WeaveGrid, a software company that enables rapid electric vehicle (EV) adoption on the electric grid, today announced $28 million in funding, led by Toyota's growth fund, Woven Capital. Existing investors Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures participated, with debt provided by HSBC Innovation Banking. This investment underscores WeaveGrid's position as the preferred platform solution for automakers seeking to securely and seamlessly integrate their EVs with the electric grid while providing an optimized charging experience for EV drivers.

WeaveGrid empowers automakers and electric utilities to intelligently deploy and maximize the value of grid-interactive vehicles, while creating enhanced charging experiences for EV drivers. Utilizing WeaveGrid's market-leading managed charging platform, automakers and utilities alike can accelerate the rapid adoption of EVs while ensuring grid stability.