We’re happy to announce that Spear Power Systems, one of our portfolio companies, was acquired by Sensata Technologies, officially closing a deal that was first disclosed in August.
Spear Power Systems develops next generation scalable lithium-ion battery storage systems for demanding land, sea and air applications. Spear Power Systems’ energy storage systems include proprietary battery management and monitoring, offering high energy density, modular architecture, light weight design, and a high degree of safety and reliability. Since its founding in 2013, it has become a global leader in developing differentiated energy storage solutions that push the safety and performance threshold for highly critical applications—all of which will be crucial in the race to achieve net zero. Its acquirer, Sensata Technologies, is a leading industrial technology firm and provider of sensor-rich solutions and insights for customers.
“We’re extremely proud of the growth we witnessed over the course of our investment in Spear,” said Gina Domanig, Emerald managing partner and Spear board director. “Their cutting-edge technology and culture of innovation will fit perfectly at Sensata and we’re excited to see what they accomplish together.”
Read the news release on Sensata’s website here.