WeaveGrid, a US-based software company specializing in electric vehicle (EV) and grid integration, said it has received a strategic investment from LG Technology Ventures, the venture capital arm of South Korea’s LG Group. The partnership underscores the growing role of intelligent software in balancing rising EV demand with grid stability.
WeaveGrid develops AI-driven software platforms that connect automakers and utilities, enabling secure and efficient EV charging while supporting vehicle-to-grid (V2G) services. Its patented systems optimize charging loads, extend battery life, and provide opportunities for EV drivers to benefit from grid services. The company said LG Technology Ventures’ expertise in energy storage and battery technologies will strengthen its solutions in grid-interactive vehicle management.
The investment expands WeaveGrid’s network of backers, which already includes Toyota’s Woven Capital, Hyundai Motor, and Kia Corporation. The company said its technology is now used by utilities serving a significant portion of US EVs, addressing challenges in load management, renewable energy integration, and advanced battery optimization.
WeaveGrid CEO Apoorv Bhargava said the partnership would accelerate innovation at both the vehicle and grid level. “By advancing V2G and vehicle-to-everything capabilities, we are delivering superior charging experiences for drivers while supporting utilities and automakers in building a sustainable mobility ecosystem,” he said.