WeaveGrid

⚡We're thrilled that Toyota North America has shared more details about their investment in WeaveGrid through Woven Capital, Toyota's Growth Fund! 🚗 As Toyota prepares to ramp up for their next-generation electrified vehicles, we're working together to ensure seamless integration between their BEVs and PHEVs and the electric grid. Together with Toyota and our electric utility partners, we're ensuring that electrified vehicles are grid-interactive, the electric grid remains reliable, and charging costs are reduced for customers. Thank you to Christopher Yang and the Toyota team for their partnership as we work to build a more resilient and efficient energy future. We're honored to be part of Toyota's journey in expanding their electrified vehicle offerings while maintaining the exceptional customer experience they're known for. Check out the press release in the comments. #ElectricVehicles #SmartCharging #CleanEnergy #GridReliability #Sustainability #BEVs #PHEVs #GridInteractive

⚡We're thrilled that Toyota North America has shared more details about their investment in WeaveGrid through Woven Capital, Toyota's Growth Fund! 🚗 As Toyota prepares to ramp up for their next-generation electrified vehicles, we're working together to ensure seamless integration between their BEVs and PHEVs and the electric grid. Together with Toyota and our electric utility partners, we're ensuring that electrified vehicles are grid-interactive, the electric grid remains reliable, and charging costs are reduced for customers. Thank you to Christopher Yang and the Toyota team for their partnership as we work to build a more resilient and efficient energy future. We're honored to be part of Toyota's journey in expanding their electrified vehicle offerings while maintaining the exceptional customer experience they're known for. Check out the press release in the comments. #ElectricVehicles #SmartCharging #CleanEnergy #GridReliability #Sustainability #BEVs #PHEVs #GridInteractive

Check out Jeff St. John's recent Canary Media Inc. article, "How to make EVs get along with the grid" The piece explores how utilities are preparing for the massive influx of electric vehicles—and the innovative solutions needed to keep our grid running smoothly. Key insights: 🚘 Distribution grid challenges can emerge even at low EV adoption levels 🚘 Managed charging could save utilities up to $1,275 per new EV annually 🚘 Utilities like PG&E are piloting smart charging programs to defer costly infrastructure upgrades Featured case studies: ⚡Pacific Gas and Electric Company and WeaveGrid ⚡The AES Corporation and Camus Energy ⚡Consumers Energy and Utilidata We're proud to be at the forefront of this work, partnering with utilities across the country to develop managed charging solutions that make the EV revolution grid-friendly. 👉 Read the full article at the link in the comments. Curious how we're solving this complex challenge? Our team is always eager to discuss the future of grid management and electric transportation. #CleanEnergy #ElectricVehicles #GridIntelligence #GridInteractiveVehicles

Why Woven Capital Believes in WeaveGrid's Mission 🚗⚡ Nicole LeBlanc, CPA and the Woven Capital, Toyota's Growth Fund, understand our approach to solving a complex challenge: harmonizing electric vehicles with the grid. For Toyota's growth fund, we're not just a technology company – we're a strategic enabler of their electrification roadmap. Our direct integration with Toyota and Lexus vehicles means we're building solutions that work seamlessly within their ecosystem. Nicole recognized that we're weaving together automotive, energy, and sustainability – a critical piece of the electric mobility puzzle. It's more than funding – it's a strategic partnership that validates our vision of reimagining how energy and transportation can work together through EV charging. Check out Nicole's blog post on the investment to learn more: https://lnkd.in/gzfZTCnm #ElectricVehicles #CleanTech #Innovation #FutureOfMobility

🚀 Exciting News: WeaveGrid secured $28M in Strategic Funding led by Woven Capital, Toyota's Growth Fund! This strategic investment from the world’s largest automaker distinguishes WeaveGrid as the market leader in EV charging software and validates our approach of custom, authorized integrations with automakers and charging manufacturers. WeaveGrid’s EV managed charging platform empowers utilities, automakers, and charging providers to unlock the value of grid-interactive vehicles and enhance the charging experience for drivers, whether through passive solutions or more complex value stacking like distribution-focused optimization or V2G. With this strategic round, WeaveGrid will deepen automaker and charging manufacturer integrations, expand our EV charging platform capabilities, and continue to advance a smarter, more sustainable mobility ecosystem. Big thanks to Toyota North America, Toyota Connected North America, Woven Capital, and our existing investors for supporting our vision of accelerating EV adoption and maximizing grid potential through intelligent, cybersecure technology. Let's power the future, together. ⚡️ Consider the grid… WOVEN 🪡 🧵 🚘 #Toyota #WovenCapital #ElectricVehicles #PHEV #ClimateTech #Innovation #Sustainability #WovenGrid #GridInteractive

