# Crocus

> Crocus is a power-electronics and energy-software company that builds AI-controlled hardware to make electricity cleaner, denser, and cheaper to move. Its Acelo line spans EV fast chargers, an AI grid-optimization platform, and a solid-state transformer (SST) that replaces the century-old iron transformer with a compact, software-controlled unit aimed at EV depots, factories, and AI data centers. Founded in 2016 with roots in Seoul and a U.S. base in Redwood City, the company has raised roughly $31 million and is led by CEO and co-founder Daniel Lim.

- **Founded:** 2016
- **Headquarters:** Seoul, South Korea (U.S. office: Redwood City, California)
- **Founders:** Daniel Lim (CEO & Co-Founder), David Kuhwan Kim (Co-Founder), Benjamin Ott (Co-Founder)
- **Team size:** ~8 employees
- **Products:** Acelo EV, Acelo Grid, Acelo SST Hybrid, Acelo SST DC800, Acelo SST SOP
- **Notable:** Selected to lead a Korean national government project on AI-controlled solid-state transformers for data centers, Earned a TI-2 investment-grade technology rating (October 2025), Raised roughly $31M in total funding, progressing through Series C

## Products & services

- **Acelo EV** — EV fast and standard chargers with smart charging that actively distributes available power across sessions, an integrated operations system and a user app. Supports EV charging standards including OCPP 1.6 and ISO 15118, with vehicle-to-grid (V2G) capability.
- **Acelo Grid** — AI-based energy optimization and control platform that analyzes consumption patterns, predicts voltage, and controls power equipment to reduce waste - reporting average ~5% power consumption reduction through voltage optimization.
- **Acelo SST Hybrid** — Solid-state transformer that works alongside existing transformers to deliver higher-quality, higher-efficiency power using SiC MOSFET and high-voltage IGBT power conversion.
- **Acelo SST DC800** — AI-oriented data center power architecture that converts medium-voltage AC directly to 800VDC, targeting 40-50% infrastructure space savings and roughly 30% lower total cost of ownership.
- **Acelo SST SOP** — Soft open point / smart grid solution that connects to distribution lines to improve grid stability and support renewable-energy and ESS integration.

## Achievements

- Selected to lead a Korean national government project on AI-controlled solid-state transformers for data centers
- Earned a TI-2 investment-grade technology rating (October 2025)
- Raised roughly $31M in total funding, progressing through Series C
- Backing from Samsung Venture Investment among other institutional investors
- Built a full Acelo product ladder spanning EV chargers, grid AI software, and solid-state transformers

## Latest updates

- **2025-11** — Reported a Series C round (~$22.55M), bringing total funding to roughly $31M.
- **2025-10** — Received a TI-2 investment-grade technology evaluation rating.
- **2025** — Selected as lead organization for a MOTIE national project on AI-controlled solid-state transformers for data-center power quality; stated intent to pursue a KOSDAQ listing in 2027.
- **2024** — Expanded the Acelo line to solid-state transformers (SST Hybrid and DC800) aimed at industrial sites and AI data centers.

## Links

- Website: https://crocus.ai
- LinkedIn: https://www.linkedin.com/company/crocus-energy
- Twitter/X: https://twitter.com/CrocusEnergy
- Facebook: https://facebook.com/crocusenergy

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Profile page: https://yespress.io/crocus-ai
Published by YesPress — https://yespress.io
Last updated: 2026-08-19