# Spear Power Systems raises growth capital from global syndicate

Spear Power Systems raised growth capital from a syndicate led by Emerald Technology Ventures, with participation from Chevron Technology Ventures and others, to fund expansion of global footprint, production capacity, and R&D.

- Type: Investment
- Announced: 2019-09-25
- Where: Grandview, Missouri, United States
- Status: announced
- Products: energy storage solutions, battery systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Spear Power Systems](https://endata.com/companies/42320.md)
- [Chevron Technology Ventures](https://endata.com/companies/3957.md) (investor)
- [Emerald Technology Ventures](https://endata.com/companies/42321.md) (investor)
- [Energy Innovation Capital](https://endata.com/companies/42322.md) (investor)
- [Nabtesco Technology Ventures](https://endata.com/companies/42323.md) (investor)
- [KCRise Fund](https://endata.com/companies/42324.md) (investor)
- [Foley Industries](https://endata.com/companies/42325.md) (investor)
- [Evergy Ventures](https://endata.com/companies/42326.md) (investor)
- [Demetree Investors](https://endata.com/companies/42327.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/global-syndicate-backs-advanced-battery-innovator-300925663.html), 2019-09-26: "This investment enables Spear to scale our production capacity and global presence, enhance R&D in our technology-leading energy storage solutions, and better serve fast growing marine, industrial e-mobility and defense applications."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.