Weavegrid Secures Strategic Investment From Hyundai Motor And Kia, Reinforcing Leadership In Ev Charging Management
WeaveGrid , a software company that enables rapid electric vehicle EV adoption on the power grid, today 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 WeaveGrids 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. The companys EV Management System EVMS enables grid-integrated EV charging and offers a comprehensive suite of solutions for utilities. 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, Toyotas growth fund, this investment by Hyundai Motor and Kia underscores WeaveGrids 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.
Hyundai is particularly excited about WeaveGrids ability to transform our software-defined vehicles into intelligent, grid-interactive assets, building on our Bluelink system, said Keith Noh , Vice President at Hyundai Motor Company and Head of the ZER01NE Group. Our software-defined EVs require a sophisticated platform that can securely manage vehicle data, optimize charging patterns, and strengthen the grid. WeaveGrids 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.
Apoorv Bhargava , CEO of WeaveGrid, highlighted the industry-wide significance of these strategic investments: With Hyundai Motor and Kia joining Toyota as investors in our platform, were 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, were establishing the foundation for how hundreds of millions of EVs and the grid will work together.