What is Electric Power Systems?
EP Systems specializes in the design and production of energy storage systems, DC fast-charging stations, and electric propulsion products tailored for Aerospace, Defense, Automotive, Marine, and Industrial Traction applications. The company has established itself as an emerging leader, with its battery systems currently integrated into notable flight demonstrator vehicles such as NASA's X-57 and Bell's Nexus. EP Systems distinguishes itself through advanced features that enhance battery safety, contributing to a flawless safety record in field operations. Its commitment to innovation and safety has attracted strategic backing from industry giants.
How much funding has Electric Power Systems raised?
Electric Power Systems has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Electric Power Systems?
With a substantial capital infusion indicated by $350K and a recent strategic investment, EP Systems is well-positioned for accelerated growth and further development of its electric propulsion technologies. This large-scale, late-stage funding suggests a focus on scaling production, expanding market reach, and potentially pursuing new certifications and applications. The company's trajectory points towards solidifying its role as a key enabler of electrification in aviation and other high-power sectors, leveraging its established safety record and existing customer base including NASA, the FAA, Boeing, Safran, Bell Textron, and Embraer.
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