# Weave Grid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/weave-grid

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.weavegrid.com
- Total disclosed funding: $50M
- Latest round: Series B (Nov 15, 2022)
- Investors on record: 10

## About

Based in US, Weave Grid, Inc. specializing in innovative electric vehicle (EV) charging management solutions, facilitating the transition to an all-electric future through optimized energy use and grid stability solutions. Founded in 2018 by co-founders Apoorv Bhargava and John Taggart in California, US, Weave Grid, Inc. develops advanced electric vehicle charging systems. In January 2025, Weave Grid, Inc. raised an undisclosed amount of venture funding from investor LG Technology Ventures, Hyundai Motor Company and Kia Corporation with investor Woven Capital Management Company also participating in the round. WeaveGrid specializes in advanced electric vehicle (EV) charging management solutions aimed at facilitating the transition to an all-electric future. Their core offerings include grid-interactive electric vehicle charging systems designed to optimize energy use while ensuring grid stability. These services function by allowing utilities to manage EV charging patterns, integrating with various EV models, and utilizing data analytics to enhance the user experience. WeaveGrid collaborates with major automotive companies such as Toyota, Hyundai, and Kia, focusing on a client base that includes utility companies, EV manufacturers, and end users—namely, EV drivers. The company's solutions are deployed in markets across the United States, with specific programs targeted at California, Virginia, and Michigan, addressing regional needs for enhanced grid resilience and EV integration.WeaveGrid generates revenue through strategic partnerships and subscription models primarily with utility providers and automotive manufacturers. Their business transactions typically revolve around providing managed charging solutions to utilities, which then incentivize EV drivers to adopt these services through rebates or other benefits. These partnership agreements may incorporate performance-based pricing structures, aligning incentives among stakeholders to improve grid functionality and user satisfaction. The company's flagship offerings, such as their EV managed charging platform and associated reward programs, are central to these transactions, ensuring a steady stream of revenue from ongoing service agreements. By collaborating with regional utilities and automotive clients, WeaveGrid positions itself as a vital player in the evolving landscape of electric vehicle infrastructure.The company will use the January 2025 funding to accelerate the development of comprehensive grid-interactive vehicle solutions that leverage advanced battery management and energy storage capabilities.

## Funding rounds

- Series B, Nov 15, 2022, $35M — The Westly Group, Coatue Management, Collaborative Fund, Salesforce Ventures, Breakthrough Energy Ventures, Grok Ventures, Emerson Collective, Activate Capital, MCJ, Climate Capital
- Series A, May 20, 2021, $15M — The Westly Group, Coatue Management, Breakthrough Energy Ventures, Grok Ventures

## Investors

- The Westly Group (https://capitalatlas.ai/funds/the-westly-group) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series A, Series B
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series B
- Grok Ventures — Series A, Series B
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- Emerson Collective — Series B
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series B
- MCJ (https://capitalatlas.ai/funds/mcj) — Series B
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series B