VCharge develops decentralized, market-based energy management technology for residential electric thermal storage heaters, electric cars, and other transactive loads. The company’s platform enables those loads to respond dynamically to grid conditions. VCharge says its technology brings real value to utilities, grid operators, and end users today and into the future. The firm is headquartered in Barrington, RI. Financially, VCharge recently completed a $770,000 seed round. The funding round was led by Rhode Island’s Slater Technology Fund alongside K.C. Investments and EOS Ventures. VCharge, based in Barrington, Rhode Island, has developed a patented cloud-based Transactive Load platform. The platform enables electric thermal storage heaters, electric cars and other devices to participate intelligently in electricity markets. The company is led by CEO Jessica Millar. VCharge intends to use new funding for technical development, to improve its core product and for additional hires. The company recently appointed Gene Zimon, former CIO of Massachusetts utility NSTAR and president of EDGE Advisers, to its board. VCharge has raised $1.9M in funding.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2012