ABB, headquartered in Zurich, Switzerland, is a global leader in power and automation technologies. With operations in over 100 countries, ABB offers a wide range of products, systems, solutions, and services for various industries, including electric, gas, and water utilities, as well as industrial and commercial customers. Its portfolio spans smart grids, robotics, renewable energy, marine vessels, and motors. ABB's business-led venture capital arm, ABB Ventures, invests in breakthrough technology companies aligned with ABB's strategic goals, focusing on sectors such as robotics, industrial IoT, AI/machine learning, energy transition, and electric mobility. Since its inception in 2009, ABB Ventures has deployed around $500 million into startups, with investments typically ranging from $1 to $20 million. Additionally, ABB Product Group Solar operates as a solar inverter business, and ABB Power Systems AB manufactures high-voltage direct current transmission equipment.
To-U is a software platform focused on managing and monetizing electric vehicle (EV) charging infrastructure. It offers a user-friendly experience that allows EV drivers to reserve charging stations in advance, enhancing convenience and confidence in the charging process. The platform not only facilitates access to charging but also integrates additional services and amenities for users while they charge their vehicles. By increasing foot traffic to charging locations, To-U helps environmentally responsible businesses reduce customer acquisition costs while simultaneously improving customer satisfaction and loyalty. This innovative approach positions To-U as a leader in the EV charging management sector, promoting a seamless and efficient charging experience.
Edgecom Energy
Seed Round in 2025
Edgecom Energy operates an energy management platform that focuses on optimizing energy consumption for its clients. The platform provides various tools and portals that allow users to measure their energy usage, track energy waste, monitor bills, and access real-time consumption data. In addition, it features alarm systems and demand response capabilities. By utilizing these tools, businesses can effectively reduce their energy costs and emissions, leading to significant savings and more efficient energy use.
Eneryield
Seed Round in 2024
Eneryield specializes in developing a machine learning tool aimed at addressing power quality disruptions in electric power systems. This innovative tool offers intelligent energy analytics and control over electricity flow, effectively compressing large datasets into actionable insights. By classifying and pinpointing the root causes of power quality events, Eneryield equips clients with the information necessary to take corrective actions, thereby mitigating disturbances. The company's solutions help reduce energy losses, minimize wear and tear on components, and decrease production downtimes, ultimately enhancing operational efficiency for its users.
GridBeyond
Series C in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.
Zaphiro
Series A in 2022
Zaphiro is a company that specializes in developing real-time monitoring and automation systems aimed at improving the efficiency and profitability of electrical grid operations. Founded in April 2017 as a spin-off of the Swiss Federal Institute of Technology in Lausanne, it was established by researchers Paolo Romano, Marco Pignati, and Lorenzo Zanni. The company’s technology provides a comprehensive view of energy flows within the grid and enhances fault detection capabilities. By utilizing distributed sensing and a central grid controller, Zaphiro enables clients to safely incorporate renewable energy sources and electric vehicles into their systems. Its solutions facilitate quick responses to electrical faults, thereby reducing the impact of power outages.
Siemens - Low Voltage NEMA Motor Business
Acquisition in 2022
Siemens - Low Voltage NEMA Motor Business consisted of a line of horizontal and vertical induction motors serving industries such as food and beverage, oil and gas, mining and aggregate, and water and wastewater.
ChargeLab
Series A in 2022
ChargeLab Inc., established in 2015 and headquartered in Toronto, Canada, specializes in developing and manufacturing electronic vehicle charging stations. The company's core business lies in creating a hardware-agnostic, user-friendly platform that connects, manages, and optimizes various EV charging stations. ChargeLab caters to a diverse range of clients, including the Government of Canada, multinational real estate investment trusts, parking operators, and property managers. By offering affordable, turnkey charging services, the company enables businesses to deploy and manage large-scale EV charging networks efficiently.
