Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #82

Zeno Power

Recipient: ZENO POWER SYSTEMS INC · UEI H3C5EJV1XTM1

About $2.24 raised for every $1 obligated.

Capital raised
$76.0M
Federal obligations, FY2020–FY2026
$34.0M
Raised per $1 obligated
2.2×
Latest valuation
—
Not disclosed

Obligations by fiscal year

$M
0.2 FY20 0.1 FY21 7.9 FY22 4.0 FY23 20.8 FY24 0.8 FY25 0.2 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$16.2M
Other Transactions
$17.8M
Subawards
$0

Cite this: Defense Tech Signals, "Capital vs. Contracts: Zeno Power," data as of 2026-11-08, https://data.defensetechsignals.com/c/zeno-power/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: SVDG 2026 report total, plus later announced rounds. Obligations last refreshed 11/5/2026.