SPAN operates as a home electrification technology company. It develops electrical panels and products enabling electrification and simplifies the adoption of clean energy including solar, batteries, and electric vehicles. The company was founded in 2018 and is based in San Francisco, California.
SPAN's Product Videos
SPAN's Products & Differentiators
The SPAN Panel replaces a homeowner’s existing circuit breaker and manages all electricity used throughout the home, avoiding the need for costly utility service upgrades and additional grid infrastructure. A combination of hardware innovation and intelligent software, SPAN Panel provides real-time, circuit-level energy management and actionable energy insights through an intuitive mobile app.
Research containing SPAN
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CB Insights Intelligence Analysts have mentioned SPAN in 1 CB Insights research brief, most recently on Sep 15, 2022.
Expert Collections containing SPAN
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SPAN is included in 5 Expert Collections, including Auto Tech.
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Smart Home & Consumer Electronics
This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.
Real Estate Tech
SPAN has filed 14 patents.
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Latest SPAN News
Apr 25, 2023
VCPro Database 2023 26th Edition — a downloadable and searchable venture capital database with 6,900+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. SPAN Raises $96 Million to Accelerate Product Innovation for Its Award-Winning Home Electrification Technology With this funding, the company will extend its ecosystem for whole-home energy management and strengthen its leadership in electrification as it aims to electrify 10 million homes by 2030 SAN FRANCISCO, April 24, 2023-- SPAN, the leading innovator in home electrification technology, today announced a Series B2 fundraise of $96 million, bringing the company’s total funding to $231 million. The round was led by Wellington Management and included investors such as Congruent Ventures, Capricorn Investment Group, Qualcomm Ventures, Fifth Wall, Munich Re Ventures, A/O PropTech, Amazon’s Alexa Fund, among others. The capital will be used to further SPAN’s leadership in the home electrification space by accelerating its research and development capabilities and continuing to expand its partnership reach to new categories, including major home appliances, smart home devices, and grid integrations. This funding supports SPAN’s plans to extend its integration to every high-energy load in the home. Through partnerships with major home appliance brands, such as Kenmore, and leading solar and storage providers, such as Sunrun, the company continues to build upon the industry’s most integrated whole-home electrification technology – providing homeowners the ultimate experience with maximum value in savings, comfort, control, and resilience. SPAN is further strengthening its technological leadership by developing a state-of-the-art research and development facility near their headquarters in San Francisco. The facility will enable advanced product testing in a microgrid environment that can emulate multiple on-grid and off-grid scenarios, helping accelerate new product and feature development. The company is also investing heavily in human capital by hiring software and hardware engineering talent focused on system modeling and controls, forecasting, DER integration, enhanced grid service capabilities, and machine learning. Since 2018, SPAN has grown to a team of over 220 employees and was recently recognized by Forbes as one of the top five best startup employers in the U.S.. SPAN was previously named by Fast Company as one of their 2022 “The 10 Most Innovative Energy Companies.” “Consumers are rapidly electrifying their homes with electric vehicles, heat pumps, and induction stoves and increasing their resilience to grid outages by adopting solar and batteries,” said Greg Wasserman, Head of Private Climate Investing at Wellington Management. “These technologies can strain a home’s existing electrical supply. SPAN’s innovative products dynamically manage circuits in real-time and can avoid expensive utility service upgrades for millions of homes. We are excited by SPAN’s growth and partnership development and are expanding our investment in their journey to provide the best home electrification experience.” “We are grateful to our investors who support our vision to decarbonize the residential sector,” said Arch Rao, Founder and CEO of SPAN. “At SPAN, we are focused on empowering homeowners to become part of the climate solution by offering technology and customer experience that significantly simplifies the adoption of a cleaner, all-electric lifestyle. By developing a fully integrated, open ecosystem that puts the consumer in control of every aspect of their