Grandview, United States
Spear Power Systems, founded in 2013, is a U.S.-based innovator in the field of energy storage solutions. With its slogan “Safe. Agile. Intelligent.”, the company specializes in designing and manufacturing advanced lithium-ion energy storage systems tailored for aerospace, defense, industrial, and marine applications.
Operating at the intersection of multiple industries, including Energy, Manufacturing, Oil and Gas, and Energy Storage, Spear Power Systems is poised to meet growing global demand for sophisticated energy solutions. This multi-industry approach not only broadens its market exposure but also buffers the company against sector-specific downturns.
In pursuit of scaling its operations and technological advancements, the company secured a $14.56M Series B investment on 24 September 2019. The round featured high-profile investors such as Chevron Technology Ventures, Emerald Technology Ventures, Energy Innovation Capital, KCRise Fund, Foley Equipment, and Nabtesco, highlighting strong confidence in Spear Power Systems' potential to innovate and expand.
