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WeaveGrid

WeaveGrid enables the electric transportation transition by helping utilities to connect electric vehicles to the grid.

Data products to enable rapid electric vehicle adoption

WeaveGrid is a software company building data products to enable rapid electric vehicle (EV) adoption. WeaveGrid’s SaaS platform connects a growing wave of electric vehicles to an electric grid that was not designed to support the power intensity of ubiquitous electric vehicle charging. WeaveGrid uses cutting-edge data science and optimization to bring value to all stakeholders in this transition, including utilities, automakers, and drivers. The software platform helps utilities properly automate and orchestrate EV loads in response to localized grid congestion or overall transmission system imbalances. Leading U.S. utilities, including Pacific Gas and Electric Company (PG&E), Xcel Energy, and Exelon Utilities, deploy WeaveGrid’s software solutions to lower grid infrastructure costs, integrate more electric vehicles, and save drivers money. 

Consumer adoption of electric vehicles is happening faster than many expected, with 40 million EVs expected on the road by 2030, and newly passed federal and state policies have positioned the EV market for even further acceleration. However, the electrical grid in its current form is not set up to reliably accommodate new load growth from electric vehicles. Without any innovation, utilities would need to spend billions of dollars on new grid infrastructure, putting massive inflationary pressure on customer retail rates. WeaveGrid offers an elegant, low-cost software solution to connect two incumbent industries – automakers and utilities – to deliver on the promise of a decarbonized transportation sector at the lowest cost to rate-payers.

Details

Location
San Francisco, CA
Focus Area
Intelligent Mobility
Activate Team
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Caroline Chick

Associate

Caroline is an associate at Activate, where she supports all parts of the investment process.

Prior to joining Activate, Caroline was an investment banker at Nomura Greentech, where she provided M&A and capital raise advisory for companies focused on accelerating the sustainable transition. She has experience working with both early growth stage and public companies across the advanced transportation, energy technology, and environmental services sectors.

Caroline holds a degree in Finance with minors in History and Spanish, with honors, from The Ohio State University. She was a recipient of the Pace Setters Award, given to the top 1% of students in the business school on the basis of academics and leadership. In her free time, Caroline enjoys running, traveling/backpacking, cycling, live music and exploring new coffee shops/cocktail bars in San Francisco.

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Eric Meyer

Principal

Eric is a Principal at Activate, where he focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. He is a Board Observer at portfolio companies Voltus, Omnidian, PosiGen, Fictiv, Parsable and Element Analytics.

Prior to joining Activate, Eric was an Associate at ValueAct Capital, an activist hedge fund, where he covered investment ideas spanning several sectors including energy and industrials. Eric began his career as a business analyst at McKinsey & Company in their Silicon Valley office.

Eric holds a degree in Chemistry from Yale University and an MBA from the Wharton School of the University of Pennsylvania where he graduated as a Palmer Scholar. In his free time, Eric enjoys the combination of fresh air and healthy middle-aged competition by playing soccer and golfing during the summer and skiing in the winter.

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Evan Friedman

Associate

Evan is an associate on the Activate team, where he supports all parts of the investment process.

Prior to joining Activate, Evan was an Equity Research Analyst at Barclays in New York City, where he published research on emergent energy transition technologies and public companies across the Power & Utilities sector. Evan also has experience working with music and healthtech startups through the Nashville Entrepreneur Center.

Evan holds degrees in Economics and Human & Organizational Development, with honors, from Vanderbilt University. In his free time, Evan enjoys scuba diving, wildlife photography, cooking and watching nature documentaries.

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Raj Atluru

Managing Partner

Raj has been investing at the intersection of technology and energy, transportation and industrial systems for 25 years and has had the honor of working with many of the early pioneers in these markets. Raj has founded three private investment firms focused on sustainability over the previous three decades.

Prior to co-founding Activate, Raj was a Founder of Silver Lake Kraftwerk, a private equity fund focused on the energy and resource sectors. From 2000 to 2011, Raj was a Managing Director at Draper Fisher Jurvetson (DFJ), where he founded the firm’s cleantech and India investment practices. DFJ was an early investor in companies that created entirely new markets with visionary founders – Baidu, Skype, Tesla, SpaceX, Solar City, EnerNOC, Box, Athena Healthcare, Redfin and Ping Identity. In 2005, Raj co-founded DFJ Element with Activate co-founder David Lincoln – the leading dedicated cleantech firm of its vintage. Raj has served on over 25 public, private and nonprofit boards including SolarCity (SCTY), Ping Identity (PING), EnerNOC (ENOC), Parnassus Funds and current investments Generate Capital, FLEXE, Swimlane, Ridecell, Scoop, Voltus, Omnidian and Nozomi.

Raj holds BS and MS degrees in Environmental Engineering and an MBA from Stanford University, where he began his lifelong passion for renewable energy systems. He was previously a Sandia National Labs research associate, an Aspen Fellow, and founder of an educational non profit, The Spotlight Foundation. In his free time, Raj enjoys skiing the steeps, hiking and cooking for his family in San Francisco.

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