As we kick off a new year, we wanted to sit down and share our reflections and what’s in store for us in 2023. Not long ago, WeaveGrid was a very small company with some big ideas about EV charging. But a couple of things that we thought then have continually been confirmed: EVs are coming at a pace far greater than anyone was anticipating and software will play a key role in making EV charging work for everyone.
Our company has been growing in support of those ideas. At the beginning of 2020, WeaveGrid had only six employees and we grew steadily through the pandemic to more than sixty at the start of 2023. To support this growing team, we moved into a beautiful new office in San Francisco. Rounding out the year, we brought our entire team together in person, and the energy to work toward our mission and serve our customers even better was electric.
Along the way, we have continued to develop deeper working relationships with each of our stakeholders: utilities, EV drivers, automakers, and charging companies. We expanded our geographic reach to new states across the country, and earned the trust of several thousand new drivers who joined our platform. We launched new programs with Exelon utilities Baltimore Gas & Electric, Pepco, and Delmarva (Smart Charge Management), Xcel Energy (Optimize Your Charge), Portland General Electric (Smart Charging), Pacific Gas & Electric (evPulse for PG&E), and Salt River Project (SRP EV Smart Charge Program). We’ve also expanded partnerships and integrations with automakers and charging companies.
2022 represented a key milestone for WeaveGrid as we raised a Series B round of funding. We’re thankful for the investors who have faith in our product and our vision, providing us the opportunity to continue to grow during a volatile macroeconomic environment. We’re particularly excited to bring on Salesforce Ventures as our lead investor, with participation from new investors Activate Capital, Emerson Collective, Collaborative Fund, and MCJ Collective. We’re also grateful for the continued trust in our growth and potential from our existing investors Coatue, Breakthrough Energy Ventures, Grok Ventures, and The Westly Group who participated in the Series B as well. This group of investors brings the right mix of SaaS and energy and mobility industry experience to fuel our growth in these sectors.
We’ve come a long way since we started WeaveGrid, and we’re excited about what’s to come as we work directly with key industry stakeholders and plan for long-term growth. Our Series B enables us to invest in our team, obtain and support more utility customers and EV drivers, and continue to grow our partnerships with industry stakeholders, including utilities, automakers, and charging companies. We’re actively expanding our product capabilities to ride the wave of EV adoption and ensure the grid can support the coming influx of EVs.
Our products will help our partners understand what’s happening with EVs on the grid and how to prepare to support many more as EV adoption takes off. We will also continue to launch new utility programs and announce automaker and charging partnerships. And we are doubling down on mitigating the impacts of widespread EV charging on the distribution system with our DISCOTM solution (Distribution-Integrated Smart Charging Orchestration).
We’re thrilled to continue charging forward with our utility and automotive partners by enabling high levels of EV adoption and making EV charging simple, cleaner, and more convenient for all. We’ll optimize charging to solve future pain points with an unrivaled focus on minimizing distribution system impacts. Our platform and team will reduce burden for utilities and OEMs by handling challenging software integrations and unlocking new business opportunities. Together, we'll help accelerate the industry towards a decarbonized future of transportation.
- Apoorv & John, on behalf of the entire WeaveGrid team