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About WeaveGrid
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$62.3M
Headquarters
San Francisco, California
Founded
2018
Overview
WeaveGrid works to support the transition to electric transportation by connecting electric vehicles (EVs) with the power grid. Their software uses machine learning and predictive analytics to solve challenges related to integrating EVs into the grid. This platform helps utilities manage energy more efficiently, incorporates renewable energy sources, and allows customers to reduce their electricity bills. WeaveGrid stands out from competitors by focusing on collaboration with various stakeholders, including utilities, automakers, and EV owners, to create a comprehensive solution for EV-grid integration. The main goal of WeaveGrid is to promote the decarbonization of transportation and electric networks, making the energy system more sustainable.
Simplify's Take
What believers are saying
- WeaveGrid secured strategic investments from Hyundai, Kia, and Toyota.
- The platform supports utilities serving over 40% of US EVs.
- Growing interest in managed charging presents expansion opportunities for WeaveGrid.
What critics are saying
- Increased competition from companies like ChargePoint.
- Challenges in maintaining grid reliability with more EVs integrated.
- Rapid innovation in climate-tech could outpace WeaveGrid's advancements.
What makes WeaveGrid unique
- WeaveGrid uses machine learning for EV-grid integration challenges.
- The company collaborates with utilities, automakers, and EV owners for transportation electrification.
- WeaveGrid's platform aids renewable energy integration and reduces utility bills.
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Funding
Total Funding
$62.3M
Above
Industry Average
Funded Over
4 Rounds
Coatue ManagementBenefits
Stock Options
Flexible Work Hours
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↑ 10%WeaveGrid secured strategic investment from Hyundai and Kia, joining Toyota's Woven Capital, to enhance its EV-grid integration platform. This investment solidifies WeaveGrid's position as a leader in grid-interactive vehicle technologies, offering solutions like EV Management System and DISCO for smart charging. The funding will accelerate WeaveGrid's efforts in transforming EVs into grid-interactive assets, addressing challenges in grid load management and renewable energy integration.
WeaveGrid announced a strategic investment from Hyundai Motor and Kia, reinforcing its leadership in EV charging management. This investment, alongside Toyota's Woven Capital, highlights WeaveGrid's role in grid-interactive vehicle technologies. The company's EV Management System enables secure, grid-integrated EV charging. With over a dozen integrations with automotive brands, WeaveGrid is addressing challenges in EV charging and grid reliability, accelerating the shift towards intelligent electric transportation.
With investment from Toyota's growth fund, Woven Capital, TMNA collaborates with WeaveGrid to ensure that Toyota BEV and PHEV vehicles integrate smoothly with the electric grid.
WeaveGrid announced a $28 million funding round led by Toyota's Woven Capital, with participation from existing investors and debt from HSBC Innovation Banking. This investment aims to enhance collaborations with automakers, expand product capabilities for electric utilities, and improve the EV driver experience. WeaveGrid's platform supports utilities serving over 40% of EVs in the US, positioning it as a leader in EV managed charging and grid integration.
WeaveGrid, a San Francisco-based software company, raised $28M in funding led by Woven Capital, with participation from existing investors and debt from HSBC Innovation Banking. The funds will be used to strengthen its platform for EV managed charging, enhancing collaborations with automakers and utilities to support EV adoption and grid stability.
WeaveGrid is Hiring for 4 Jobs on Simplify!
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About WeaveGrid
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$62.3M
Headquarters
San Francisco, California
Founded
2018
WeaveGrid is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today