About Smart Grid
There are 3.56K companies in the Smart Grid sector across the world, with 1.12K funded companies having collectively raised $37.6B in venture capital money and private equity. Overall 680 of these are Series A+ funded and the sector has seen the creation of 8 Unicorns.
Smart Grid sector has seen 342 acquisitions and 91 IPOs. This represents almost 12.1% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes electricity Grid that uses digital communications technology and IoT to deliver its solutions.
Smart Grid sector is also known as -.
Companies included in Smart Grid sector
Advanced Metering Infrastructure (AMI), T&D Management, utility services, data analytics, microgrids, demand side management are the divisions covered in smart gridCompanies excluded in Smart Grid sector
Power and distribution giants like General Electric, Schneider Electric and Siemens are excludedMarket Map of Smart Grid
The market map of Smart Grid gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Top 3 trending business models in Smart Grid sector are Advanced Metering Infrastructure, Grid Monitoring and Intelligence and Microgrid.
Reports related to Smart Grid
Here are some reports related to Smart Grid sector:
Free
Smart Grid - Sector Report
Edition: September, 2026 (75 Pages)
Premium
Smart Grid Investor Landscape
Edition: May, 2025 (12 Pages)
Premium
Smart Grid Exit Landscape
Edition: August, 2026 (15 Pages)
View all reports related to Smart Grid. Sign up today!Top Companies in Smart Grid
There are more than 3.56K companies in Smart Grid. OVO Energy is the top Smart Grid company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Smart Grid companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of residential electricity and natural gas supply utility services | Bristol (United Kingdom) | 2009 | Acquired | $258M | |
Manufacturer of electric meters and grid edge data management software | Cham (Switzerland) | 1896 | Acquired | $1.03B | |
Retailer of renewable energy and provider of sustainable home technology | London (United Kingdom) | 2015 | Series G | $2.8B | |
Developer of utility-scale renewable energy projects | Boston (United States) | 2001 | Acquired | $168M | |
Smart energy platform providing real-time electricity usage insights for homes and utilities | Cambridge (United States) | 2013 | Series D | $177M |
Companies founded year-on-year in the Smart Grid sector
92 new startups have been founded so far in 2026 in the Smart Grid sector. 190 Smart Grid startups were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 92 |
2025 | 62 |
2024 | 56 |
2023 | 78 |
2022 | 68 |
2021 | 65 |
2020 | 108 |
2019 | 136 |
2018 | 172 |
2017 | 190 |
Companies founded across countries in the Smart Grid sector
United States has 1,001 Smart Grid startups, the most by any country, followed by United Kingdom which has 362 startups and Germany which has 318.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 1,001 |
United Kingdom | 362 |
Germany | 318 |
India | 226 |
Canada | 132 |
China | 129 |
Australia | 127 |
Netherlands | 92 |
France | 79 |
Spain | 65 |
Stage-wise distribution of the Smart Grid sector
Out of the total 3,565 Smart Grid companies, 1,116 have secured funding. Among them, 680 have reached Series A or higher, and 534 to Series B or beyond.
Founded - 3,565
Funded - 1,116
Series A+ - 680
Series B+ - 534
Series C+ - 482
Company Stage | No. of companies |
|---|---|
Founded | 3,565 |
Funded | 1,116 |
Series A+ | 680 |
Series B+ | 534 |
Series C+ | 482 |
Want to know more about Smart Grid ? Signup and explore Tracxn for free
- 3.6K+ Total Companies
- $37.6B+ Total Funding
- 1.1K+ Funded Companies
- 90+ IPOs
- 340+ Acquisitions
- 15+ Reports
Funding Trends in the Smart Grid sector
Total funding year-on-year in the Smart Grid sector
The Smart Grid sector saw a total funding of more than $31.6B in the last 10 years. The most amount of funding was in 2025 at more than $9.36B. There has been a total funding of $5.21B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $5.21B |
2025 | $9.36B |
2024 | $2.26B |
2023 | $2.17B |
2022 | $2B |
2021 | $3.91B |
2020 | $1.52B |
2019 | $1.29B |
2018 | $2.99B |
2017 | $841M |
Total funding across countries in the Smart Grid sector
In the last 10 years, Smart Grid startups in United States have recieved the highest funding among all countries - $21.3B. United Kingdom follows with $5.54B and Canada with $440M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $21.3B |
United Kingdom | $5.54B |
Canada | $440M |
China | $438M |
Australia | $431M |
Germany | $377M |
Sweden | $343M |
Netherlands | $202M |
India | $162M |
Spain | $154M |
Total funding amount raised by stage in the Smart Grid sector
Over the last 10 years, the Smart Grid sector have seen $833M into Seed Stage funding rounds, $3.88B into Early Stage funding rounds and $11.5B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $11.5B |
Debt | $11.2B |
Early Stage | $3.88B |
Post IPO | $1.75B |
PE | $922M |
Seed Stage | $833M |
Grant | $641M |
ICO | $44.3M |
Recent Funding Rounds in Smart Grid
In the year 2026, till September 2026, Smart Grid companies have raised $4.72B in equity funding across 55 rounds.
