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Full-Time

Procurement Coordinator

Confirmed live in the last 24 hours

Veir

Veir

51-200 employees

Develops superconducting power transmission lines

Industrial & Manufacturing
Energy

Mid

Burlington, MA, USA

Position is based at VEIR's headquarters in Woburn, MA.

Category
Inventory Management
Procurement & Sourcing
Operations & Logistics
Required Skills
Market Research
Inventory Management
Requirements
  • You have at least 3-5 years of experience as a Purchaser/Buyer, preferably in hardware manufacturing
  • You have excellent written, verbal, and interpersonal communication skills across all levels of staff and with external stakeholders
  • You are highly motivated and detail-oriented with a positive approach to problem solving and a commitment to accuracy
  • You are able to work independently and as part of a team in a fast-paced, startup environment.
  • You are highly organized, and have a track record of developing and implementing efficient processes
  • You are committed to VEIR's mission, goals, and core values
Responsibilities
  • Identifying and evaluating potential suppliers based on quality, cost, and reliability
  • Developing and maintaining strong relationships with suppliers
  • Conducting market research to stay updated on industry trends and pricing
  • Managing and monitoring supplier performance to ensure quality and cost effectiveness
  • Tracking and reporting on procurement metrics and performance indicators
  • Collaborating cross-functionally to monitor inventory levels and coordinate orders to prevent shortages or overstock
  • Implementing strategies for cost reduction and efficiency improvement
  • Ensuring all procured materials meet the required specifications and quality standards
  • Resolving any issues related to defective or substandard products

VEIR specializes in superconducting power lines that enhance electric transmission capabilities. Their technology utilizes distributed, evaporative liquid nitrogen for cooling, allowing these lines to transmit 5 to 10 times more power than traditional lines at the same voltage. This innovation significantly increases the capacity of existing transmission corridors and reduces the need for new infrastructure. VEIR primarily targets utility companies and energy providers seeking to upgrade their systems to meet rising electricity demands while promoting decarbonization and grid resilience. Unlike competitors, VEIR's product minimizes energy loss and maximizes power delivery, providing a cost-effective solution for enhancing transmission capacity. The company's goal is to support the transition to sustainable energy by modernizing the electric grid and reducing carbon emissions.

Company Stage

Series A

Total Funding

$40.8M

Headquarters

Woburn, Massachusetts

Founded

2019

Growth & Insights
Headcount

6 month growth

22%

1 year growth

56%

2 year growth

204%
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Simplify's Take

What believers are saying

  • Successful outdoor demonstration of VEIR's technology validates its potential to modernize the electric grid and increase access to renewable energy.
  • The recent $24.9 million Series A-2 funding round from prominent investors like Breakthrough Energy Ventures and Congruent Ventures indicates strong financial backing and growth potential.
  • VEIR's innovative approach aligns with global efforts to combat climate change, positioning the company as a key player in the clean energy transition.

What critics are saying

  • The adoption of VEIR's technology may face regulatory and permitting challenges, potentially delaying deployment.
  • The high initial costs associated with superconducting technology could be a barrier for some utility companies.

What makes Veir unique

  • VEIR's use of distributed, evaporative liquid nitrogen cooling for superconducting power lines allows for 5-10 times more power transmission than conventional lines, a significant technological edge.
  • The company's focus on enhancing existing transmission corridors minimizes the need for new infrastructure, offering a cost-effective and environmentally friendly solution.
  • VEIR's ability to transmit high power with negligible losses provides a compelling value proposition for utility companies aiming for decarbonization and grid resilience.

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