WeaveGrid, a San Francisco-based software company that facilitates the rapid adoption of electric vehicles (EVs) on the electric grid, has raised $28 million in funding. The round was led by Woven Capital and included participation from existing investors such as Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures, with debt provided by HSBC Innovation Banking. The company plans to use the funds to strengthen its position as a leading platform for EV managed charging.
Building on previous collaborations with companies like Toyota, WeaveGrid aims to enable automakers and electric utilities to deploy and optimize the value of grid-interactive vehicles, creating enhanced charging experiences for EV drivers. Led by CEO Apoorv Bhargava, WeaveGrid offers an EV Management System (EVMS) that supports grid-integrated EV charging and provides a comprehensive suite of solutions for utilities.
WeaveGrid expands EV management system
These include vehicle-to-grid capabilities, advanced artificial intelligence (AI) technology, and a patented approach to electric distribution optimization. This comes at a crucial time of load growth driven by electrification and the expansion of AI data centers. Bhargava stated, “Overcoming one of the most complex challenges of decarbonizing the auto industry: ensuring electric grid reliability by transforming EVs into grid-interactive assets.
Working together, we are accelerating the adoption of EVs by creating a delightful driver experience and providing utilities with the tools they need to manage the grid.”
Bhargava added that the new capital will enable the company “to further expand our platform, invest in research and development, and forge deeper relationships with automakers and utilities alike.”
Nicole LeBlanc commented, “The automotive industry is focused on delivering solutions that find a way to optimize charging for both drivers and the grid. WeaveGrid’s impressive technology improves the experience for all stakeholders, especially automotive OEMs, and ultimately creates a more sustainable and efficient mobility ecosystem.”
Rashan is a seasoned technology journalist and visionary leader serving as the Editor-in-Chief of DevX.com, a leading online publication focused on software development, programming languages, and emerging technologies. With his deep expertise in the tech industry and her passion for empowering developers, Rashan has transformed DevX.com into a vibrant hub of knowledge and innovation. Reach out to Rashan at [email protected]























