Volvo Penta Invests In Utility Innovation Group To Accelerate Electric Grid Innovation
Round Type
Funding Round
RaleighEnergyArtificial IntelligenceRenewable EnergyCivil EngineeringInvestors
Description
Volvo Penta has made a strategic investment in UIG, US-based specialists in resilient, innovative utility systems and decentralized energy solutions. Through this, UIG and Volvo Penta have the potential to enhance their collective capabilities, while jointly creating innovative solutions and new market opportunities to advance electric grid infrastructure.
Quick answer
UtilityInnovation Group raised an undisclosed amount in a Funding Round round, dated April 11, 2023. Investors: Uig and Volvo Penta. UtilityInnovation Group is based in Raleigh, North Carolina, United States.
- How much did UtilityInnovation Group raise?
- UtilityInnovation Group raised an undisclosed amount in a Funding Round round on April 11, 2023.
- Who invested in UtilityInnovation Group?
- Uig and Volvo Penta are named as investors in this round.
- What does UtilityInnovation Group do?
- UtilityInnovation Group (UIG) focuses on delivering cutting-edge energy solutions for data centers.
- Where is UtilityInnovation Group based and how big is it?
- UtilityInnovation Group is based in Raleigh, North Carolina, United States. Fundz records about 66 employees.
- Who are the decision-makers at UtilityInnovation Group?
- Fundz holds 1 contact at UtilityInnovation Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as UtilityInnovation Group that raised within 45 days of this round, from Fundz verified event records.
- Dexter Energy raised $12M (Funding Round) on April 18, 2023.
- trawa raised $2.6M (Seed) on March 7, 2023.
- Holcim Ltd raised $7.9M on March 1, 2023.
- FuelCell Energy raised $87M (Funding Round) on May 25, 2023.
- Lyten raised an undisclosed amount (Funding Round) on May 25, 2023.
- Satellite Vu raised $16M (Funding Round) on May 24, 2023.
Who to call at UtilityInnovation Group, and when
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- An alert the day UtilityInnovation Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at UtilityInnovation Group, from your own LinkedIn network
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Related People
UtilityInnovation Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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