About Spear Power Systems
Spear Power Systems is a company based in Kansas City (United States) founded in 2013 by Jeffery Kostos and Joon Kim was acquired by Sensata in August 2021. Spear Power Systems has raised $19.56 million across 4 funding rounds from investors including Sensata, ABB and European Union. The company has 66 employees as of December 31, 2023. Spear Power Systems operates in a competitive market with competitors including A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, among others.
- Headquarter Kansas City, United States
- Employees 66 as on 31 Dec, 2023
- Founders Jeffery Kostos, Joon Kim
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Transportation, Automotive & LogisticsEnergy & Utilities
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Funding Insights of Spear Power Systems
Spear Power Systems has successfully raised a total of $19.56M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $4.47 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Spear Power Systems
Spear Power Systems has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Sensata, ABB and European Union.
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Growth-stage energy sector focused venture capital firm investing primarily in the US
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Investor details for Spear Power Systems
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Investments & Acquisitions by Spear Power Systems
Investment portfolio details for Spear Power Systems
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Financial Statements - Spear Power Systems
Detailed financials for Spear Power Systems
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Spear Power Systems Comparisons
Peer comparison for Spear Power Systems
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Competitors of Spear Power Systems
Spear Power Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, among others.
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Comprehensive solutions for electric vehicles and energy storage are provided.
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Detailed competitors of Spear Power Systems
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Latest news on Spear Power Systems
Complete news archive for Spear Power Systems
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Frequently Asked Questions about Spear Power Systems
Spear Power Systems was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Spear Power Systems is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri, United States.
Jeffery Kostos is the current CEO of Spear Power Systems. They have also founded this company.
Spear Power Systems is a funded company, having raised a total of $19.56M across 4 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Spear Power Systems is 66.
Spear Power Systems was founded in 2013 and is based in Kansas City, United States. Operations focus on the development of lithium-ion battery management systems for industrial, marine, and defense applications. These systems incorporate power electronics supporting voltages up to 1250VDC and thermal management suitable for high external temperatures. A portfolio of five products is maintained, with systems designed to be battery agnostic and compatible with various battery pairings.
Spear Power Systems's top competitors include Lohum, StoreDot and Contemporary Amperex Technology.
Spear Power Systems has 10 investors. Key investors include Sensata, ABB, European Union, Energy Innovation Capital, and Nabtesco Technology Ventures.