GridWiz Inc. Asset Profile

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Year established

2013

Location

Gyeonggi-do Gyeonggi South Korea

Primary Industry

Power & Utilities

About

Based in Seongnam, South Korea, and founded in 2013, GridWiz Inc. is an energy demand management company that serves as distributed energy resources (DER) platform by which power is supplied to businesses in need. The company operates renewable energy infrastructure such as a storage system (ESS) used for energy storage and a combined charging system (CCS) for electric cars. The company's revenue is generated by re-distributing the excess energy stored by their clients. The company has a strong market position in Korea, accounting for 90 percent market share, and it aims to strengthen its position in global markets which only accounts for 30 percent.

Current Investors

AJU IB Investment, Korea Technology Finance Corporation, SK GAS

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Primary Industry

Power & Utilities

Sub Industries

Electric Utilities, Power Generation Equipment & Services, Renewable Energy

Website

http://www.gridwiz.com

Verticals

Manufacturing

Company Stage

Series C

Total Amount Raised

Subscriber access only

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