WeaveGrid is a software company that builds data products to optimize electric vehicle (EV) charging. Its SaaS platform uses machine learning to help utilities predict and manage the impact of EVs on the power grid. WeaveGrid works with major U.S. utilities like PG&E, Xcel Energy, and Exelon Utilities to lower grid infrastructure costs, integrate more EVs, and save drivers money on charging.
In 2022, WeaveGrid raised $35 million in Series B funding led by Salesforce Ventures to expand its products and partnerships ahead of the anticipated influx of EVs in the coming decade. The 100-person WeaveGrid team brings together diverse talent from tech, utilities, and automotive industries, providing employees the opportunity to help build key infrastructure for the future of transportation.
However, WeaveGrid's success hinges on achieving widespread EV owner participation in its smart charging programs to meaningfully reduce the costs and grid impacts of electrification. The company will need to prove it can reliably deliver cost savings to both utilities and EV owners to drive adoption of its platform.
2018
Founded
50-100
Employees
Series B
Stage
$100-$250M
Latest Valuation
$50-100M
Total Funding
Nov 15 2022
Last Fundraise
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