Heila Technologies Announces Additional Investment to Expand Distributed Grid Intelligence with Heila EDGE®
Equity Investment from Tokyo Gas Group Completes $3 Million Seed Round
For Immediate Release
November 20, 2020
SOMERVILLE, Massachusetts – Heila Technologies, Inc. (Heila) announced today an investment by Acario Innovation, a wholly-owned subsidiary of Tokyo Gas Co., Ltd., which completes the $3.0 million seed funding round for its Heila EDGE® platform. In October, Heila announced investments from Table Rock Infrastructure Partners, Massachusetts Clean Energy Center and private investors. The completed $3.0 million investment will allow Heila to become a key player in the distributed energy space by building on its existing modular controls and optimization product and developing partnerships with strategic partners such as Tokyo Gas.