What does GridPoint do?
GridPoint is an energy management technology company that decarbonizes commercial buildings and drives grid modernization. Its platform uses data analytics, machine learning, and intelligent automation to optimize energy use, reduce costs, and support sustainability goals in over 20,000 commercial buildings.
How much did they raise?
The company raised $45M in a funding round in which Marunouchi Innovation Partners, a climate tech fund sponsored by Mitsubishi Corporation, led with a $20M investment. Other participants in the round include Goldman Sachs, I Squared Capital, Shell Ventures, TOMS Capital, Fortress Investment Group, Olympia Group, and QVT Financial.
What are their plans for the money?
With this investment, GridPoint intends to accelerate its growth and expand internationally into Japan and South Korea, which could further enhance its impact on decarbonization and grid modernization across global markets.
What have they achieved so far?
GridPoint's technology is already successfully deployed in over 20,000 commercial buildings, showcasing its proven ability to reduce energy costs and optimize sustainability for commercial enterprises and utilities.
