Spear Power Systems
KC startup’s sale charges strategy as battery innovator plugs into century-old tech firm
A Massachusetts tech company’s strategy to advance into new clean energy markets is now electrified thanks to the completed acquisition of Grandview-based Spear Power Systems — a leader in next generation battery storage systems for demanding land, sea and air applications. “The acquisition of Spear Power Systems enables us to deliver more comprehensive energy storage…
Grandview-based battery innovator — Evergy Ventures’ first investment — exiting to global power player
A Kansas City-area startup developing next-generation scalable lithium-ion battery storage systems for land, sea and air is being acquired by a global power management leader, the companies announced Monday. Financial terms of the transaction — through which Grandview-based Spear Power Systems will add its power and talent to Sensata Technologies — were not disclosed. The…
Kansas City’s Top VC-Backed Companies in 2020
The 2020 Top Venture Capital-Backed Companies List reflects a range of success stories and COVID-era challenges among Kansas City’s community of growth-stage, venture-backed companies. The list — updated annually by Startland News and its parent organization, Startland — shows that while few companies were spared from COVID-19’s impact, many of Kansas City’s leading entrepreneurs continued to grow…
Global, KC investors charge Grandview-based battery innovator with 8-figure funding round
A Grandview-based leader in battery technology is building a charge for expansion as Spear Power Systems announced this week an eight-figure funding round with world-spanning reach and headline-grabbing international investors. “We are pleased with the quality and synergy of the syndicate,” said Jeff Kostos, president and CEO of Spear. “This investment enables Spear to scale…
Kansas City’s Top VC-Backed Companies in 2019
The Top Venture Capital-Backed Companies List recognizes the momentum pushing an emerging cohort of Kansas City growth-stage, venture-backed companies. Simply put, the list — updated and now published annually — shows a massive increase in venture capital deployed to Kansas City companies in 2019, as well as a significant jump in jobs at those businesses….