In the same period last year (i.e. till September 2025), Smart Grid companies had raised $726M across 66 rounds.
So, 2026 has seen a 550.41% rise in funding in Smart Grid companies as compared to 2025.
Here are some recent, important funding rounds in Smart Grid:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
PE | 7455 | Sep 23, 2026 | ||
Series A | 4392 | Sep 23, 2026 | - | |
Series E | 2172 | Sep 21, 2026 | and 3 more | |
Series A | 8145 | Sep 17, 2026 | ||
Series B | 1037 | Sep 15, 2026 | and 6 more |
Top Investors in Smart Grid
Europa is the top investor in Smart Grid companies based on number of companies invested.
Here are some top investors in Smart Grid:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
San Francisco (United States) | ||
Brussels (Belgium) | ||
New York City (United States) |
M&A activity in Smart Grid
In the year 2026, till September 2026, 20 acquisitions happened in Smart Grid sector. Last year, in 2025, a total of 31 acquisitions happened in Smart Grid sector.
Here are some recent, important acquisitions in Smart Grid:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 10, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Aug 12, 2026 | ||
Business Acquisition | Aug 03, 2026 | ||
Business Acquisition | Jul 31, 2026 |
Acquisition trends in Smart Grid
Here are the acquisition trends in Smart Grid:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 20 |
2025 | 31 |
2024 | 30 |
2023 | 21 |
2022 | 34 |
2021 | 38 |
2020 | 19 |
2019 | 31 |
2018 | 24 |
2017 | 28 |
IPOs in Smart Grid
In the year 2026, till July 2026, 2 IPOs happened in Smart Grid sector.
Here are some recent, important IPOs in Smart Grid:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 29, 2026 | Tokyo Stock Exchange (TYO) | |
Jun 10, 2026 | New York Stock Exchange (NYSE) | |
Apr 22, 2025 | Tokyo Stock Exchange (TYO) | |
Dec 09, 2024 | Tokyo Stock Exchange (TSE) | |
Apr 24, 2024 | Tokyo Stock Exchange (TSE) |
Colleges which produce the most Smart Grid companies
Companies founded by alumni from top colleges in the Smart Grid sector
Most number of Smart Grid startups have been founded by alumni from Massachusetts Institute of Technology, Stanford University and University of Cambridge.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 25 |
Stanford University | 20 |
University of Cambridge | 17 |
Harvard University | 16 |
Imperial College London | 15 |
University of California (Berkeley) | 14 |
Cornell University | 13 |
INSEAD | 12 |
University of Oxford | 12 |
Tel Aviv University | 10 |
Total funding in companies founded by alumni from top colleges in the the Smart Grid sector
In the last 10 years, The University of Queensland graduates' Smart Grid companies have raised the most funding among top colleges. University of Cambridge alumni are second, and INSEAD alumni are third.
College | Total Funding |
|---|---|
The University of Queensland | $4.25B |
University of Cambridge | $3.25B |
INSEAD | $639M |
Imperial College London | $470M |
Stanford University | $399M |
Booth School of Business | $367M |
University of California (Berkeley) | $327M |
University of Edinburgh | $283M |
University of Oxford | $277M |
University of California (Los Angeles) | $240M |
Top News in Smart Grid
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Franklin Energy and New Mexico Gas Company Partner to Expand Access to Energy SavingsGlobeNewswire•Oct 01, 2026•Franklin Energy, New Mexico Gas
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Landis+Gyr Introduces Revelo E370 for Enhanced Grid Edge Intelligence and Deployment FlexibilityMiningstockeducation•Sep 30, 2026•Landis+Gyr
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envelio Integrates AI Assistants into Leading Distribution Grid Software with IGP AgentsPR Newswire•Sep 28, 2026•envelio
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CleanSpark Seeks $2.2B Junk-Bond Offering for Meta-Linked AI Data CenterCryptocurrency•Sep 17, 2026•CleanSpark, Meta
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Japanese Duo Launches Second Fund Targeting 300 MW of Rooftop Solar ProjectsRenewables Now•Aug 13, 2026•Tokyu Land, Grid Solutions
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