Smart-grid outfit GridPoint on Tuesday, flush with an additional $120 million in equity funding, said it has acquired V2Green, a start-up with software to charge electric cars en masse.
GridPoint said that it has raised $100 million mainly from existing investors, which include Goldman Sachs, New Enterprise Associates, Robeco, Susquehanna International Group, and Quercus Trust. An additional $20 million is expected later.
The company makes software for utilities to better integrate distributed generation units, such as solar panels, and home devices, such as Internet-connected thermostats, into the power grid. It also makes a home energy storage unit and software for … Read more