VC Funding for Grid-Related Sectors in Q2 2016 Doubled Compared to Q1 2016 and Q2 2015
Smart Grid companies receive $222 million; Battery/Storage companies receive $125 million; Energy Efficiency companies raise $86 million
July 19, 2016
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Venture capital (VC) funding (including private equity and corporate venture capital) for Smart Grid companies doubled with $222 million in 15 deals compared to $110 million in 14 deals in Q1 2016. Year-over-year (YoY), funding also doubled compared to Q2 2015 when $104 million was raised in 18 deals.
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Utsav Sinha
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