GridPoint lands more funds for smarter utility use
GridPoint, one of the largest companies in the emerging smartgrid sector, announced that it has brought in an undisclosed sum from Craton Equity Partners. Already working with several investor-owned utilities like Duke Energy Corp. and Xcel Energy, GridPoint says its system automatically manages energy loads and storage, integrates renewable sources and can be used to power electric vehicles more efficiently.
That last function is of particular importance to GridPoint, which acquired V2Green, a company that makes… Continue Reading
Smart grid company GridPoint heaps on $120M and buys electric vehicle startup V2Green
GridPoint, one of the largest of the smart grid startups, who aim to more intelligently distribute energy across the electrical grid, has more than doubled up on its prior funding with $120 million. Along with the new money, it has bought out V2Green, which makes software for electric vehicles to efficiently plug into the grid.
This latest move shows a company trying to get a leg up on a bevy of well-funded competitors, who include Silver… Continue Reading
GridPoint, a well-funded smart-grid startup, raises $15M more
GridPoint, a smart-grid company that can intelligently manage energy sources and storage for utilities, has pushed its total equity raise to $102 million with an add-on of $15 million to its fourth round.
The company works to distribute the power and storage of utilities, as well as tying in unreliable renewable sources like wind and solar power. The GridPoint SmartGrid Platform is the locus of these services, a node in homes and businesses that communicates back… Continue Reading
Purfresh adds on $5M for clean food and water
Purfresh, a Livermore, Calif. company that makes ozone equipment for purification of food and water, has added on $5 million to close out its $25 million third financing.
The company is busy expanding into Europe, although its CEO told VentureBeat a couple months ago that it could be profitable “tomorrow afternoon” if it stuck to business at home.
Perella Weinberg Partners added the $5 million investment. The investors in the remaining $20 million were Chilton Investment Co,… Continue Reading