# ZPower funding: rounds and investors

> ZPower has raised $158M across 9 rounds since 2004. Investors include Intel Capital, OnPoint Technologies and MidCap Financial. Every round with its source.

Source: https://millionrounds.com/company/zpower (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *ZPower*

9 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Manufacturing

Funding summary Updated 26 Oct 2026

**$158M** raised across 9 rounds since 2004, from 9 sources

**$2.0M** Venture **$11M** Venture **$8.1M** Venture **$6.0M** Debt **$25M** Debt **$64M** Venture **$7.5M** Debt **$10M** Venture **$25M** Round

- **Latest round:** Round, $25M Feb 2018
- **Biggest round:** $64M Venture · Apr 2011
- **Step-up i:** 2.5×
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2004 2006 2008 2010 2012 2014 2016 2018

**$2.0M** Venture

**$11M** Venture

**$6.0M** Debt

**$25M** Debt

**$64M** Venture

**$7.5M** Debt

**$10M** Venture

**$25M** Round

- **First round:** Venture, $2.0M
- **Biggest round:** $64M
- **Usual gap between rounds:** 2 years

## The rounds

- **Feb 2018** Round **$25M** *1 new* [MidCap Financial](https://millionrounds.com/fund/midcap-financial) Reported by FinSMEs
- **May 2014** Venture **$10M** No investor was named in the report. From a historical funding record SEC filing: $15M sold, first sale Feb 2012
- **Apr 2013** Debt **$7.5M** No investor was named in the report. Reported by sec.gov SEC filing: $7.5M sold, first sale Feb 2012
- **Apr 2011** Venture **$64M** No investor was named in the report. Reported by sec.gov SEC filing: $64M sold, first sale Apr 2011
- **Jun 2009** Debt **$6.0M** No investor was named in the report. Reported by sec.gov SEC filing: $25M sold, first sale Dec 2007
- **Jun 2009** Debt **$25M** No investor was named in the report. Reported by sec.gov SEC filing: $25M sold, first sale Dec 2007
- **Oct 2004** Venture **$8.1M** No investor was named in the report. Reported by sec.gov
- **Oct 2004** Venture **$2.0M** *3 new* [Intel Capital](https://millionrounds.com/fund/intel-capital) [OnPoint Technologies](https://millionrounds.com/fund/onpoint-technologies) PowerVentures Reported by sec.gov
- **Oct 2004** Venture **$11M** No investor was named in the report. Reported by sec.gov

## Founders and team

From the SEC filings it signed: 5 on the team.

- **Arthur N. Budge** Director, Promoter i
- **Charles R. McBride** Director, Promoter i
- **Roberta J. Smith** Director, Promoter i
- **Ross E. Dueber** Executive Officer, Director, Promoter i
- **Steven R. Shane** Director, Promoter i

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2004 **Venture** 2004 **Debt** 2009 **Debt** 2009 **Venture** 2011 **Debt** 2013 **Venture** 2014 **Round** 2018 [Intel Capital](https://millionrounds.com/fund/intel-capital) [OnPoint Technologies](https://millionrounds.com/fund/onpoint-technologies) [MidCap Financial](https://millionrounds.com/fund/midcap-financial) PowerVentures

## Everyone who backed them

[Intel Capital](https://millionrounds.com/fund/intel-capital) Corporate VC **1** round

[OnPoint Technologies](https://millionrounds.com/fund/onpoint-technologies) VC firm **1** round

[MidCap Financial](https://millionrounds.com/fund/midcap-financial) Private credit **1** round

PowerVentures no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=zpower).

## Quick answers about ZPower

### Who invested in ZPower?

ZPower's investors include Intel Capital, OnPoint Technologies, MidCap Financial and PowerVentures.

### How much has ZPower raised?

ZPower has raised $158M across 9 rounds since 2004.

### When did ZPower last raise?

ZPower's most recent round was an Undisclosed round of $25M in Feb 2018.

### What was ZPower's biggest round?

ZPower's largest round on record is $64M (Venture), in Apr 2011.

### Who backed ZPower first?

ZPower's first round on record, in Oct 2004, was backed by Intel Capital, OnPoint Technologies and PowerVentures.

### What stage is ZPower at?

ZPower's latest named round is an Undisclosed round, in Feb 2018.

### Where is ZPower based?

ZPower is based in the United States.

## Companies like ZPower

In the same sector, and raised in the last eighteen months.

[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**ZwitterCo** $58M · Oct 2026](https://millionrounds.com/company/zwitterco)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Origin** $121M · Oct 2026](https://millionrounds.com/company/origin)[**Jeevy Fabrication** Oct 2026](https://millionrounds.com/company/jeevy-fabrication)

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