Montreal-based dcbel, a company that offers AI-driven sustainable technologies to help people leverage solar energy to power their cars, homes, and lifestyles, announced that it has secured $50M+ (approximately €46M+) in a Series B round of funding.
The investment came from existing investors including Volvo Cars, Coatue, Kevin Mahaffey, and Real Ventures. Idealist Capital and Investissement Québec are also joining the funding round.
As part of the deal, Pierre Larochelle, Idealist Capital’s co-managing partner (member of the investment committee) will be appointed to the dcbel Board of Directors.
With extensive financial advisory and investment experience spanning 25 years, Larochelle has actively invested in renewable energy, electric transportation, and sustainability sectors for over a decade. He currently holds the position of Chairman of the Board at The Lion Electric Company.
Larochelle says, “For over a decade, I have focused on climate impact investments in the renewable energy and storage, energy efficiency and electrification sectors. dcbel sits at the nexus of all these industries, representing a truly exciting opportunity to change the way we think about home energy. I am honored to join dcbel’s board as the company brings its innovations to market.”
Capital utilisation
dcbel says it will use the money to accelerate the development and deployment of its Home Energy Station, which empowers homeowners to manage their energy usage through renewable assets like solar panels, batteries, and electric vehicles.
The solution aims to prevent blackouts, save money during peak energy prices, and contribute to grid stability.
Marc-Andre Forget, CEO of dcbel says, “This funding positions our company to accelerate our growth and is a testament to the strength of our team, product and traction. We are proud of bringing to market a sustainable solution to accelerate the energy transition and give homeowners control over their energy.”
dcbel; everything you need to know
dcbel, established in 2015, is driven by the vision of providing clean and reliable energy for all. The company’s Home Energy Station technology empowers users to manage energy supply through a compact device.
The dcbel r16 Home Energy Station is an all-in-one home energy solution. It offers bidirectional EV charging, a robust solar and stationary battery inverter, and AI capabilities. By studying historical energy data, the device predicts energy needs and procures cost-effective clean electricity.
dcbel’s Orchestrate OS platform is open to third-party apps, enabling customers to easily and safely subscribe to various energy programmes without needing extra home equipment. The Home Energy Station manages energy trading, benefiting both utilities and consumers.
The r16 Home Energy Station is the first of several products designed to help homeowners reduce costs. The product can be reserved online at dcbel.energy.
