# VPPTECH

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

- Industry: Software
- Headquarters: Beijing, China
- Website: www.vpptech.com
- Latest round: Series A (Nov 23, 2023)
- Investors on record: 3

## About

Based in Beijing, China, and founded in 2021, VPPTECH is a power systems technology company to assist customers in building virtual power plant intelligent operating systems. The company's founder and CEO, Mr. Yuankun Liu graduated from Tsinghua University and had 8 years of working experience in State Grid, with a core team come from the Department of Electrical Engineering of Tsinghua University, and have the ability to develop commercial software, big data mining and model algorithm design related to virtual power plant technology. As of November 2023, the company has more than 1,000 load-side customers with more than 9GW of aggregated load capacity. In November 2023, it closed a round of series A funding.

The company's business can be categorized into virtual power plant intelligent operation, virtual power plant solution design, virtual power plant construction services, and virtual power plant resource mining. The core concept of this technical service is through digital technology, industrial, commercial and other types of user-side power units converge to form an invisible "power plant" for unified management and scheduling, can realize the synergistic operation of multi-energy internally, and externally to participate in the power system control and operation of the power market. It serves customers in industrial parks, urban buildings, communities, and electric vehicle charging equipment.

The company will use the series A funding raised in November 2023 to drive the technology development and marketing of the Virtual Power Plant platform.

## Funding rounds

- Series A, Nov 23, 2023 — Shanhai Capital, SPIC Industrial Fund Management
- Angel, Aug 3, 2021 — K2VC

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Angel
- Shanhai Capital (https://capitalatlas.ai/funds/shanhai-capital) — Series A
- SPIC Industrial Fund Management (https://capitalatlas.ai/funds/spic-industrial-fund-management) — Series A