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Smart energy firm gridComm closes S$689K funding from Get2Volume for more robust power lines

Get2Volume and Singapore’s National Research Foundation have funded smart grid startup gridComm for next-generation product development.

Green energy is a hot topic today, with greenhouse gases on the rise and global warming a threat to the environment. Singapore startup gridComm is addressing the need for more efficient power transmission through improving the reliability of data communications across the power grid. gridComm and Get2Volume have announced a funding of S$689,000 (US$557,000), in order to better address the need for more efficient smart grid communications. “We are excited to incubate and fund gridComm to address industry in power line communications solutions,” said Get2Volume CEO Mike Holt. gridComm has recently announced its GC9100 power line communications module and GC9200 DIN rail modem, providing robust and reliable power line communications. “We see significant demand for our power line communications modules for smart grid, street lights and industrial control applications,” said TL Nge, gridComm vice president of marketing and sales, noting that the investment will help the startup meet the growing demand for power line communication devices. gridComm develops intelligent machine-to-machine communication devices, which leads to greater efficiency and productivity. Smart grid and smart home development are a fast-growing market of about 700 million nodes, which include smart meters, LED street lights and connected appliances. The market for these components in the next five years is projected at US$3 billion.

Get2Volume, headquartered in Singapore, is an incubator and accelerator that mentors and helps innovative early-stage microelectronics-centric startups grow, in partnership with the country’s National Research Foundation.