Volvo Cars Tech Fund Invests in dcbel's Smart Home Energy Solutions
dcbel Inc., a North American smart home energy company, has received a strategic investment from Volvo Cars Tech Fund. The deal, advised by Hoskin & Harcourt LLP, was announced in May 2023.
dcbel's flagship product, the r16 Home Energy Station, enables customers to power their homes and electric vehicles (EVs) using solar energy. The system boasts bi-directional charging capabilities, allowing EVs to supply power back to the home. Additionally, it features a home energy management system, which optimises energy usage and reduces costs.
The investment from Volvo Cars Tech Fund will fuel dcbel's research and development efforts, particularly in the realm of artificial intelligence for its smart home energy system. This technology aims to further minimise energy costs for consumers. The deal was facilitated by a team from Hoskin & Harcourt LLP, including Shahir Guindi, Daniel Stysis, and Michelle Lally, who provided corporate and competition & antitrust advice.
dcbel's innovative r16 Home Energy Station, backed by Volvo Cars Tech Fund's investment, is set to revolutionise smart home energy management. The company's focus on AI-driven cost reduction and bi-directional charging promises a sustainable future for home energy.