GO TO-U
Funding Round in 2021
To-U is a software platform focused on managing and monetizing electric vehicle (EV) charging infrastructure. It offers a user-friendly experience that allows EV drivers to reserve charging stations in advance, enhancing convenience and confidence in the charging process. The platform not only facilitates access to charging but also integrates additional services and amenities for users while they charge their vehicles. By increasing foot traffic to charging locations, To-U helps environmentally responsible businesses reduce customer acquisition costs while simultaneously improving customer satisfaction and loyalty. This innovative approach positions To-U as a leader in the EV charging management sector, promoting a seamless and efficient charging experience.
Atom Power
Series B in 2020
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
Atom Power
Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
GE Industrial Solutions
Acquisition in 2017
GE Industrial Solutions, rooted in a legacy that dates back 130 years to Thomas Edison, specializes in the design and manufacture of electrical circuits and systems for diverse sectors including commercial, healthcare, mining, and telecommunications. The company provides a comprehensive range of products such as automatic transfer switches, power systems, surge protective devices, switch gears, overhead relays, terminal blocks, motor controls, circuit breakers, and transformers. In addition to its product offerings, GE Industrial Solutions delivers various services, including defective parts repair, emergency repairs, and project management that encompasses scheduling, purchasing, tracking, engineering, and construction management. With a presence in over 60 countries, the company is dedicated to helping clients address their electrical distribution and power challenges through innovative solutions.
Bonsai
Series A in 2017
Bonsai offers an AI platform that empowers enterprises to build and deploy intelligent systems. By completely automating the management of complex machine learning libraries and algorithms, Bonsai enables enterprises to program AI models that improve system control and enhance real-time decision support. Businesses use these models today to increase automation and improve operational efficiency of industrial systems including robotics, manufacturing, supply chain, logistics, energy and utilities. Based in Berkeley, CA, Bonsai is backed by leading investors including NEA, Microsoft Ventures, ABB, Samsung NEXT and Siemens.
Atom Power
Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.
Industrial Defender
Series B in 2012
Industrial Defender Inc. specializes in cybersecurity, compliance, and change management solutions tailored for operational technology in industries such as electric utilities, chemical processing, transportation, water, and oil and gas. The company provides a range of products, including the Automation Systems Manager, which offers asset management, security event management, configuration management, and compliance reporting. Additional offerings include a Network Intrusion Detection System, Access Manager for critical cyber asset protection, and Compliance Manager to help clients meet auditing requirements. The firm also provides deployment, system monitoring, and managed services to enhance security and operational resilience. Founded in 1996 and based in Foxborough, Massachusetts, Industrial Defender focuses on equipping organizations with the visibility and situational awareness needed to manage cybersecurity risks effectively. The company has established a strategic partnership with Schneider Electric to further enhance its capabilities in safeguarding industrial control systems.
TaKaDu
Series B in 2012
TaKaDu Ltd. is a global software provider specializing in integrated event management solutions for the water industry. Founded in 2009 and based in Yehud, Israel, the company offers a cloud-based platform that helps water utilities detect, analyze, and manage various network events, including leaks, bursts, and operational failures. By utilizing advanced statistical and mathematical algorithms, TaKaDu transforms utility data into actionable insights, supporting improved decision-making for both operational and strategic purposes. Its solution encompasses multiple modules, including event management, data analytics, and reporting, enabling utilities to enhance efficiency and reduce non-revenue water while gaining comprehensive visibility across their operations.
Thomas & Betts
Acquisition in 2012
Thomas & Betts is a designer and manufacturer of a wide range of electrical and electronic connectors and components, serving global construction and original equipment manufacturer (OEM) markets. Headquartered in Memphis, Tennessee, the company operates across three primary segments: Electrical, Steel Structures, and Heating, Ventilation, and Air-Conditioning (HVAC). Its products are marketed directly to OEMs, utilities, and end-users, as well as through various distribution channels, including mass merchandisers and home improvement centers. The company's diverse portfolio caters to industrial, construction, retail, utility, and communications sectors, emphasizing quality and innovation in its offerings.
