The Montreal-based company’s Series B was led by investment firm Idealist Capital, which will add its co-managing partner, Pierre Larochelle, to Dcbel’s board. Investissement Québec also joined the round. Dcbel did not disclose its valuation but described it as an up round. (The Logic)

Talking point: Dcbel will use some of the funding to expand its home energy and electric-vehicle charging system, which uses bidirectional charging technology to avoid blackouts by feeding EV battery power to a home’s energy grid. The company said it’s the “first in a suite of products” that will aim to help homeowners save money on electricity costs. Larochelle is also chair of fellow Quebec EV firm Lion Electric’s board of directors. Dcbel’s existing backers include Kevin Mahaffey, founder of the tech company Lookout; Volvo, which announced an investment of undisclosed value in May; and Coatue and Real Ventures, which participated in its US$40-million round in 2021.