Overview

WeaveGrid works to support the electrification of transportation by connecting electric vehicles (EVs) with the power grid. Their software uses machine learning, optimization, and predictive analytics to solve challenges related to integrating EVs into the grid. This platform not only helps utilities manage the increased demand from EVs but also facilitates the use of renewable energy sources, allowing utility customers to reduce their energy bills. What sets WeaveGrid apart from its competitors is its collaborative approach, working closely with utilities, automakers, EV charging station providers, and EV owners. The main goal of WeaveGrid is to speed up the process of decarbonizing both transportation and electric networks by creating smarter connections between EVs and the grid.

Simplify's Take

What believers are saying

• WeaveGrid secured investments from Hyundai, Kia, and Toyota's Woven Capital.
• The company launched a Smart Charging Rewards Program with Duquesne Light Company.
• WeaveGrid's platform supports utilities serving over 40% of US EVs.

What critics are saying

• Increased competition from emerging startups in EV-grid integration.
• Potential regulatory changes could impose additional compliance costs.
• Cybersecurity threats could impact WeaveGrid's software solutions and customer data.

What makes WeaveGrid unique

• WeaveGrid uses machine learning for EV-grid integration challenges.
• The company collaborates with utilities, automakers, and EVSEs for transportation electrification.
• WeaveGrid's DISCO solution won the 2025 AESP Energy Award for innovation.

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Funding

Total Funding

$78M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Coatue Management

Notable Investors:

Coatue Management

$14,000,000

Debt

Dec 2024

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Debt Funding Comparison

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