VCharge Garners $1,900,000 New Round

  • Feed Type
  • Date
    12/5/2011
  • Company Name
    VCharge
  • Mailing Address
    90 Lesson Lane Newton, MA 02459
  • Company Description
    VCharge uses decentralized, market-based principles to enable residential electric heaters, electric cars, and other transactive loads with embedded storage to engage in rapid demand response. VCharge technology brings real value to utilities, grid operators, and end users today and into the future.
  • Website
    http://www.veecharge.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,900,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    VCharge plans to use the funding to prove operational and technical scalability in several pilots this winter, to grow its team, and to improve its core product.
  • M&A Terms
  • Venture Investor
    Slater Technology Fund
  • Venture Investor
    Launchpad Ventures
  • Venture Investor
    Clean Energy Venture Group

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