In May 2023, dcbel announced that it has secured a strategic investment from Volvo Cars Tech Fund. Through this investment, dcbel will receive support for its research and development for its smart home energy system product. This system encompasses bi-directional charging capabilities with electric vehicles and a home energy management system.
dcbel is a trailblazing North American smart home energy company releasing the r16 Home Energy Station, a device that allows customers to supply their home and EV with solar power, use vehicle-to-home charging to make power outages a thing of the past, and reduce energy costs through artificial intelligence.
Volvo Cars Tech Fund is an investment fund of Volvo Cars, the Sweden-based car manufacturer.
Osler, Hoskin & Harcourt LLP advised dcbel Inc. with a team consisting of Shahir Guindi, Daniel Stysis (Corporate) and Michelle Lally (Competition & Antitrust).