AutoGrid

AutoGrid is a market leader in AI-powered flexibility management software for the energy industry.

AutoGrid builds software applications that enable a smarter distributed energy world.

AutoGrid was founded in 2010 by Amit Narayan. The company is headquartered in Redwood City, California.

 

AutoGrid’s AI-powered Virtual Power Plant Platform technology enables immediate climate action by offering a sustainable, resilient and cost-effective alternative to legacy peaker plants.

 

The AutoGrid Flex platform utilizes the spare capacity from batteries, electric vehicles and flexible load to smooth out short-term imbalances in demand and supply while providing economic incentives to the asset owner.

 

AutoGrid has more than 5,000 megawatts of DERs under contract with Xcel Energy, National Grid, E.ON, CPS Energy, Total, NextEra Energy and over 35 other leading energy companies around the world.

 

AutoGrid is backed by Energy Impact Partners, Foundation Capital, Voyager Capital, Total Energy, SE Ventures, Moore Strategic Ventures, E.ON, SolarEdge, and others. The company raised $85M in Series D-2 round on Oct 14, 2021. This brings AutoGrid's total funding to $161M to date.

 

 

  • Year founded: 2010
  • Funding Info: $161M over 7 Rounds (Latest Funding Type: Series D-2)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Redwood City
  • State: California
  • Country: United States
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