WeaveGrid develops a cloud-based Electric Vehicle Management System (EVMS) that links EVs with electric utilities, allowing smart, cost-effective, and grid-stabilizing charging. Its platform uses AI and a patented Distribution-Integrated Smart Charging Orchestration (DISCO) approach to manage load, protect battery health, and create potential revenue-sharing opportunities from grid services. The company serves both automakers and energy companies, positioning itself as the preferred solution for vehicle-to-grid and broader vehicle-to-everything applications. Strategic backers already include Woven Capital (Toyota), Hyundai Motor Company, and Kia Corporation, reflecting strong automotive industry alignment. With the latest investment from LG Technology Ventures, WeaveGrid plans to deepen battery management capabilities and expand comprehensive grid-interactive vehicle features. Headquartered in San Francisco, the firm aims to accelerate EV adoption while maintaining a privacy-first data framework. Financial metrics such as revenue or user counts were not disclosed in the article.

Total raised

$78M

Funding rounds

6

Latest round

Equity

Latest activity

Dec 2024