WeaveGrid, a software company that enables rapid electric vehicle (EV) adoption on the power grid, announced a strategic investment from Hyundai Motor Company and Kia Corporation, further solidifying its position as the preferred software solution for automakers seeking to securely and seamlessly integrate their EVs with the electric power grid.
By leveraging WeaveGrid’s technology and patented software solution, automakers can integrate EVs with the electric power grid, ensuring that vehicle data is handled with the highest security. The company’s EV Management System (EVMS) enables grid-integrated vehicle charging and offers a comprehensive suite of utility solutions.
This includes a platform that enables vehicle-to-grid capabilities and a patented approach to distribution-integrated smart charging orchestration (DISCO), built with artificial intelligence (AI) technology.
Joining Woven Capital, Toyota’s growth fund, this investment by Hyundai Motor and Kia underscores WeaveGrid’s status as the proven platform of choice for grid-interactive vehicle technologies. With three major automotive competitors investing directly in the platform, WeaveGrid is establishing itself as the definitive solution for co-developed, cybersecure EV-grid integration.
As the only platform currently with over a dozen official integrations with automotive brands and EV charging suppliers, WeaveGrid is pioneering a new approach to high-quality, cybersecure EV charging management. By providing a unified, secure platform, the company is solving one of the most complex challenges in decarbonizing transportation: ensuring electric grid reliability by transforming EVs into grid-interactive assets.
Filed Under: Charging, Technology News