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WeaveGrid, a leader in EV charging management software, has secured a strategic investment from Hyundai Motor Company and Kia Corporation, further reinforcing its position as a preferred software solution for automakers integrating electric vehicles (EVs) with the power grid. This investment follows a previous one from Toyota’s Woven Capital, positioning WeaveGrid as a leading platform for grid-interactive EV technology.
Key Highlights:
- Hyundai and Kia’s investment strengthens WeaveGrid’s role in EV-grid integration.
- WeaveGrid’s EV Management System (EVMS) enables grid-integrated charging, vehicle-to-grid (V2G) capabilities, and AI-driven smart charging orchestration.
- Security-focused platform ensures automakers can seamlessly manage EV data while optimizing charging patterns.
- Industry-wide momentum, with Toyota, Hyundai, and Kia all backing the platform for cybersecure, intelligent energy management.
- Already deployed with major utilities, WeaveGrid is scaling solutions for EV-grid connectivity.
Keith Noh, Vice President at Hyundai Motor Company, highlighted the transformative potential of the partnership: “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.”
WeaveGrid CEO Apoorv Bhargava emphasized the importance of this investment, stating: “With Hyundai Motor and Kia joining Toyota as investors, 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.”
As the EV market rapidly evolves, WeaveGrid’s innovative technology offers a scalable, intelligent charging solution, addressing challenges such as grid load management and renewable energy integration. With major automakers backing its platform, WeaveGrid is well-positioned to drive the next phase of EV adoption and grid reliability.
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