Weavegrid Announces $35 Million Series B Investment To Enable The Electric Transportation Transition
Weavegrid Announces $35 Million Series B Investment To Enable The Electric Transportation Transition
11/15/22, 1:07 PM
Location
san franciscoMoney raised
$35 million
Industry
automotive
software
Round Type
series b
Investors
Activate Capital, The Salesforce Ventures Impact Fund, Coatue, Grok Ventures, Breakthrough Energy Ventures, Activate Capital, Collaborative Fund, Salesforce Ventures
WeaveGrid, a software company that builds data products to enable rapid electric vehicle (EV) adoption, announced today that it has raised $35 million in Series B funding. Salesforce Ventures led the round, with participation from new investors Activate Capital, Collaborative Fund, Emerson Collective, and MCJ Collective and existing investors Breakthrough Energy Ventures, Coatue, Grok Ventures, and The Westly Group. With a continued focus on climate investments, the Salesforce Ventures Impact Fund took its first lead role in the WeaveGrid investment. The Series B comes just eighteen months after WeaveGrid announced its $15 million Series A.
Company Info
Location
san francisco, california, united states
Additional Info
WeaveGrid works with utilities, automakers, EVSEs, and EV owners to enable and accelerate the electrification of transportation.
Using machine learning, optimization, and predictive analytics, our software solution solves several EV-grid integration challenges for utilities in a systems-oriented manner; helps integrate renewable energy resources on the grid; and saves utility customers money on their bills.
Our vision is to drive the rapid decarbonization of the transportation and electric networks by intelligently connecting EVs to the grid.