Resilient Power Secures $5 Million Seed Round To Scale Low Cost Ev Fast Charging Technology And Power Grid Resiliency

Oct 27, 2021•almost 4 years ago

Amount Raised

$5 Million

Round Type

seed

Atlanta

Description

As increasing electric vehicle growth pressures the electric power infrastructure and the need for EV fast-charging increases, Resilient Power announced the closing of a $5 million seed round. The investment for the first-to-market provider of solid-state transformer-based electric vehicle (EV) fast charging technology was led by Energy Transition Ventures, with investment from Amazon's Climate Pledge Fund and GS Futures, the corporate venture capital arm of GS Group from Korea. Resilient Power was previously funded through $3 million in contracts and grants, including from the U.S. Department of Energy, Savannah River National Laboratory, and the National Renewable Energy Laboratory (NREL).

Company Information

Company

Resilient Power

Location

Atlanta, Georgia, United States

About

Resilient Power is a leading North American developer and manufacturer of innovative energy solutions that rewrite the electric grid. It's line of ultra-compact EV charging depots connect directly to the existing distribution grid allowing clients to build EV fleet and public charging stations in days rather than months while minimizing costly and disruptive site construction. When added to the electric power grid, Resilient's line of high-voltage power electronics improves grid efficiency and reliability. Resilient Power's offices are in Atlanta, GA with engineering in Austin, TX.