PHILADELPHIA, PA, ConnectDER, the company that provides fast connection adapters for solar and other distributed energy resources (DER), has announced a $27 million Series C funding round.
Led by Energy Innovation Capital (EIC), the round includes new participation from LG Technology Ventures, Evergy Ventures, Riverstone, and existing investors Skyview Ventures, Clean Energy Ventures, and Avista Development, among others. The funding will be used to scale up ConnectDER's existing solar adapter into new markets, launch a new EV product line and develop a next-generation product suite for multi-asset electrification and integration.
ConnectDER unlocks the massive potential of Distributed Energy Resources (DERs) by turning the meter socket into an all-in-one plug-in point for solar and storage systems, electric vehicles, and beyond, with specific benefits for the user, utility, and the environment. ConnectDER's solutions decrease interconnection time, enhance safety, and decrease balance-of-system costs.
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