Total raised
$2.9M
Last: Seed
Stage
Seed
Founded
2016
Headcount
6
HQ
Netanya
Sector
Energy Tech
About
Vollspark is developing a hardware and software platform designed to turn preexisting standard power transformers into smart transformers. The company's platform stabilizes voltage in the power grid in real time, facilitating the integration of renewable energy into the power grid. Vollspark replaces current power transformers with its solid-state transformer, which uses power electronics to provide flexibility and a fast, dynamic response for power grid stability. In addition to its primary operation as a power transformer, it will provide locally needed reactive power and reduce harmonics.
Funding history · 1 round · $2.9M total
Date unknown
Seed
$1.5M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Vollspark's primary technological focus?
- Vollspark develops a hardware and software platform to convert standard power transformers into smart transformers, aiming to stabilize the power grid and integrate renewable energy.
- When was Vollspark founded?
- Vollspark was founded in March 2016.
- What is the operational status of Vollspark?
- Vollspark is currently inactive, having ceased operations in January 2023.
- What was Vollspark's total raised capital?
- Vollspark raised a total of $2,914,286 USD. For a full financing history, please refer to startupim.
- How many employees did Vollspark have?
- Vollspark had between 1 and 10 employees, with an exact count of 6.
- Which organization provided grants to Vollspark?
- The IIA (Israel Innovation Authority) provided grants to Vollspark in June 2017, March 2018, and January 2019.
- What was the amount of the grant Vollspark received in January 2019?
- In January 2019, Vollspark received a grant of $1,200,000 USD from the IIA.
- What was Vollspark's last funding round?
- Vollspark's last funding round was a Seed round, which raised $1,500,000 USD.
- Who are the founders of Vollspark?
- The founders of Vollspark are Liran Katzir, Doron Shmilovitz, and Shaul Ozeri.
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Energy TechEnergy Production & SourcesEnergy Management & Grid IntegrationClimate TechEnergy TransitionEco-Efficient Transmission and Distribution
Target customers
Energy, Utilities & Waste ManagementUtilitiesElectricity
Business model
B2B
Tags
transmission-and-distributionclimate-techenergyrenewable-energypower-gridssmart-gridenergy-efficiencyelectric-utilitiesenergy-storageindustrial-technologiesenergy-control-and-managementenergy-saving