Vollspark

Company Overview

Snapshot

Founded in March 2016 by Liran Katzir, Doron Shmilovitz, and Shaul Ozeri, Vollspark operated with 1–10 employees. The company secured $2.91 million in total capital across four funding rounds. In January 2019, Vollspark received a grant from the Israel Innovation Authority.

Business overview

Vollspark develops a hardware and software platform designed to transform standard power transformers into smart transformers. The company's technology stabilizes voltage in the power grid in real time, facilitating the integration of renewable energy. By replacing current power transformers with its solid-state transformer, Vollspark aims to provide flexibility and a fast, dynamic response for power grid stability, while also delivering locally needed reactive power and reducing harmonics. The company operates in the Energy Tech sector, focusing on areas like transmission and distribution, renewable energy, power grids, and smart grid solutions.

Company Intelligence Q&A

What is Vollspark's primary focus?

Vollspark focuses on developing smart power transformers that regulate alternative energy input and stabilize voltage in the power grid in real time, facilitating renewable energy integration.

When was Vollspark founded and by whom?

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

What is the status of Vollspark?

Vollspark is currently non-active and ceased to operate in January 2023.

What was a key non-equity funding event for Vollspark?

In January 2019, Vollspark secured a grant from the Israel Innovation Authority.

What is Vollspark's core technology?

Vollspark's core technology involves a solid-state transformer that uses power electronics to provide flexibility and dynamic response for power grid stability, in addition to its primary operation as a power transformer.