Diligence memo · auto-generated · as of July 2, 2026
Spear Power Systems, Inc.
Spear Power Systems, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Spear Power Systems, Inc. operates in Energy / Climate, based in GRANDVIEW.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spear Power Systems, Inc. has raised $20M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2019-09-19.
Most recent recorded round closed around 2020-11-13.
Valuation (modeled)modeled
Provath models Spear Power Systems, Inc. at approximately $34M (range $3.8M–$169M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.56× the median modeled value of Series A Energy / Climate companies in 2019–2021 (17 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 5.6 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 4.9× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 81% of Energy / Climate peers (235 compared).
Modeled value ranks above 64% of those peers.
Closest niche peers: Electric Power Systems, Inc., Energy Water Services HoldCo LLC, Imprint Energy, Inc., Titan Advanced Energy Solutions, Inc., Quidnet Energy Inc..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.