Toyota Invests in WeaveGrid, Signaling Enhanced Customer Experience for Battery and Plug-in Hybrid Electric Vehicles
Plano, Texas (December 19, 2024) – Toyota Motor North America (TMNA) has announced a strategic investment in WeaveGrid, a leading provider of intelligent charging and energy management solutions for electric vehicles (EVs). This investment underscores Toyota’s commitment to enhancing the customer experience for its expanding lineup of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
WeaveGrid’s advanced software platform offers a comprehensive suite of features designed to optimize EV charging, reduce energy costs, and provide real-time insights to drivers. The investment will enable Toyota to integrate WeaveGrid’s solutions into its own vehicle systems, delivering a seamless and convenient charging experience for customers.
Key Benefits of the Toyota-WeaveGrid Collaboration:
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Optimized Charging: WeaveGrid’s platform analyzes vehicle usage patterns, grid conditions, and utility rates to determine the most efficient and cost-effective charging schedules. This helps extend battery life, minimize energy consumption, and reduce charging costs.
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Energy Management: The platform integrates with smart home devices and energy management systems to balance EV charging with household energy needs. This reduces the risk of overloading electrical systems and helps customers save on utility bills.
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Real-Time Insights: Drivers can access a mobile app to monitor their vehicle’s charging status, energy consumption, and estimated range. This information empowers customers to make informed decisions about charging and energy use.
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Seamless Integration: WeaveGrid’s platform will be integrated into Toyota’s vehicle systems, providing a native and convenient charging experience for drivers. This eliminates the need for third-party apps or devices.
Expanding Toyota’s Electrified Vehicle Lineup:
Toyota is rapidly expanding its lineup of electrified vehicles to meet the growing demand for sustainable transportation. The company recently launched the all-electric Toyota bZ4X and is planning to introduce several new BEVs and PHEVs in the coming years. The investment in WeaveGrid will help ensure a positive customer experience as Toyota’s electrified vehicle offerings continue to grow.
“We are committed to providing our customers with the best possible experience when it comes to owning and operating an electrified vehicle,” said Andrew Dahl, vice president of Toyota Connected Technologies, North America. “WeaveGrid’s technology will seamlessly integrate into our vehicles, giving customers peace of mind and helping them maximize the benefits of EV ownership.”
Strengthening the Battery and Charging Ecosystem:
Toyota’s investment in WeaveGrid also aligns with the company’s broader efforts to strengthen the battery and charging ecosystem for EVs. Toyota is a founding member of the Battery Innovation Center (BIC), a consortium of automakers and energy companies working to advance battery technology. The company is also collaborating with partners to expand the availability of public charging stations and develop innovative charging solutions.
“We are thrilled to partner with Toyota and leverage our technology to enhance the customer experience for their expanding lineup of electrified vehicles,” said Mike Calise, CEO of WeaveGrid. “Together, we can make EV ownership more convenient, affordable, and sustainable than ever before.”
The Toyota-WeaveGrid collaboration is a significant step in Toyota’s journey towards becoming a mobility company of the future. By investing in innovative technologies and partnering with industry leaders, Toyota is committed to delivering exceptional customer experiences and driving the adoption of sustainable transportation solutions.
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