WeaveGrid

Facilitates EV-grid integration and optimization

San Francisco, California, United States

About WeaveGrid

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 not only helps utilities manage energy more effectively but also allows EV owners to save on their electricity bills by optimizing energy use. WeaveGrid stands out from competitors by focusing on collaboration with various stakeholders, including utilities, automakers, and EV charging station providers, to create a comprehensive solution for electrification. The main goal of WeaveGrid is to promote the use of renewable energy and reduce carbon emissions in transportation and energy networks.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$62.3MTotal Funding
DEBTCompany Stage
Automotive & Transportation, Energy, AI & Machine LearningIndustries
51-200Employees

Benefits

Stock Options
Flexible Work Hours
Hybrid Work Options

Risks

Increased competition from ChargePoint and Emporia Energy threatens market share.
Dependence on Toyota's market performance poses strategic risks.
Rapid innovation in climate-tech could challenge WeaveGrid's offerings.

Differentiation

WeaveGrid uses machine learning for efficient EV-grid integration.
The company collaborates with utilities and automakers for seamless EV-grid connectivity.
WeaveGrid's platform supports over 40% of EVs in the US.

Upsides

WeaveGrid secured $28M from Toyota's Woven Capital to enhance its platform.
Partnerships with ChargePoint and Emporia Energy expand managed charging programs.
WeaveGrid's software aids in renewable energy integration and cost savings for users.