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.
Tool for simulating electric fleet operations and optimization.
Services for planning and deploying fleet electrification projects.
Support for microgrid planning and implementation strategies.
People of Microgrid Labs
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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.
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.
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Early-stage investments are made in innovative companies by Innosphere Ventures.
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Venture capital fund backed by the US Government
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Renewable energy solutions are provided for commercial real estate.
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Investor details for Microgrid Labs
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Investments & Acquisitions by Microgrid Labs
Investment portfolio details for Microgrid Labs
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Financial Statements - Microgrid Labs
Detailed financials for Microgrid Labs
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Microgrid Labs Comparisons
Peer comparison for Microgrid Labs
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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.
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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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Provider of demand response solutions for industrial and commercial applications
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SaaS-driven fleet management and leasing solutions are provided.
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Cloud & AI-based mesh networking management solutions provider
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Solutions for demand response and energy intelligence are provided.
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Detailed competitors of Microgrid Labs
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Latest news on Microgrid Labs
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Frequently Asked Questions about Microgrid Labs
Microgrid Labs was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Microgrid Labs is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Microgrid Labs is a funded company, having raised a total of $2.25M across 5 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Microgrid Labs is 1.
Annual revenue of Microgrid Labs is $86.87K as on Mar 31, 2023.
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.
Microgrid Labs's top competitors include Autogrid, Voltus and GridBeyond.
Microgrid Labs offers EVopt, Fleet Electrification Advisory, and Microgrid Advisory.
Microgrid Labs has 5 investors. Key investors include Jacobs, Catalyze, Innosphere Ventures, America’s Seed Fund, and National Science Foundation.