ev.energy raises $33 million Series B for EV-grid integration software

EV managed-charging software company ev.energy secured $33 million in Series B funding led by National Grid Partners to expand vehicle-grid integration across North America and Europe, managing charging for over 120,000 EVs daily. As India scales EV adoption and grid integration, intelligent managed-charging models are increasingly relevant to utilities and fleet operators.

ev.energy, an EV managed-charging software company, secured $33 million in Series B funding led by National Grid Partners with support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures (JLR's investment arm). The funding aims to expand vehicle-grid integration across North America and Europe and enable Vehicle-to-Grid services. The platform manages charging of over 120,000 EVs daily, ensuring charging occurs during grid-friendly times, and partners include National Grid, Volkswagen Group, Maxeon, and Siemens. Founded in 2018, ev.energy holds B Corp certification and reported saving an estimated 762 tons of carbon emissions in 2022.

The development affects utilities, EV charging providers, automakers, and fleet operators seeking to manage EV load and maintain grid stability. For India, where EV adoption is accelerating and grid integration is a growing concern, managed-charging and Virtual Power Plant models are increasingly relevant. Indian distribution utilities and fleet operators may find value in software that shifts charging to grid-friendly periods, optimises energy use, and supports demand-response, as rising EV demand begins to strain power infrastructure in developed and developing markets alike.

ev.energy plans to use the funding to expand operations globally, connect millions of vehicles, and develop Vehicle-to-Grid and bidirectional charging, building on over 30 utility contracts and partnerships with charging brands and OEMs including Volkswagen Group. Indian utilities, EV operators, and policymakers should monitor how managed-charging and V2G models scale, given their potential to support grid stability as EV penetration grows. Stakeholders can assess whether such smart-charging platforms could be adapted to Indian grid and tariff conditions.

Key figure — Daily managed load: over 120,000 EVs charged at grid-friendly times