Newave Energy Holding
Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.
Envitech Energy
Acquisition in 2011
Envitech Energy supplies rail electrical equipment and solutions for urban transportation applications.
Powercorp
Acquisition in 2011
Powercorp specializes in automation and intelligent control solutions aimed at optimizing renewable energy generation in isolated grids. The company focuses on integrating renewable energy sources, such as wind and solar, into diesel-powered grids to enhance power quality and stability while reducing emissions and dependence on fossil fuels. Its technologies manage the balance between energy generation and consumption, enabling utility-grade power quality. Additionally, Powercorp provides systems that dynamically store and release energy to address frequency and voltage fluctuations, ensuring the stability of small or remote grids. Through its innovative applications, Powercorp contributes to more sustainable energy management in isolated environments.
Baldor Electric
Acquisition in 2011
Baldor Electric, a division of ABB, specializes in the manufacturing of mechanical power-transmission equipment. The company offers a range of products including industrial electric motors, mechanical power transmission products, drives, and generators. By focusing on power and automation solutions, Baldor Electric serves various sectors such as utilities, industries, and transportation, helping customers enhance their operational efficiency while reducing environmental impact. With a strong commitment to innovation and quality, Baldor Electric plays a significant role in the global market for electric power solutions.
Trilliant
Venture Round in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Trilliant
Series B in 2010
Trilliant is a prominent provider of intelligent network solutions that facilitate the transition to a Smart Grid. Established in 1985, the company specializes in advanced metering infrastructure (AMI), demand response, and grid management solutions, combining hardware, software, and services to create a comprehensive smart grid ecosystem. Trilliant's offerings include installation, program management, and meter revenue cycle services, tailored to meet the diverse needs of utility companies. The company provides a wide range of flexible options, from meter and network infrastructures to full or hybrid outsourcing models. Its smart grid communications platform supports various applications, such as power outage reporting, time-of-use billing, and power quality monitoring, enabling utility operators to optimize asset management and grid performance. Trilliant serves over 100 utility customers, including major names like Duke Energy and Hydro Quebec, and operates as a privately owned entity.
Ventyx
Acquisition in 2010
Ventyx, Inc. specializes in providing software, data, and advisory services aimed at enhancing the management of customers, workforce, inventory, equipment, tools, and documentation for asset-intensive industries. The company offers solutions in mobile workforce management, asset management, customer care, energy trading and risk management, energy operations, and energy analytics, helping clients effectively plan and forecast electricity needs, including those related to renewable energy. Established in 1997 and headquartered in Atlanta, Georgia, Ventyx has expanded its presence with regional offices across the United States and internationally in countries such as Australia, Japan, the United Kingdom, France, Denmark, and South Africa. Formerly known as Indus International, Inc., Ventyx rebranded in March 2007 to reflect its focus on the energy, utilities, communications, and chemical sectors, as well as the oil and gas industry.
Kuhlman Electric Corp.
Acquisition in 2008
Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.
Hybrid Energy Storage Solutions
Hybrid Energy Storage Solutions S.L., based in La Rinconada, Spain, specializes in providing hybrid energy storage systems (HESS) that integrate multiple energy storage technologies, such as batteries, ultracapacitors, and fuel cells. Established in 2018, the company leverages advanced power electronics and patented energy management algorithms to create a flexible hardware and software platform, enhancing the economic viability of its solutions. HESS is designed to optimize customer-specific applications across various levels of the electrical grid, offering a wide array of grid services. The company also develops Intelligent Node Management Systems (iNMS) and Energy Management Systems (EMS) that facilitate real-time management and optimization of energy storage systems. Additionally, Hybrid Energy Storage Solutions offers consultancy services to assist clients in determining optimal sizing and operational strategies tailored to specific scenarios, thereby generating effective business models. This innovative approach minimizes environmental impact while maximizing efficiency and performance in energy storage and smart grid applications.
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