home, SPAN is positioned to be the conduit between electrified homes and the grid that we need in order to achieve our electrification goals and ensure a clean, reliable grid.” SPAN’s mission is to enable electrification for all – aiming to electrify 10 million U.S. homes by 2030. Thanks to the Inflation Reduction Act, more Americans can access SPAN technology to electrify their homes without the cost and hassle of a utility service upgrade. This helps SPAN reach homeowners who will benefit the most from electrification through energy savings, added resiliency, and enhanced safety. SPAN’s success began with its category-leading smart electrical panel that helps homeowners adopt rooftop solar, battery backup, electric vehicles, and electric home appliances by giving consumers more control, the best in battery backup resilience, and unparalleled energy intelligence of their home’s energy. SPAN began selling SPAN Panel in 2020 and its award-winning SPAN Drive EV charger in 2022. In 2022, the company grew its revenue nearly 600% and its products have been installed in 47 U.S. states (available in all 50). Nearly 80% of SPAN product owners have adopted clean energy and home electrification products such as solar, battery storage, or an electric vehicle in their homes. With this new tranche of funding, SPAN will continue to revolutionize home electrification and accelerate the pace for decarbonization of the U.S. housing market. About SPAN SPAN reinvented the 100-year-old electrical panel and is developing products that enable electrification and simplify the adoption of clean energy including solar, batteries, and electric vehicles. SPAN Panel gives customers circuit-level management, real-time monitoring, and actionable energy insights through the SPAN Home app’s intuitive interface. Designed with hardware innovation and purpose-built with intelligent software, SPAN Panel and SPAN Drive electric vehicle charger are an efficient and integrated solution for any home. Backed by leading investors in the clean energy space, SPAN aims to decarbonize by building products that remove barriers to electrification while providing a holistic approach to managing increasing demands on household energy. To learn more, visit www.span.io. For more information about the SPAN smart home electrical panel, please contact firstname.lastname@example.org Contact:
SPAN Frequently Asked Questions (FAQ)
When was SPAN founded?
SPAN was founded in 2018.
Where is SPAN's headquarters?
SPAN's headquarters is located at 679 Bryant Street, San Francisco.
What is SPAN's latest funding round?
SPAN's latest funding round is Series B - III.
How much did SPAN raise?
SPAN raised a total of $230.64M.
Who are the investors of SPAN?
Investors of SPAN include ArcTern Ventures, Munich Re Ventures, A/O Proptech, Amazon Alexa Fund, Congruent Ventures and 17 more.
Who are SPAN's competitors?
Competitors of SPAN include Lumin and 5 more.
What products does SPAN offer?
SPAN's products include SPAN Panel and 1 more.
Compare SPAN to Competitors
Lumin provides an intelligent energy management platform for the growing energy storage market. It combines its smart panels and algorithms to automate home energy control and provide rich analytics to homeowners, installers, and utilities. It also offers a few products, such as Lumin Edge, and Smart Panel. The company was founded in 2015 and is based in Charlottesville, Virginia.
Gridscape Solutions is a smart energy solutions company that specializes in developing and deploying standards-compliant products and solutions for renewable Microgrid and EV charging systems. Our solutions provide energy savings, operational efficiency and achieve sustainability goals for our customers, in addition to creating new sources of revenue.
ESG Flo automates ESG data aggregation into a centralized data repository. It enables expedited report generation and frees up the sustainability team’s time to focus on the right value-added activities. It was founded in 2022 and is based in Boston, Massachusetts.
nista.io provides a cloud-based software platform to reduce emissions and energy costs for industrial companies. It integrates data from factories and helps to reduce energy costs of built factories by continuously finding custom improvement measures. It specializes in IoT, energy efficiency, manufacturing, knowledge management, and more. It was founded in 2020 and is based in Vienna, Austria.
Twin Dynamics provides data-driven maintenance solutions for industrial assets. These scalable and predictive solutions are derived by integrating physics-based simulations with real-time operational data.
SenseNode provides wireless IoT sensors to manage energy uses in the manufacturing industry. It offers energy monitoring, energy mapping, power optimization, and energy efficiency with associated automatic reports and alarm functions. The company was founded in 2013 and is based in Lund, Sweden.