Philadelphia-based ConnectDER, which sells plug-and-play meter collar adapters for EV chargers, photo voltaic, and battery storage, simply closed a $27 million Collection C funding spherical.

ConnectDER makes meter collars (pictured above) which can be put in between the house’s meter and the meter socket to create a single entry level for distributed vitality assets (DER) set up.

Costly electrical panel upgrades are ceaselessly wanted in properties in an effort to assist the extra vitality demand of DER merchandise like EV charging, photo voltaic panels, warmth pumps, and different good home equipment. ConnectDER’s meter adapter platform helps bridge that hole, particularly for underserved populations that extra ceaselessly reside in older, underpowered properties.

The collar provides new electrical service capability, thus making {an electrical} panel improve pointless. ConnectDER says it solely takes an hour to put in the meter collar, and the age of your own home and your private home’s amperage limits are irrelevant.

ConnectDER’s $27 million Collection C funding spherical, which was led by Energy Innovation Capital, consists of new participation from LG Technology Ventures, Evergy Ventures, and Riverstone, in addition to current traders Skyview Ventures, Clean Energy Ventures, and Avista, amongst others.

ConnectDER will use the Collection C funds to scale up its current photo voltaic adapter into new markets, launch a brand new EV product line, and develop a next-gen product suite for multi-asset electrification and integration.

Whit Fulton, founder and CEO of ConnectDER, stated:

We’ve already demonstrated the elemental worth of our excessive reliability and lowest value providing, and this new spherical provides us the gas we have to manufacture and ship our game-changing know-how.

The corporate is already working in 17 states, together with New York, Arizona, Vermont, and Colorado. The corporate says it’s deployed greater than 15,000 models throughout the US so far.

You’ll be able to click here to see whether or not ConnectDER’s photo voltaic meter collars are accredited by your state or utility.

Learn extra: Siemens’ new home EV charger adapter ends need for electrical panel upgrades

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