Vollspark

Company Overview

Snapshot

Founded in March 2016 by Liran Katzir, Doron Shmilovitz, and Shaul Ozeri, Vollspark operates with 1–10 employees. The company has secured $2.91M across four funding rounds. In January 2023, Vollspark ceased operations.

Business overview

Vollspark develops a hardware and software platform designed to convert standard power transformers into smart transformers. The company's core technology involves a solid-state transformer that uses power electronics to stabilize voltage in the power grid in real time. This facilitates the integration of renewable energy sources by providing flexibility and dynamic response for grid stability, while also supplying locally needed reactive power and reducing harmonics. Vollspark primarily serves the energy and electric utilities sectors, focusing on power grids, smart grids, and energy efficiency.

Company Intelligence Q&A

What is Vollspark's operational status?

Vollspark ceased operations in January 2023.

When was Vollspark founded and by whom?

Vollspark was founded in March 2016 by Liran Katzir, Doron Shmilovitz, and Shaul Ozeri.

What is Vollspark's primary technology?

Vollspark develops a hardware and software platform that transforms standard power transformers into smart transformers, utilizing solid-state technology to stabilize voltage and integrate renewable energy into the grid.

How much capital has Vollspark raised?

Vollspark has raised a total of $2.91M across four funding rounds.

Did Vollspark receive any grants?

In January 2019, Vollspark secured a grant from the Israel Innovation Authority. The company also received a grant in March 2018 and another in June 2017.