GridPoint acquires V2Green and raises additional 120 M$

GridPoint Inc., a leading clean tech company whose smart grid platform benefits electric utilities, consumers and the environment, announced today at GridWeek that it has acquired V2Green, a Seattle company that provides plug-in electric vehicle grid integration technology – including on-board vehicle communication devices – to enable utilities to “smart charge” electric vehicles anywhere within a service territory. This is the first step in GridPoint's acquisition strategy, which has been fueled by a recent $120 million equity financing, also announced today.
“V2Green is a leading innovator in plug-in electric vehicle management and has been instrumental in defining standards for interfacing electric vehicles with the power grid,” said Peter L. Corsell, President and CEO, GridPoint. “V2Green's best-in-breed software for electric vehicle management enhances our software platform and its corresponding benefits to utilities.”