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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
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Simplify's Take
What believers are saying
- Clark Public Utilities launched a 2026 Optiwatt program with 1,400 EV slots and bill credits.
- Ava Community Energy still markets Optiwatt-powered SmartHome Charging rewards through July 2026.
- Optiwatt claims 30-plus utility programs and 27 vehicle brands, widening distribution.
What critics are saying
- Utilities, not consumers, fund Optiwatt; partner churn instantly cuts revenue and program access.
- ChargeScape, Uplight, Leap, and OEM-native apps compress Optiwatt's integration advantage by 2026.
- If Rivian, Tesla, and Ford own telematics, Optiwatt becomes replaceable and loses existential relevance.
What makes Optiwatt unique
- Optiwatt runs 44 demand-response and EV programs with 36 North American utility partners.
- June 2026 Rivian integration adds direct OEM telematics, reducing third-party workaround risk.
- Optiwatt's free app monetizes utility-paid load shifting across EVs, thermostats, batteries.
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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
↑ 5%1 year growth
↑ 12%2 year growth
↑ 12%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