# VPPLAB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vpplab

- Industry: Software
- Headquarters: Jeju-si, South Korea
- Website: www.vpplab.kr
- Total disclosed funding: $0.2M
- Latest round: Series A (Dec 26, 2024)
- Investors on record: 4

## About

Established in 2021 and based in Jeju-si, South Korea, VPPLAB Corp. is a renewable energy IT platform provider, offering a software platform that connects small-scale green energy companies with power exchanges and businesses. The company's platform generates power brokerage bids and performance analysis reports on the renewable energy markets. The company was founded by its CEO, Byunghak Cha. In December 2024, VPPLAB Corp. raised an undisclosed amount of series A funding co-led by new investor Jeju Creative Economy Innovation Center and returning investor Merry Year Social Company, with participation from another new investor Smilegate Investment.

The company's energy management platform analyzes power plant characteristics and offers customized operations. It includes FLOW for integrated management of solar, wind, and ESS assets. They also provide smart asset management for solar power plants, demand response (DR), and participation in the RE100 campaign (renewable energy sourcing). The platform incentivizes planned electricity consumption during times of excessive generation. It generates brokerage bids for market participation, offers analysis reports for each resource, and provides real-time detection and monitoring functions. Using the platform, businesses can reduce power and electricity costs while optimizing renewable energy asset management.

## Funding rounds

- Series A, Dec 26, 2024 — Smilegate Investment, Merry Year Social Company, Jeju Creative Economy Innovation Center
- Seed, Jan 26, 2021, $0.2M — POSTECH Holdings

## Investors

- POSTECH Holdings (https://capitalatlas.ai/funds/postech-holdings) — Seed
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Merry Year Social Company (https://capitalatlas.ai/funds/merry-year-social-company) — Series A
- Jeju Creative Economy Innovation Center — Series A