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About WeaveGrid
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$78M
Headquarters
San Francisco, California
Founded
2018
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 energy more effectively but also allows EV owners to save on their electricity bills by utilizing renewable energy sources. What sets WeaveGrid apart from its competitors is its collaborative approach, working closely with utilities, automakers, and EV charging station providers to create a more efficient energy ecosystem. The main goal of WeaveGrid is to speed up the process of reducing carbon emissions in both transportation and electric networks.
Simplify's Take
What believers are saying
- Strategic investments from Hyundai, Kia, and Toyota enhance platform capabilities.
- WeaveGrid's collaboration with ChargePoint optimizes energy usage during peak demand.
- The $28M funding round will expand product capabilities for electric utilities.
What critics are saying
- Emerging startups in EV-grid integration could threaten WeaveGrid's market share.
- Rapid AI advancements may render current solutions obsolete if not continuously innovated.
- Potential cybersecurity vulnerabilities could affect customer trust and compliance.
What makes WeaveGrid unique
- WeaveGrid's DISCO solution won the AESP 2025 Energy Award for innovation.
- The platform supports utilities serving over 40% of EVs in the US.
- WeaveGrid collaborates with major automakers like Hyundai, Kia, and Toyota.
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Funding
Total Funding
$78M
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
ā -1%1 year growth
ā 1%2 year growth
ā 10%WeaveGrid has been honored with the Association of Energy Services Professionals (AESP) 2025 Energy Award for Innovation in Technology for its Distribution-Integrated Smart Charging Orchestration (DISCO) solution.
WeaveGrid's DISCO product wins 2025 AESP energy award - pv magazine USA.
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 is Hiring for 3 Jobs on Simplify!
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About WeaveGrid
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$78M
Headquarters
San Francisco, California
Founded
2018
WeaveGrid is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to WeaveGrid