GridPoint Grabs $120M, Buys V2Green

Moresco, Justin
September 2008
Red Herring;9/23/2008, p5
Trade Publication
This article reports on the $120 million funding round announced by GridPoint, a company that helps utilities monitor and balance demands on the electric grid. It plans to use the funds to fuel the company's expansion strategy. As part of this strategy, GridPoint acquired V2Green, whose technology enables plug-in electric vehicles to communicate with the electric grid and charge up. Existing investors, such as Goldman Sachs Group and Altira Group, enabled GridPoint to raise more than $220 million.


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