About Smart Grid
There are 2.95K companies in the Smart Grid sector across the world, with 1.08K funded companies having collectively raised $32B in venture capital money and private equity. Overall 643 of these are Series A+ funded and the sector has seen the creation of 6 Unicorns.
Smart Grid sector has seen 327 acquisitions and 73 IPOs. This represents almost 13.6% of all such companies - which is higher than the 4.9% 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: November, 2025 (74 Pages)
Premium
Smart Grid Investor Landscape
Edition: May, 2025 (12 Pages)
Premium
Smart Grid Exit Landscape
Edition: May, 2025 (12 Pages)
View all reports related to Smart Grid. Sign up today!Top Companies in Smart Grid
There are more than 2.95K 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 |
|---|---|---|---|---|---|
App-based power supplier from renewable energy sources | Bristol (United Kingdom) | 2009 | Series D | $516M | |
AI-powered distributed energy platform delivering clean, reliable power in Global South | Fort Collins (United States) | 2007 | Series D | $74.3M | |
Provider of AI and app-based energy monitoring solutions | Cambridge (United States) | 2013 | Series D | $195M | |
Provider of utility bill management platform | London (United Kingdom) | 2015 | Series F | $1.96B | |
Provider of advanced grid infrastructure, energy management, and smart metering solutions | Cham (Switzerland) | 1896 | Acquired | $1.03B |
Companies founded year-on-year in the Smart Grid sector
2 new startups have been founded so far in 2026 in the Smart Grid sector. 175 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 | 2 |
2025 | 13 |
2024 | 26 |
2023 | 58 |
2022 | 51 |
2021 | 47 |
2020 | 98 |
2019 | 128 |
2018 | 160 |
2017 | 175 |
Companies founded across countries in the Smart Grid sector
United States has 842 Smart Grid startups, the most by any country, followed by United Kingdom which has 306 startups and Germany which has 269.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 842 |
United Kingdom | 306 |
Germany | 269 |
India | 196 |
Canada | 122 |
China | 111 |
Australia | 103 |
Netherlands | 84 |
France | 73 |
Spain | 61 |
Stage-wise distribution of the Smart Grid sector
Out of the total 2,951 Smart Grid companies, 1,081 have secured funding. Among them, 643 have reached Series A or higher, and 505 to Series B or beyond.
Founded - 2,951
Funded - 1,081
Series A+ - 643
Series B+ - 505
Series C+ - 454
Company Stage | No. of companies |
|---|---|
Founded | 2,951 |
Funded | 1,081 |
Series A+ | 643 |
Series B+ | 505 |
Series C+ | 454 |
Want to know more about Smart Grid ? Signup and explore Tracxn for free
- 3K+ Total Companies
- $32B+ Total Funding
- 1.1K+ Funded Companies
- 70+ IPOs
- 325+ Acquisitions
- 10+ 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 $25.9B in the last 10 years. The most amount of funding was in 2025 at more than $8.44B. There has been a total funding of $309M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $309M |
2025 | $8.44B |
2024 | $1.72B |
2023 | $2.56B |
2022 | $2.32B |
2021 | $3.89B |
2020 | $1.51B |
2019 | $1.35B |
2018 | $2.98B |
2017 | $853M |
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 - $16.2B. United Kingdom follows with $5.61B and Canada with $431M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $16.2B |
United Kingdom | $5.61B |
Canada | $431M |
Germany | $381M |
Australia | $335M |
Sweden | $330M |
Netherlands | $201M |
Spain | $74.9M |
India | $55.7M |
France | $48.4M |
Total funding amount raised by stage in the Smart Grid sector
Over the last 10 years, the Smart Grid sector have seen $771M into Seed Stage funding rounds, $3.74B into Early Stage funding rounds and $7.45B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Debt | $10.4B |
Late Stage | $7.45B |
Early Stage | $3.74B |
Post IPO | $1.76B |
PE | $922M |
Seed Stage | $771M |
Grant | $560M |
ICO | $44.3M |
Recent Funding Rounds in Smart Grid
In the year 2026, till April 2026, Smart Grid companies have raised $309M in equity funding across 20 rounds.
