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Overview
Optiwatt helps EV owners save money and reduce emissions by automatically coordinating EV charging and home HVAC use. The service is a free mobile app that connects to electric vehicles and smart thermostats and uses utility-rate data to schedule charging and climate control for the cheapest, off-peak times. It works through partnerships with utility companies; utilities compensate Optiwatt for helping balance the electricity grid, and in turn offer rebates or savings to users. The platform supports many EV brands (e.g., Tesla, Ford, BMW, Chevrolet) and stands out by combining a consumer app with grid-demand services that utilities pay for, effectively making it a B2B2C model. The goal is to lower users’ electricity bills while cutting the carbon footprint and helping utilities manage demand on the grid.
About Optiwatt
Industries
Data & Analytics
Energy
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$11.3M
Headquarters
Santa Barbara, California
Founded
2020
Simplify's Take
What believers are saying
- 70k+ connected EV fleet positions Optiwatt as aggregator for utility demand response contracts.
- $388 annual savings per user drives consumer adoption and utility partnership expansion opportunities.
- Smart thermostat integration expands addressable market beyond EV charging to full home energy optimization.
What critics are saying
- Tesla's native smart charging in 2025.20 update eliminates core feature for 60%+ of user base.
- California PUC Decision 25-03-XXX mandates utility-owned VPP platforms by 2027, eliminating B2B2C model.
- OhmConnect's 10M+ user scale and Recurve's 1GW+ capacity outcompete Optiwatt for utility contracts.
What makes Optiwatt unique
- Smartcar API integration enables multi-brand EV charging across Tesla, Ford, BMW, Chevrolet without hardware.
- Energy Manager algorithm optimizes EV and thermostat usage using real-time renewable data and utility rates.
- B2B2C model monetizes grid demand response through utility partnerships while offering free consumer app.
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Funding
Total Funding
$11.3M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Hybrid Work Options
Stock Options
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Flexible Work Hours
Home Office Stipend
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↑ 15%2 year growth
↑ 15%Optiwatt, a San Francisco, CA-based consumer energy optimization app and operating system, closed a Series A funding round raising $7M
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
Optiwatt is a free electric vehicle (EV) charge management app that automatically schedules electric vehicle charging when electricity rates are cheapest, saving users an average of $388 per year.
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About Optiwatt
Industries
Data & Analytics
Energy
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$11.3M
Headquarters
Santa Barbara, California
Founded
2020
There are no jobs for Optiwatt right now.
Find jobs on Simplify and start your career today