Microgrid Labs
Latest round
- Seed
Last raised
- Dec 2021
Total raised
- Undisclosed
Investors
- 3
About Microgrid Labs
Microgrid Labs Inc.Founded in 2014 in the US, Microgrid Labs Inc. specializes in electrification solutions for commercial fleets. The company was co-founded by Namit Singh and Narayanan Sankar, who has a history of entrepreneurial ventures. There have been no noted pivots or changes in business strategy since its inception. The firm’s headquarters is located in the United States.Microgrid Labs Inc. (MGL) specializes in consulting and software solutions aimed at commercial fleet electrification and microgrid development. Their core product, EVopt, is an innovative software solution that creates a Digital Twin Model of electric fleets, enabling fleet operators to simulate and optimize their vehicle deployment across various stages of planning, design, deployment, and operation. Additionally, MGL offers tailored consulting and advisory services that support clients through the intricate processes of electrification and microgrid planning. Their clientele includes prominent organizations such as Landis Gyr, Massachusetts Clean Energy Center, and King County Metro, indicating a diverse client base ranging from public transit agencies to energy management firms.Microgrid Labs generates revenue through a combination of software licensing and consulting services. Their flagship product, EVopt, is available via a subscription model, with clients paying for access to the platform, which includes features for simulation and analysis of fleet operations. The consulting services are structured as project-based engagements, where clients contract MGL for customized analysis and support tailored to specific electrification projects. This B2B transaction structure allows MGL to build long-term relationships with clients, offering ongoing support and analytics as their needs evolve. and Jacobs Engineering Group Inc. The company plans to utilize these funds to scale its software solutions and accelerate the planning, development, and installation of the entire electrification process for fleet owners. Microgrid Labs is focused on expanding its offerings and enhancing its platform's capabilities to support clients in transitioning to electric vehicles effectively.
Who invested in Microgrid Labs
3 investors across 1 round
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Funding rounds
Seed
Dec 16, 2021
Amount
Undisclosed
Investors
Questions about Microgrid Labs
Who invested in Microgrid Labs?
Microgrid Labs has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Microgrid Labs raised?
Microgrid Labs has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Microgrid Labs last raise money?
Microgrid Labs's most recent round on record is a Seed, in Dec 2021.
What does Microgrid Labs do?
Microgrid Labs is a electronics company.
Where is Microgrid Labs headquartered?
Microgrid Labs is headquartered in US.
Which VCs invest in companies like Microgrid Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back electronics companies at Microgrid Labs's stage. Their profiles are linked below.
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