SolarEdge announced Thursday that it has completed its acquisition of Israeli startup Wevo Energy. Founded in 2021 by CEO Teddy Flatau and CTO Adi Baron, Wevo is the ideal choice for EV charging in locations with large numbers of EV chargers, such as apartment complexes, workplace parking lots, and public charging locations. A software startup specializing in automation and management.
Wevo’s software is designed to be vendor-neutral and supports industry-leading open protocols to provide multi-user pricing and billing, progressive prioritization of charging schedules, predictive load management, and Enables various additional services. To date, Wevo has powered thousands of parking spaces in North America, Europe, and the Middle East. Wevo is already integrated with SolarEdge’s EV chargers, solar inverters, and meters.
The Wevo solution will also be part of the SolarEdge ONE energy optimization system for the commercial and industrial (C&I) sector.
“This acquisition represents a continuation of SolarEdge’s strategy to strengthen its software portfolio for the C&I sector,” said Zvi Lando, CEO of SolarEdge. “As the EV market continues to grow, distributed renewable energy is key to unlocking the full potential of mobility electrification. and is now part of the SolarEdge energy ecosystem.”
Teddy Flatau, CEO of Wevo Energy, said: “Wevo’s mission is to make EV charging accessible by electrifying every parking space. As a subsidiary of SolarEdge, we develop and optimize integrated solutions to create a seamless experience for EV drivers. Now you can charge with clean solar energy and maximize cost savings. This will enable us to make significant progress towards achieving a low-carbon future. ”
