When was Microgrid Labs founded?

Microgrid Labs was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is Microgrid Labs located?

Microgrid Labs is headquartered in Durham, United States.

Who is the current CEO of Microgrid Labs?

Narayana Sankar Narayanan of Microgrid Labs. They have also founded 1 company.

How many employees does Microgrid Labs have?

As of Sep 30, 2026, the latest employee count at Microgrid Labs is 18.

Is Microgrid Labs a funded company?

Microgrid Labs is a funded company, having raised a total of $2.25M across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Dec 15, 2016.

When was the latest funding round of Microgrid Labs?

Microgrid Labs' latest funding was a $***** Seed round on Dec 16, 2021, with participation from 3 investors.

Where does Microgrid Labs rank among its competitors?

Microgrid Labs ranks 51st amongst 260 active competitors, of which 61 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Axle Energy, which secured $25M in Jul, 2026.

Who are the top competitors of Microgrid Labs?

Microgrid Labs' top competitors include Einride, Voltus and Magenta. Among them, Axle Energy secured the most recent funding round in July, 2026.

Microgrid Labs - 2026 Company Profile, Team, Funding & Competitors

Microgrid Labs is a seed company based in Durham (United States), founded in 2014 by Narayana Sankar Narayanan and Namit Singh. It operates as a Provider of microgrid implementation solutions. Microgrid Labs has raised $2.25M in funding from Innosphere Ventures. The company has 260 active competitors, including 61 funded and 31 that have exited. Its top competitors include companies like Einride, Voltus and Magenta.

Company Details

Provider of microgrid implementation solutions. It allows users to analyze the state of operation, evaluates distributed generation options, and design an economical solution. Products offered include Deropt - which is a microgrid modelling platform and Evopt - a platform for modelling, simulation, and optimization of the EV battery, charging and more. Services offered also include microgrid consulting.

Website: microgridlabs.com
Social
Email ID: *****@microgridlabs.com
Phone Number: +1 **********

Key Metrics

Founded Year

2014

Location

Durham, United States

Stage

Seed

Total Funding

$2.25M in 5 rounds

Latest Funding Round

Seed, Dec 16, 2021, $*****

Investors

Innosphere Ventures & 5 more

Ranked

51^st among 260 active competitors

Employee Count

18 as on Sep 30, 2026

Similar Companies

Einride & 256 more

View Microgrid Labs' full profile

Microgrid Labs has raised a total funding of $2.25M over 5 rounds. Its first funding round was on Dec 15, 2016. Its latest funding round was a Seed round on Dec 16, 2021 for $*****. 3 investors participated in its latest round. Microgrid Labs has 6 institutional investors.

Here is the list of recent funding rounds of Microgrid Labs:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2021	4314934	Seed	2555885	2656159	4288669	9042185
May 22, 2020	8340314	Grant (prize money)	4604200	6342963	1221372	3975065
May 01, 2020	3915204	Grant (prize money)	2963799	4885657	1437193	America’s Seed Fund

Access funding benchmarks and valuations. Sign up today!

View details of Microgrid Labs's funding rounds and investors

The founders of Microgrid Labs are Narayana Sankar Narayanan and Namit Singh. Narayana Sankar Narayanan is the CEO of Microgrid Labs.

Here are the details of Microgrid Labs' key team members:

Narayana Sankar Narayanan: Founder and CEO of Microgrid Labs.
Contact Info: 1 phone number
Namit Singh: COO | CoFounder of Microgrid Labs.

View details of Microgrid Labs's Founder profiles and Board Members

Microgrid Labs' employee count trend

Microgrid Labs has 18 employees as of Sep 26. Here is Microgrid Labs's employee count trend over the years:

Uncover Microgrid Labs' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Microgrid Labs include Einride, Voltus and Magenta. Here is the list of Top 10 competitors of Microgrid Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Einride 2016, Stockholm (Sweden), Series E	Provider of electric and autonomous freight transportation solutions	$865M	Northzone, EQT & 37 others	74/100
2nd	Voltus 2016, San Francisco (United States), Public	Provider of demand response services for energy users and operators	$66.2M	NGP Energy Technology Partners, Activate Capital ... & 4 others	67/100
3rd	Magenta 2018, Navi Mumbai (India), Series A	Provider of electric vehicle fleets and charging infrastructure management services	$49.5M	Morgan Stanley, HPCL & 60 others	66/100
4th	Weave Grid 2018, San Francisco (United States), Series B	Developer of a platform for electric vehicle and grid integration	$78M	Salesforce Ventures, Coatue & 22 others	65/100
5th	ETO Motors 2018, Hyderabad (India), Seed	Manufacturer of electric three-wheelers, electric autos, and EV charging solutions	$15.2M	Trinity Infraventures, Y Capital & 14 others	64/100
6th	GridBeyond 2010, London (United Kingdom), Series C	Developer of software for managing distributed and flexible energy resources	$89.9M	Greencoat Capital, Enterprise Ireland & 41 others	64/100
7th	Polarium 2015, Stockholm (Sweden), Series D	Manufacturer of lithium ion battery energy storage and management systems	$274M	Alecta, Vargas Holding & 7 others	62/100
8th	Flipturn 2022, New York City (United States), Acquired	Provider of EV charging management software for fleets, multifamily properties, and commercial businesses	$20.1M	Accel, CRV & 3 others	61/100
9th	Virtual Peaker 2015, Louisville (United States), Series A	Provider of solutions for demand response and energy intelligence	$19.8M	Moore Strategic Ventures, FreshTracks Capital ... & 5 others	60/100
10th	Axle Energy 2023, London (United Kingdom), Series A	Provider of a platform connecting home energy assets to electricity markets	$35.6M	Picus Capital, Energize Capital & 6 others	60/100
51st	Microgrid Labs 2014, Durham (United States), Seed	Provider of microgrid implementation solutions	$2.25M	Innosphere Ventures, Jacobs & 4 others	40/100