WeaveGrid, a company that enables rapid electric vehicle (EV) adoption on the power grid, announced a strategic investment from Hyundai and Kia. This solidifies its position as the preferred software solution for automakers seeking to securely and seamlessly integrate their EVs with the electric power grid.
By utilizing WeaveGrid’s technology and patented software solution, automakers can seamlessly integrate EVs with the electric power grid while ensuring that vehicle data is handled with the highest security. And the company’s EV Management System (EVMS) enables grid-integrated EV charging and offers a comprehensive suite of utility solutions. This includes a platform that enables vehicle-to-grid capabilities and a patented approach for 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 validates 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, cyber-secure EV-grid integration.
The strategic funding highlights WeaveGrid’s unique position in the market. As the only platform 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. And 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.
WeaveGrid’s approach addresses critical challenges in EV charging, including grid load management and renewable energy integration. And with this latest funding, WeaveGrid is prepared to accelerate the shift towards intelligent, grid-interactive electric transportation, offering a scalable solution that meets the complex needs of automakers, utilities, and EV drivers.
KEY QUOTES:
“Hyundai is particularly excited about WeaveGrid’s ability to transform our software-defined vehicles into intelligent, grid-interactive assets, building on our Bluelink+ system. Our software-defined EVs require a sophisticated platform that can securely manage vehicle data, optimize charging patterns, and strengthen the grid. WeaveGrid’s technology allows us to turn our vehicles into dynamic energy resources that can communicate intelligently with the electric grid, creating value for drivers, utilities, and the broader energy ecosystem.”
- Keith Noh, Vice President at Hyundai Motor Company and Head of the ZER01NE Group
“With Hyundai Motor and Kia joining Toyota as investors in our platform, we’re seeing a clear industry convergence. These investments validate our approach to creating a cybersecure, seamless solution that enables automakers to transform their EVs into grid-interactive vehicles. With our solutions already deployed with some of the largest utilities in the country, we’re establishing the foundation for how hundreds of millions of EVs and the grid will work together.”
- Apoorv Bhargava, CEO of WeaveGrid
