WeaveGrid, a software company focused on integrating electric vehicles (EVs) with the electric grid, announced a strategic investment from LG Technology Ventures, the venture capital arm of LG Group. The investment adds expertise in energy storage to WeaveGrid’s network of partners.
The collaboration reflects growing industry demand for software solutions that can manage EV charging and balance load on the grid.
By combining WeaveGrid’s AI-driven EV Management System (EVMS) with advanced battery and storage capabilities, the company aims to expand grid-interactive vehicle solutions that support utilities, automakers, and EV owners.
WeaveGrid’s platform enables grid-integrated charging and includes a patented approach to distribution-integrated smart charging orchestration (DISCO). The system is designed to optimize battery performance, improve grid stability, and provide seamless charging experiences for drivers, while prioritizing data security and privacy.
This investment follows previous strategic funding from Woven Capital (Toyota’s growth fund), Hyundai Motor Company, and Kia Corporation. With participation from both the automotive and energy sectors, WeaveGrid is continuing to develop scalable solutions for vehicle-grid integration, renewable energy adoption, and battery optimization.
Filed Under: Charging, Technology News, Vehicle-to-Grid (V2G)