Montreal’s dcbel Raises $40M To Bring Smart Home Energy Appliances To Market
Summary
Smart home energy tech startup dcbel, announced Wednesday that it has raised $40 million in funding from investors including Coatue Management, Real Ventures, WTI and Narrative Fund as it rolls out its flagship product. The Montreal-based company’s product, the r16, allows people to charge their electric vehicles quickly at home, harness solar energy, and get through a utility grid blackout by using energy stored in an electric vehicle battery to power their home. And if the user is leaving earlier than usual, they can flag the schedule change in the app and dcbel will plan its energy allocation accordingly. “It’s mostly an appliance that has your back from an energy point of view,” CEO Marc-Andre Forget said in an interview with Crunchbase News. Because dcbel’s technology connects battery storage and EV through one device, it plays a key role in electrification of the home, which “will be one of the most important trends in the next decade,” Coatue Management’s Jaimin Rangwalla said in an emailed statement.