What is Weave Grid?
Weave Grid operates at the critical nexus of the automotive and energy sectors, providing a sophisticated software layer that enables utilities and automakers to orchestrate grid-interactive vehicles. By facilitating intelligent charging, the company addresses the dual challenge of accelerating EV adoption while maintaining grid reliability. Its market-leading platform serves as a bridge, allowing for the seamless integration of distributed energy resources into existing utility frameworks, thereby enhancing the overall efficiency of the energy ecosystem. Through its data-driven approach, Weave Grid empowers stakeholders to maximize the value of grid-interactive assets, positioning itself as a foundational player in the transition to a sustainable, electrified transportation future.
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 Breakthrough Energy Ventures, The Westly Group, Coatue, and Grok Ventures
Series B (2022): $35M led by Collaborative Fund, Emerson Collective, Salesforce, and Activate Capital
Other Financing Round (2024): $28M supported by Emerson Collective, Salesforce Ventures, Activate Capital, Woven Capital, Collab, and HSBC Innovation Banking
Key Investors in Weave Grid
Breakthrough Energy Ventures
A mission-driven investment firm backed by global leaders, focusing on cutting-edge companies that aim to achieve net-zero emissions across key industrial sectors.
The Westly Group
A premier venture fund specializing in transforming foundational industries such as energy, mobility, and industrial technology through strategic partnerships.
Coatue
A prominent investment firm with deep expertise in both public and private equity, known for supporting high-growth technology companies.
What's next for Weave Grid?
With this latest capital infusion, Weave Grid is well-positioned to scale its operations and deepen its integration with major utility providers and automotive OEMs. The company's strategic roadmap likely involves expanding its software capabilities to handle the increasing complexity of grid demand as EV penetration rates climb. By leveraging its robust network of backers, Weave Grid is set to solidify its market position, focusing on long-term grid resilience and the continued optimization of charging experiences for drivers globally. The firm remains a key entity to watch as it navigates the complexities of the energy transition and the scaling of infrastructure-critical technology.
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