About Microgrid Labs
Microgrid Labs is a company based in Durham (United States) founded in 2014 by Namit Singh and Narayanan Sankar.. Microgrid Labs has raised $2.25 million across 5 funding rounds from investors including Jacobs, Catalyze and Innosphere Ventures. The company has 1 employees as of April 08, 2024. Microgrid Labs offers products and services including EVopt, Fleet Electrification Advisory, and Microgrid Advisory. Microgrid Labs operates in a competitive market with competitors including Autogrid, Franklin Energy, Voltus, Merchants Fleet and GreenCom Networks, among others.
- Headquarter Durham, United States
- Employees 1 as on 08 Apr, 2024
- Founders Namit Singh, Narayanan Sankar
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Microgrid Labs India Private Limited
- Date of Incorporation 26 Nov, 2020
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$86.87 K (USD)109.48as on Mar 31, 2023
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Net Profit
$1.76 K (USD)294.59as on Mar 31, 2023
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EBITDA
$4.94 K (USD)448as on Mar 31, 2023
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Total Equity Funding
$2.25 M (USD)
in 5 rounds
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Latest Funding Round
$2.25 M (USD), Seed
Dec 16, 2021
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Investors
Jacobs
& 4 more
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Employee Count
1
as on Apr 08, 2024
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Products & Services of Microgrid Labs
Microgrid Labs offers a comprehensive portfolio of products and services, including EVopt, Fleet Electrification Advisory, and Microgrid Advisory. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for simulating electric fleet operations and optimization.
Services for planning and deploying fleet electrification projects.
Support for microgrid planning and implementation strategies.
Unlock access to complete
Funding Insights of Microgrid Labs
Microgrid Labs has successfully raised a total of $2.25M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.25 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $2.3M
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First Round
First Round
(15 Dec 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Microgrid Labs | Valuation | Innosphere Ventures | |
| May, 2020 | Amount | Grant - Microgrid Labs | Valuation |
investors |
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| May, 2020 | Amount | Grant - Microgrid Labs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Microgrid Labs
Microgrid Labs has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Jacobs, Catalyze and Innosphere Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in innovative companies by Innosphere Ventures.
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Founded Year | Domain | Location | |
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Venture capital fund backed by the US Government
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Founded Year | Domain | Location | |
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Renewable energy solutions are provided for commercial real estate.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Microgrid Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Microgrid Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Microgrid Labs Comparisons
Competitors of Microgrid Labs
Microgrid Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autogrid, Franklin Energy, Voltus, Merchants Fleet and GreenCom Networks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT-enabled distributed energy resource management solutions are provided.
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Energy efficiency programs are designed for utilities and municipalities.
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| domain | founded_year | HQ Location |
Provider of demand response solutions for industrial and commercial applications
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| domain | founded_year | HQ Location |
SaaS-driven fleet management and leasing solutions are provided.
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| domain | founded_year | HQ Location |
Cloud & AI-based mesh networking management solutions provider
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| domain | founded_year | HQ Location |
Solutions for demand response and energy intelligence are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Microgrid Labs
Frequently Asked Questions about Microgrid Labs
When was Microgrid Labs founded?
Microgrid Labs was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Microgrid Labs located?
Microgrid Labs is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is Microgrid Labs a funded company?
Microgrid Labs is a funded company, having raised a total of $2.25M across 5 funding rounds to date. The company's 1st funding round was a Grant of $750K, raised on Dec 15, 2016.
How many employees does Microgrid Labs have?
As of Apr 08, 2024, the latest employee count at Microgrid Labs is 1.
What is the annual revenue of Microgrid Labs?
Annual revenue of Microgrid Labs is $86.87K as on Mar 31, 2023.
What does Microgrid Labs do?
Microgrid Labs was founded in 2014 in Durham, United States, within the energy sector. Solutions for microgrid implementation are offered, enabling analysis of operational states, evaluation of distributed generation options, and design of economical configurations. Products include Deropt, a platform for microgrid modeling, and Evopt, used for simulation and optimization of EV batteries and charging systems. Consulting services in microgrids are also available.
Who are the top competitors of Microgrid Labs?
Microgrid Labs's top competitors include Autogrid, Voltus and GridBeyond.
What products or services does Microgrid Labs offer?
Microgrid Labs offers EVopt, Fleet Electrification Advisory, and Microgrid Advisory.
Who are Microgrid Labs's investors?
Microgrid Labs has 5 investors. Key investors include Jacobs, Catalyze, Innosphere Ventures, America’s Seed Fund, and National Science Foundation.
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