Tech Company Financing Transactions
UtilityInnovation Group Funding Round
UtilityInnovation Group secured a funding round on 11/7/2024. Investors included Volvo Penta.
Transaction Overview
Company Name
Announced On
11/7/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to scale its expertise to meet the accelerating demand for more dynamic, sustainable electric grid infrastructure. Supported by Volvo Penta, UIG will aim to: Expand the reach of resilient energy solutions. Drive the adoption of advanced battery energy storage solutions (BESS). Deploy the GridSure advantage.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
702 Oberlin Road 330
Raleigh, NC 27605
USA
Raleigh, NC 27605
USA
Phone
Undisclosed
Website
Email Address
Overview
The pace of evolution in the electric utility industry is accelerating faster than ever before. Decarbonization, decentralization, and the digital revolution are driving change on a global scale. Enter the new era of energy - one that requires a grid that is more resilient, reliable, and sustainable than ever before.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sidney Hinton
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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