired company based in Westborough, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
LG Energy Solution Vertech Corporate Backed or Acquired Westborough, MA
LiiON Corporate Backed or Acquired East Dundee, IL
Cymbet Corporation Venture Capital-Backed Plano, TX
Stem Formerly VC-backed San Francisco, CA
Corvus Energy Venture Capital-Backed Nesttun, Norway
You’re viewing 5 of 24 competitors. Get the full list »

Spear Power Systems Patents

Spear Power Systems Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3220054-A1 Switch and battery system Pending 24-May-2021
CA-3132186-A1 Apparatus for mitigation of thermal event propagation for battery systems Pending 01-Apr-2019
JP-2023175722-A Apparatus for mitigation of thermal event propagation for battery systems Pending 01-Apr-2019
EP-3555932-A1 Architectural materials having integrated energy storage system Active 15-Dec-2016
US-20180171638-A1 Architectural materials having integrated energy storage system Inactive 15-Dec-2016 H01M50/20
To view Spear Power Systems’s complete patent history, request access »

Spear Power Systems Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Spear Power Systems Former Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
ABB Ventures Corporate Venture Capital Minority
Chevron Technology Ventures Corporate Venture Capital Minority
Curran Companies Family Office Minority
Demetree Investors Family Office Minority
Emerald Technology Ventures Venture Capital Minority
You’re viewing 5 of 11 investors. Get the full list »

Spear Power Systems FAQs

  • When was Spear Power Systems founded?

    Spear Power Systems was founded in 2013.

  • Where is Spear Power Systems headquartered?

    Spear Power Systems is headquartered in Grandview, MO.

  • What is the size of Spear Power Systems?

    Spear Power Systems has 61 total employees.

  • What industry is Spear Power Systems in?

    Spear Power Systems’s primary industry is Electronic Equipment and Instruments.

  • Is Spear Power Systems a private or public company?

    Spear Power Systems is a Private company.

  • What is the current valuation of Spear Power Systems?

    The current valuation of Spear Power Systems is .

  • What is Spear Power Systems’s current revenue?

    The current revenue for Spear Power Systems is .

  • How much funding has Spear Power Systems raised over time?

    Spear Power Systems has raised $19.9M.

  • Who are Spear Power Systems’s investors?

    ABB Ventures, Chevron Technology Ventures, Curran Companies, Demetree Investors, and Emerald Technology Ventures are 5 of 11 investors who have invested in Spear Power Systems.

  • Who are Spear Power Systems’s competitors?

    LG Energy Solution Vertech, LiiON, Cymbet Corporation, Stem, and Corvus Energy are some of the 24 competitors of Spear Power Systems.

  • When was Spear Power Systems acquired?

    Spear Power Systems was acquired on 19-Nov-2021.

  • Who acquired Spear Power Systems?

    Spear Power Systems was acquired by Sensata Technologies.

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