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Ensurge Micropower

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Development and manufacturing of solid-state lithium batteries (SSLB)

San Jose, United StatesFounded 2005Energy
Valuation $86M Market cap · 2026
Revenue $25K Latest reported FY
Total funding $10–50M Disclosed equity funding

About Ensurge Micropower

Ensurge Micropower ASA is a Norwegian publicly traded company specializing in the development and manufacturing of solid-state lithium batteries (SSLB). The firm’s journey began in 2005 as Thin Film Electronics ASA, building on printable memory technology that originated as early as 1994 within Opticom ASA. A significant strategic pivot occurred in January 2020, when the company shifted its focus to solid-state microbatteries, a move followed by its renaming to Ensurge Micropower in 2021. The company maintains corporate headquarters in Oslo, Norway, with its global headquarters, R&D, and manufacturing operations centered in San Jose, California.

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The company is led by CEO Shauna McIntyre, appointed in September 2025, who brings extensive leadership experience from the energy and technology sectors, including roles at Northvolt, Google, and Honeywell. She succeeded Lars Eikeland, who now serves as CFO, providing crucial continuity in financial management. Mr. Eikeland has over three decades of leadership experience in multinational corporations like ABB and Rolls-Royce. Former CEO Kevin Barber, who led the company from 2018 through its strategic shift in 2020, has a background in technology investment and finance.

Ensurge's business model centers on designing, developing, and producing rechargeable microbatteries for an expanding market that includes hearables, medical wearables, IoT sensors, and sports and fitness devices. The company is targeting a market gap for batteries in the 1 to 100 milliampere-hour (mAh) range, an area underserved by larger manufacturers focused on the electric vehicle market. Revenue generation is anticipated from direct sales of these microbatteries and a long-term strategy that includes licensing its intellectual property to high-volume manufacturing partners. This dual approach involves producing high-value, customized batteries in-house while outsourcing large-scale production to minimize capital expenditure.

The core product is an ultrathin, flexible, anode-less solid-state lithium microbattery. A key manufacturing distinction is the use of a roll-to-roll process on a 10µm stainless steel substrate, which differs from competitors' ceramic or silicon substrates and is designed for high-volume scalability. These batteries are engineered to be fundamentally safer than conventional lithium-ion batteries by eliminating flammable liquid electrolytes. They offer benefits such as higher energy density, faster charging (80% in 8 minutes), customizable form factors, and the ability to be assembled using standard Surface Mount Technology (SMT) processes. Recent milestones include resolving encapsulation and energy leakage issues, achieving a 90% stacking yield, and delivering 11-layer batteries with a volumetric energy density of 200 Wh/L, with a roadmap to 750 Wh/L in future 43-layer versions.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2005
Headquarters
San Jose, United States
Listing
IPO 2015
Employees
62
Open positions
None listed
Dealroom signal
45.5/100
Sub-industry
Energy Storage
Sector
Energy, Retail, Appliances, Packaging and Containers, Battery, Solid-State Battery, Hard Tech, Horizon Europe
Technology
Hardware, Deep Tech, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b, b2c

Latest news

Press, funding announcements and product moves mentioning Ensurge Micropower.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO CONVERTIBLEOther financing Jul 2026 $2.4M Undisclosed
POST IPO EQUITYOther financing Nov 2025 $0 Corning
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $25K 0% −$8.6M -34384% −$11M -43200% −$8.8M
2025 $25K -59% −$8.6M -34384% −$11M -43200% −$8.8M
2024 $61K -55.8% −$11M -17478.4% −$13M -21183.3% −$4.2M
2023 $138K −$13M -9275.3% $0
2022 $0 -100% −$21M
2021 $492K 0% −$28M -5633.5%
2020 $492K −$35M -7214.6%
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Growth signals

Ensurge Micropower website traffic

Latest recorded traffic for Ensurge Micropower is 1.4K monthly website visits, down 30% over the last three months. Ensurge Micropower's team declined 1.6% over the past year.

Latest monthly visits1.4K 3-month web change-30% 1-year team growth-1.6%
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Closest operating peers by Dealroom taxonomy

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ADDVOLTProducing plug-in electric system targeted for transportation markets, which avoids fuel usage and reduces noise and CO2 emissions of refrigeration units during goods transportation Matosinhos, Portugal Acquired
Adden EnergyA developer of stable, lithium-metal, solid-state batteries Waltham, United States Operational
BasquevoltSolid-state battery technology for mass electrification Vitoria, Spain Operational
SvoltHigh-tech new energy company that specializes in energy technology, including electric vehicle battery (EVB) materials, cells, modules, PACK, BMS, energy storage system (ESS) and solar energy R&D and manufacturing Changzhou, China Operational
BetteryBettery is a high-tech start-up which develops innovative solutions for batteries Massafra, Italy Operational
Home Power SolutionsHome Power Solutions is the first company worldwide offering a commercially available integrated storage system for year-round energy supply, providing scalable storage for single family homes Berlin, Germany Closed
Showing 8 of the closest matchesCompare every metric →

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later3 investors entered at this stage

  • Invesco
  • Ketil Skorstad
  • Corning

Other known investors1 additional known investor

  • Middelborg
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States82.9%
🇳🇴 Norway7.3%
🇨🇳 China4.9%
🇬🇧 United Kingdom2.4%
🇯🇵 Japan2.4%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ensurge Micropower on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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