KnGrid Raises Funding Round

Orange County-based KGrid, a cleantech startup working on electric car charging stations, said it has received an investment from German utility RWE, via RWE New Ventures LLC. Financial terms of the investment were not announced. KnGrid said the two are working on a cloud-based service for utilities to send grid conditions and pricing signals to connected electric vehicles. The company apparently has a prototype, electric car charging system implemented at the University of California, San Diego. KnGrid was founded by Stephen G. Davis and David Hawkins. More information »