Wevo Energy provides a cloud-based EV charging management system that utilizes AI-driven predictive load balancing to optimize charging schedules and reduce energy costs by up to 60%. The platform enables charge point operators to maximize existing infrastructure, allowing for the installation of more charging stations without costly upgrades while ensuring efficient power allocation based on real-time demand.
Funding
Funding not disclosed
Founders
Product
Problem
Managing electric vehicle (EV) charging infrastructure at scale presents challenges, including power limit constraints, high upfront infrastructure costs, and complex billing processes. Existing solutions often lack the ability to dynamically manage power distribution, leading to increased installation expenses and inefficient energy usage.
Solution
Wevo Energy offers a cloud-based EV charging management system that leverages AI-driven predictive load balancing to optimize charging schedules and reduce energy costs. The platform enables charge point operators (CPOs) to maximize the capacity of existing electrical infrastructure, allowing for the deployment of more charging stations without costly upgrades. Wevo's system supports cascading multiple chargers onto a single electrical wire, dynamically managing available current to enable simultaneous charging. The AI algorithms learn driver and vehicle behavior to create optimal daily charging schedules, increasing charging capacity and reducing reliance on expensive grid power by integrating solar energy. The platform is hardware-agnostic, connecting to over 100 OCPP-compliant chargers through open-standard protocols, ensuring flexibility and interoperability.
Target Audience
The primary target audience includes charge point operators, apartment building owners, workplaces, fleet managers, and public charging network operators seeking to optimize EV charging infrastructure and reduce energy costs.
Features
- AI-based predictive load balancing optimizes charging schedules based on driver and vehicle behavior.
- Dynamic power distribution prevents overload and maximizes charging capacity.
- Support for cascading multiple chargers on a single electrical wire reduces installation costs.
- Integration with solar energy assets reduces reliance on grid power and lowers emissions.
- Compatibility with over 100 OCPP-compliant chargers ensures hardware flexibility.
- Demand response capabilities integrate with utilities to maximize incentives and minimize grid strain.
- Mobile app provides drivers with access to public and private chargers, seamless roaming, and flexible payment options.
- Hierarchical energy management monitors and controls energy assets, including solar production, building consumption, and batteries.