# Microgrid Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/microgrid-labs

- Industry: Electronics
- Headquarters: US
- Website: www.microgridlabs.com
- Latest round: Seed (Dec 16, 2021)
- Investors on record: 3

## About

Microgrid Labs Inc. focuses on consulting and software solutions that enhance commercial fleet electrification and microgrid development, aimed at optimizing electric vehicle operations.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 has completed a total of 1 deal, with its most recent deal occurring on December 16, 2021.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. MGL's solutions are positioned to serve customers primarily in North America, with an emphasis on urban transit systems and fleet operators looking to transition to electric vehicles and enhance energy efficiency through microgrids.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. Specific pricing plans are not publicly disclosed, but the model typically includes tiered subscriptions for the EVopt platform based on the scale and complexity of the fleet being managed.In December 2021, Microgrid Labs Inc raised an undisclosed amount of Seed funding, co-led by returning investor Innosphere and new investors Catalyze Inc. 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.

## Funding rounds

- Seed, Dec 16, 2021 — Jacobs Solutions Inc., Innosphere Ventures, Catalyze Inc.

## Investors

- Jacobs Solutions Inc. — Seed
- Innosphere Ventures (https://capitalatlas.ai/funds/innosphere-ventures) — Seed
- Catalyze Inc. — Seed