What is Weave Grid?
Weave Grid operates at the intersection of automotive technology and energy infrastructure, providing a market-leading managed charging platform. This platform empowers automakers and electric utilities to facilitate the widespread adoption of electric vehicles while simultaneously safeguarding grid stability. By enabling intelligent deployment and value maximization of grid-interactive vehicles, Weave Grid addresses critical challenges in the EV ecosystem, creating a more seamless and efficient charging experience for drivers and a more resilient grid for utilities.
How much funding has Weave Grid raised?
Weave Grid has raised a total of $78M across 3 funding rounds:
Series A
$15M
Series B
$35M
Other Financing Round
$28M
Series A (2021): $15M with participation from The Westly Group, Coatue, Grok Ventures, and Breakthrough Energy Ventures
Series B (2022): $35M led by Salesforce, Emerson Collective, Activate Capital, and Collaborative Fund
Other Financing Round (2024): $28M supported by Collab, Woven Capital, Activate Capital, Salesforce Ventures, HSBC Innovation Banking, and Emerson Collective
Key Investors in Weave Grid
Collab
Collab is a contact center software provider that delivers digital transformation to contact centers of all sizes, indicating a potential interest in scalable technology solutions.
Woven Capital
Woven Capital specializes in empowering clients with personalized financial planning and wealth management, focusing on socially responsible investment strategies and tech-savvy approaches.
Activate Capital
Activate Capital partners with entrepreneurs building sustainable and intelligent energy and industry solutions, focusing on high-growth companies transforming markets through innovative technologies.
What's next for Weave Grid?
With its recent enterprise-level financing, Weave Grid is poised for significant expansion. The company's strategic focus on bridging the gap between electric vehicles and grid infrastructure suggests a future where EVs are not just modes of transport but active participants in energy management. Future developments are likely to involve deeper integration with utility smart grid initiatives, enhanced V2G (Vehicle-to-Grid) capabilities, and expanded partnerships with automotive manufacturers to embed their technology directly into new vehicle models. This strategic positioning is critical for navigating the increasing complexity of energy demands and the accelerating transition to sustainable transportation.
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