MONTREAL, 21 August 2023: dcbel, a pioneering smart home energy company, has successfully concluded a Series B funding round, raising over USD 50m. The funding round witnessed the participation of prominent investors, including Idealist Capital, Volvo Cars, Coatue, Kevin Mahaffey, Real Ventures, and Investissement Quebec.
This influx of funds positions dcbel to expedite the deployment of its cutting-edge Home Energy Station across targeted regions. The station empowers homeowners to harness renewable energy sources like solar panels, stationary batteries, and electric vehicles (EVs) to enhance grid stability, save costs, and contribute to a sustainable energy future.
Expanding Investment Landscape
dcbel has drawn notable investors into its fold, with Pierre Larochelle, Co-Managing Partner of Idealist Capital, joining the company’s Board of Directors. With his extensive experience in renewable energy and sustainable investment, Mr. Larochelle brings a wealth of knowledge to the table. His involvement underscores the transformative potential of dcbel’s home energy innovation.
A Vision for Sustainable Home Energy
Marc-Andre Forget, CEO of dcbel, expressed his enthusiasm for the infusion of investor support. He highlighted that the funding not only accelerates the company’s growth trajectory but also validates the impact of dcbel’s solutions. The company’s Home Energy Station introduces a sustainable avenue for homeowners to gain control over their energy consumption, facilitating a seamless transition to cleaner, more efficient energy use.
Revolutionary Home Energy Solution
At the heart of dcbel’s innovation lies the r16 Home Energy Station, a pioneering all-in-one solution for home energy needs. Combining bidirectional EV charging, a robust solar and stationary battery inverter, and AI capabilities, this device ushers in a new era of energy management. By analyzing historical energy consumption patterns, the device predicts energy requirements, ensuring optimal electricity usage at minimal cost.
Empowering Customers with Orchestrate OS
dcbel’s Orchestrate OS platform marks a revolutionary step in energy management. The platform extends an open invitation to third-party applications, enabling seamless subscriptions to various energy programs from utilities, energy service providers, microgrids, and virtual power plants. This unique flexibility eliminates the need for additional equipment installation, fostering user convenience. The Home Energy Station even facilitates energy trading on behalf of subscribers, creating a win-win situation for both users and utility providers.
A Glimpse into the Future
The r16 Home Energy Station is the pioneer in a series of transformative products that dcbel has in store. As the company continues to innovate, homeowners can anticipate a range of solutions designed to trim daily expenses while championing sustainable practices. The r16 Home Energy Station can be reserved online through dcbel’s official website, reflecting the company’s commitment to accessible and user-friendly energy solutions.
dcbel’s successful Series B funding round signifies a resounding endorsement of its visionary approach to home energy management. With the Home Energy Station at its core, the company pioneers a new era of sustainable energy consumption. Backed by a consortium of esteemed investors, dcbel’s journey to transform energy use in homes gains momentum, promising a greener and more efficient future for all.