Check out this Utility Dive article by Herman Trabish on the opportunity for distribution-focused EV managed charging! The article discusses: ⚡ the impacts of EVs on the electric grid, particularly the distribution system ⏰ moving beyond time-of-use rates, to optimized EV charging 🚘 Baltimore Gas and Electric's Smart Charge Management program with WeaveGrid as an example of how utilities can proactively manage EV charging loads before infrastructure upgrade costs escalate Industry Consensus: Utilities need third-party aggregators and grid-edge technologies to effectively manage EV charging loads and minimize distribution infrastructure upgrade costs. BGE's Stephanie Leach and WeaveGrid's Mathias Bell are quoted.

WeaveGrid's Automotive & Charging Partnerships Lead, Yakov Berenshteyn, just wrapped his thoughts on the 2024 LA Auto Show - and the electric vehicle landscape is anything but predictable! Key takeaways: 🌲 Sustainability is getting "quiet" - OEMs are moving beyond buzzwords into genuine electrification strategies 🚗 Hybrid and plug-in hybrid vehicles are sharing the spotlight with full EVs 🏠 Vehicle-to-home tech is becoming more transparent and consumer-friendly 🏛 Policy uncertainty? The industry is adapting with a mix of pragmatism and humor We're witnessing a nuanced evolution of electric mobility - not a revolution, but a thoughtful transformation. Read the full analysis on our blog: https://lnkd.in/gdBJmG9C #EVs #PHEVs #Automotive #Sustainability #V2H #V2G #TechInnovation

EVs are an interesting Distributed Energy Resource #DER for utilities that wish to not only shift electrical demand but also shape electrical load. These vehicles will continue impacting the grid as #EV adoption increases on the #GridEdge at both residential and commercial premises. Our Active #ManagedCharging program decreases peak demand and shifts #ElectricVehicle charging from expensive on-peak hours to affordable off-peak hours…all while ensuring that vehicles are charged before customers leave their homes. The visual shows our summer Time of Use Rates #TOU as the first layer on a 48-hour timeline. You'll notice that weekday #electricity is expensive from 13:00-19:00 (1pm to 7pm). We overlaid the weekday rates with a snapshot of #optimized charging data so you could see how well our #optimization signal shifts #energy consumption toward specific off-peak hours when #renewables are abundant. However, people often say "This shift is pretty good...but HOW good is it?" Thanks to Guidehouse and WeaveGrid partnerships over the last few years, we could add a purple Plug-In Counterfactual line that assumes EVs would have started charging when they were originally plugged in. We also added a blue Baseline Counterfactual that leverages data from a sample of drivers who charged without an optimized schedule (we assume this sample size represents the entire population). We leverage these #counterfactuals to estimate how drivers would have charged without our optimized schedule in order to calculate the benefits of #SmartCharging for our grid.

⚡WeaveGrid and ChargePoint Power Up EV Charging in California! ⚡ We’re excited to announce the expansion of our partnership with ChargePoint to support EV charging incentives for ChargePoint Home Flex customers in California! WeaveGrid’s Yakov Berenshteyn said it best: "ChargePoint’s commitment to data quality and continuous innovation have allowed us to leverage their chargers for our most sophisticated optimization algorithms, making any EV an asset for the electric grid.” Together, we're powering the future of electric mobility by: - Optimizing Grid Load: Leveraging ChargePoint’s innovative charging products and WeaveGrid's DISCO algorithm to intelligently manage EV charging. - Rewarding EV Drivers: Participating in programs like PG&E EV Charge Manager and ChargePerks California to earn rewards and save on energy costs. - Strengthening the Grid: Contributing to a more resilient and sustainable energy system. #EVCharging #ElectricVehicle #CleanEnergy #GridOptimization #ChargePoint #WeaveGrid #California #ClimateAction

Congratulations to our partners at Wallbox Chargers on this amazing milestone!