In the same period last year (i.e. till April 2025), Smart Grid companies had raised $697M across 35 rounds.
So, 2026 has seen a 55.63% drop 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 |
|---|---|---|---|---|
Series A | 2351 | Apr 02, 2026 | and 2 more | |
Series A | 5787 | Mar 31, 2026 | ||
Series C | 9664 | Mar 16, 2026 | ||
Series B | 7178 | Mar 05, 2026 | ||
Seed | 7447 | Mar 02, 2026 | - |
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 March 2026, 6 acquisitions happened in Smart Grid sector. Last year, in 2025, a total of 28 acquisitions happened in Smart Grid sector.
Here are some recent, important acquisitions in Smart Grid:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 30, 2026 | ||
Business Acquisition | Mar 26, 2026 | ||
Business Acquisition | Mar 24, 2026 | ||
Business Acquisition | Feb 23, 2026 | ||
Business Acquisition | Jan 21, 2026 |
Acquisition trends in Smart Grid
Here are the acquisition trends in Smart Grid:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 6 |
2025 | 28 |
2024 | 30 |
2023 | 20 |
2022 | 33 |
2021 | 38 |
2020 | 19 |
2019 | 32 |
2018 | 24 |
2017 | 28 |
IPOs in Smart Grid
In the year 2025, till April 2025, 1 IPO happened in Smart Grid sector.
Here are some recent, important IPOs in Smart Grid:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 22, 2025 | Tokyo Stock Exchange (TYO) | |
Dec 09, 2024 | Tokyo Stock Exchange (TSE) | |
Apr 24, 2024 | Tokyo Stock Exchange (TSE) | |
Jul 01, 2022 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 02, 2021 | Frankfurt Stock Exchange (FRA) |
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 Harvard University.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 27 |
Stanford University | 26 |
Harvard University | 18 |
University of Oxford | 18 |
INSEAD | 14 |
Imperial College London | 14 |
University of Cambridge | 14 |
Cornell University | 13 |
Harvard Business School | 13 |
University of Toronto | 12 |
Total funding in companies founded by alumni from top colleges in the the Smart Grid sector
In the last 10 years, University of Cambridge graduates' Smart Grid companies have raised the most funding among top colleges. The University of Queensland alumni are second, and University of Pennsylvania alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $2.4B |
The University of Queensland | $1.25B |
University of Pennsylvania | $801M |
University of Oxford | $744M |
Duke University | $737M |
INSEAD | $636M |
University of Edinburgh | $532M |
Stanford University | $529M |
Imperial College London | $455M |
Carnegie Mellon University | $310M |
Top News in Smart Grid
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NIE Networks Uses Drones to Boost Capacity in UK FirstSync NI•Mar 27, 2026•NIE Networks, Heimdall Power
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UK Power Networks and Octopus Energy Team Up to Fast-Track Vehicle-to-Grid DeploymentBusinessGreen•Mar 13, 2026•Uk Power Networks, Octopus Energy, NTPC
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Gridserve Expands Electric Freightway with New eHGV Charging Hubs in EnglandRenewable Energy Magazine•Mar 13, 2026•GRIDSERVE
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Floating solar to cut diesel dependence for remote Asia-Pacific islandsv magazine•Mar 12, 2026•Candela, Canopy Power, Ocean Sun
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Franklin Energy Introduces Patent-Pending Advanced Air Filter CartridgeGlobeNewswire•Feb 24, 2026•Franklin Energy
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CleanSpark Shares Continue Selloff After Missing Revenue EstimatesCryptonews•Feb 06, 2026•CleanSpark
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GRIDSERVE Opens First Public Charging Hubs for Electric HGVs in the UKMobilityplaza•Jan 29, 2026•GRIDSERVE
