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Dcbel Closes Usd $50M+ Series B For Its Breakthrough Bidirectional Home And Ev Energy Station

Aug 17, 2023•almost 2 years ago

Amount Raised

$50 Million

Round Type

series b

MontrealRenewable EnergyEnergy

Investors

Investissement QuébecReal VenturesKevin MahaffeyCoatueVolvo CarsIdealist Capital

Description

Smart home energy company dcbel and existing investors Volvo Cars, Coatue, Kevin Mahaffey and Real Ventures are welcoming Idealist Capital following the closing of a successful USD $50M+ Series B. Looking to build upon the tradition of clean energy innovation in the region, Investissement Québec will also be participating in the Series B. This up-round financing will enable dcbel to accelerate delivery of the Home Energy Station within its targeted territories. dcbel empowers homeowners to take control of their energy by leveraging renewable assets such as solar panels, stationary batteries and their electric vehicle (EV) to avoid blackouts, save money when energy prices peak, and earn money while contributing to the stability of the grid.

Company Information

Company

dcbel

Location

Montreal, Quebec, Canada

About

dcbel develops technology and designs products that put people at the center of the modern energy ecosystem. The company was founded in 2015 on the principle that everyone deserves clean, reliable and sustainable energy to live a life without compromise. dcbel Home Energy Station perfects the art and science of smart home energy, allowing people to take ownership over their energy supply with one small device. Homeowners can supply their home and EV with solar power, use vehicle-to-home charging to make power outages a thing of the past, and reduce energy costs with artificial intelligence.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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