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
Primary Industry
Electronic Equipment and Instruments
Other Industries
Energy Storage
Parent Company
Corporate Office
  • 4020 East 138th Street
  • Grandview, MO 64030
  • United States
+1 (816) 000-0000

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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 000.00 00000 Completed Generating Revenue
5. Later Stage VC 19-Nov-2020 000 000.00 Completed Generating Revenue
4. Debt - PPP 06-Apr-2020 00000 000.00 Completed Generating Revenue
3. Later Stage VC (Series B) 03-Oct-2019 000.00 000.00 000.00 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
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00000 000000000
Westborough, MA
000 As of 0000
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000000&0

000

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0000000000 000000000
Cambridge, MA
000 As of 0000
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Spear Power Systems Competitors (22)

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 000 000000&0
24M Venture Capital-Backed Cambridge, MA 000 00000 0000000000 00000
Stem Formerly VC-backed San Francisco, CA 000 00000 000000000 00000
Corvus Energy Venture Capital-Backed Nesttun, Norway 000 000.00 0000000000 0 000.00
Trojan Battery Private Equity-Backed Santa Fe Springs, CA 000 00000 000000000000 00000
You’re viewing 5 of 22 competitors. Get the full list »

Spear Power Systems Executive Team (6)

Name Title Board Seat Contact Info
Jeffery Kostos Co-Founder, Chief Executive Officer & President
Joon Kim Ph.D Co-Founder & Chief Technology Officer
Mitchell Mabrey Co-Founder & Managing Director of Europe
Daryll Nottingham Co-Founder & Vice President of Business Operations and Contracts
Valerio Cosmai Finance Manager
You’re viewing 5 of 6 executive team members. Get the full list »

Spear Power Systems Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Spear Power Systems Former Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
ABB Ventures Corporate Venture Capital Minority 000 0000 000000 0
Chevron Technology Ventures Corporate Venture Capital Minority 000 0000 000000 0
Curran Companies Family Office Minority 000 0000 000000 0
Demetree Investors Family Office Minority 000 0000 000000 0
Emerald Technology Ventures Venture Capital Minority 000 0000 000000 0
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.

  • Who is the founder of Spear Power Systems?

    Jeffery Kostos, Joon Kim Ph.D, Mitchell Mabrey, and Daryll Nottingham are the founders of Spear Power Systems.

  • Who is the CEO of Spear Power Systems?

    Jeffery Kostos is the CEO of Spear Power Systems.

  • 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 00000.

  • What is Spear Power Systems’s current revenue?

    The current revenue for Spear Power Systems is 000000.

  • 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, 24M, Stem, Corvus Energy, and Trojan Battery are some of the 22 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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