What is Weave Grid?
WeaveGrid operates at the intersection of automotive technology and utility grid management. The company provides a sophisticated software platform that enables automakers and electric utilities to intelligently deploy and maximize the value of grid-interactive vehicles. By facilitating managed charging, WeaveGrid not only enhances the experience for EV drivers but also ensures grid stability, a vital component for the mass adoption of electric transportation. Its market-leading platform serves as a digital bridge, allowing utilities to balance load demands while providing automakers with the tools to optimize vehicle performance and energy efficiency.
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 Coatue, The Westly Group, Breakthrough Energy Ventures, and Grok Ventures
Series B (2022): $35M led by Collaborative Fund, Emerson Collective, Salesforce, and Activate Capital
Other Financing Round (2024): $28M supported by Salesforce Ventures, Collab, Activate Capital, Woven Capital, HSBC Innovation Banking, and Emerson Collective
Key Investors in Weave Grid
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focusing on companies that can significantly reduce emissions across electricity, transportation, and manufacturing sectors.
Activate Capital
A growth-stage investment firm that partners with entrepreneurs to build sustainable and intelligent energy and industrial solutions, emphasizing climate adaptation and resilience.
Emerson Collective
An organization that invests in purpose-driven entrepreneurs and innovators, focusing on complex challenges in environmental sustainability, economic mobility, and education.
What's next for Weave Grid?
Looking ahead, WeaveGrid is well-positioned to capitalize on the global shift toward electrified transport. The recent influx of capital will likely be directed toward expanding its software capabilities and deepening its integration with utility networks across diverse geographic markets. As the energy transition accelerates, the company's ability to provide scalable, data-driven insights will be paramount in maintaining its competitive edge. Strategic focus will likely remain on enhancing grid resilience and supporting the rapid scaling of EV infrastructure, ensuring that the power grid can accommodate the increasing load from widespread vehicle electrification.
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