TechCrunch Industry News Volteras wants to connect to more EVs than anyone else
Jun 2, 2025
Volteras has secured $11.1 million to enhance connectivity with electric vehicles. The discussion highlights how EVs can support aging electrical grids, emphasizing the importance of bi-directional chargers. It also dives into innovative software solutions that facilitate energy storage and create new revenue opportunities for automakers. The interplay between EVs and energy systems is crucial for the future of sustainable transport.
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EVs as Grid Energy Storage
- Electric vehicles (EVs) have the potential to become a major energy storage resource for the grid.
- Connecting EVs with bi-directional chargers could multiply grid-scale energy storage by nearly 10 times in the US.
Volteras Connects EVs to Grid & Services
- Volteras builds software that connects EVs, acting as a virtual power plant to support the grid.
- It also unlocks other connected car features for companies, generating revenue shared with automakers.
Volteras' Market Coverage Lead
- Volteras works with over 30 automakers, giving it a major market advantage.
- It expects to cover around 90% of the global automotive market by year-end.