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Salesforce Backs Startup That Helps Prep Power Grid for More EVs

California-based WeaveGrid raised $35 million in funding round led by Salesforce Ventures.

RF EV charging electric vehicle

Source: Getty Images

A California startup that is helping utilities prepare their grids for a surge of electric vehicles raised $35 million in a funding round led by Salesforce Inc.’s venture arm.

WeaveGrid said other new investors joined existing backers, including Bill Gates-led Breakthrough Energy Ventures, in the latest financing. The firm, which developed software to help utilities better integrate EVs into their grids by coordinating charging times, will use the additional funds to hire more staff and target more customers, Chief Executive Officer Apoorv Bhargava said in an interview.