WattEV
WattEV operates a vertically integrated electric heavy-duty freight platform in California, combining proprietary CCS/MCS charging depots, Class 8 battery-electric Truck-as-a-Service, and asset-based freight transport for enterprise shippers such as Amazon, Walmart, P&G, and Wayfair.
- Company typePrivate
- Founded2020
- HeadquartersLong Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What WattEV does
WattEV is a Long Beach, California-based privately held company founded in 2020 that operates a vertically integrated zero-emission heavy-duty freight platform. The company combines proprietary charging infrastructure (CCS up to 360 kW and Megawatt Charging System up to 1.2-3.8 MW per truck) with Class 8 battery-electric truck access and asset-based drayage and middle-mile freight services, sold primarily to enterprise shippers and carriers. Its technology stack includes a patented Solid-State Transformer (SST) for direct medium-voltage AC-to-DC conversion, a 5 MW (scalable to 25 MW) solar microgrid with battery energy storage that powers the Bakersfield depot in islanded mode, and an AI-driven freight optimization platform for routing, scheduling, and depot energy management.
The business model spans four revenue streams: Truck-as-a-Service (subscription-style bundled truck, maintenance, insurance, and charging access), Charging-as-a-Service (usage-based access to CCS and MCS depots open to all EVs with optional memberships), asset-based zero-emission freight services (per-mile transport, anchored by an Amazon Logistics relationship moving 1.54 million loads annually), and emerging Solid-State Transformer hardware sales and licensing, including via the Mission Critical Group partnership that targets 800 VDC AI factory power infrastructure. WattEV reports integrated electric TCO of $2.46 per mile versus $2.76 for diesel (a 10.7% advantage before LCFS credits) and operates six California depots with 12-15 additional sites under development, targeting 100 depots and 12,000 heavy-duty electric trucks in California by 2030. Growth is funded primarily through approximately $268 million in cumulative grant capital across CARB, CEC, CTC, FHWA, and BAAQMD.
WattEV firmographics
Firmographics- Name
- WattEV
- Legal name
- WattEV, Inc.
- Website
- https://wattev.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WattEV operates a vertically integrated electric heavy-duty freight platform in California, combining proprietary CCS/MCS charging depots, Class 8 battery-electric Truck-as-a-Service, and asset-based freight transport for enterprise shippers such as Amazon, Walmart, P&G, and Wayfair.
- Ownership category
- akta.pro rank
WattEV industry classification
Industry- Product category
- Heavy-Duty Electric Trucking & Freight Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)
- SIC
- Electric Services (4911), Motors & Generators (3621)
- akta.pro primary industry
- Volt/VAR Optimization (VVO), CVR & Voltage Management with DER (EUADALAH)
- akta.pro secondary industries
- PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)
Keywords
Where WattEV is headquartered
LocationHeadquarters
- HQ city
- Long Beach
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
WattEV business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Truck-as-a-Service (TaaS): Subscription-style managed service providing Class 8 battery-electric truck access, OEM procurement support, maintenance, insurance, and bundled depot charging for carriers and owner-operators at a total cost of operation on par with diesel.
- Charging-as-a-Service (CaaS): Usage-based access to WattEV's CCS and MCS depot network (open to all EVs, with membership discounts and 24/7 site support), monetized per kWh delivered and per session across both public and fleet customers.
- Zero-Emission Freight Transport Services: Asset-based drayage and middle-mile/OTR trucking services operated by WattEV company drivers for enterprise shippers (e.g., Amazon Logistics anchor relationship moving 1.54M loads annually), priced as integrated per-mile transport.
- Solid-State Transformer (SST) Hardware Sales and Licensing: Commercialization of WattEV's proprietary SST platform for adjacent DC power applications including AI data centers (800 VDC architecture), mining, marine, and industrial uses — anchored by a strategic investment and industrialization partnership with Mission Critical Group.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Vertically integrated TaaS + CaaS pricing targeting diesel TCO parity |
| Usage-based | Pay-as-you-go | Public depot charging (membership or pay-per-use) |
| Subscription | Monthly | TaaS truck lease + maintenance + charging bundle |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels8 records
WattEV product offering
Product offeringCore offering
WattEV operates a vertically integrated zero-emission freight platform that builds and operates high-power public charging depots for commercial trucks, leases Class 8 battery-electric trucks through its Truck-as-a-Service (TaaS) program, and provides zero-emission drayage and freight transport services for enterprise shippers and carriers. The company also develops and commercializes proprietary Solid-State Transformer (SST) hardware, solar-plus-storage microgrids, and AI-driven freight and charging optimization software that together enable megawatt-class truck charging and fleet electrification.
Differentiator
Problem solved
Functional benefit
Products and services
- Truck-as-a-Service (TaaS) Subscription-based leasing of Class 8 battery-electric trucks bundled with charging access, maintenance, and WattEV's AI-driven freight/charging software, sold to enterprise shippers, carriers, and owner-operators that need to electrify without owning trucks or depot infrastructure.
- Charging-as-a-Service (CaaS) Public access to WattEV-owned high-power charging depots (MCS and CCS) on a per-kWh usage basis, available to WattEV's own fleet, to TaaS lessees, and to third-party electric trucks needing high-power charging along California freight corridors.
- Zero-Emission Freight Transport Services Contracted drayage and line-haul freight transportation performed with WattEV's electric trucks and carrier partners, sold to enterprise shippers such as Amazon Logistics, Walmart, Wayfair, P&G, and MGA Entertainment that need zero-emission freight capacity to meet Scope 3 and California CARB/ACF compliance.
- Solid-State Transformer (SST) Hardware Proprietary Solid-State Transformer (SST) hardware that converts medium-voltage grid power to the high-current DC output required for megawatt-class truck charging, reducing footprint and cost versus conventional transformer-based chargers; deployed at WattEV depots and offered to third parties as a hardware/IP product.
Companies that use WattEV
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
WattEV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability1 record
Feature5 records
WattEV partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- TeslaflagshipWattEV placed the largest single Tesla Semi order to date (370 Class 8 electric trucks, ~$100M+), with first 50 units in 2026 and full fleet by end of 2027. Over 300 trucks will deploy under a joint program with the Port of Oakland. Tesla Megawatt Charging System (MCS) chargers are being installed at WattEV's Oakland and Fresno depots, and the two companies are collaborating on California's first large-scale electric freight corridor.
- Mission Critical Group (MCG)flagshipMCG announced a strategic investment in WattEV to industrialize and deploy WattEV's Solid-State Transformer (SST) technology for 800 VDC power architecture in AI factories. MCG will lead manufacturing and deployment of a medium-voltage Solid-State Transformer platform that converts medium-voltage AC directly to 800 VDC for high-density AI workloads, combining WattEV's proven technology with MCG's U.S. manufacturing capabilities.
- Port of OaklandflagshipPublic-private partnership to deploy over 300 Tesla Semis in a joint program supported by megawatt-scale MCS-capable charging at the Port of Oakland. WattEV broke ground on its sixth California depot (8407 Edgewater Drive) on June 24, 2025, establishing a zero-emission freight corridor from the Bay Area to Sacramento, Nevada, and beyond.
- Port of Long BeachcoreWattEV's Port of Long Beach depot (2410 Pier A Way, opened July 24, 2023) hosted the first use of Tesla Semis at the Ports of Long Beach/LA complex. The Port of Long Beach CEO Mario Cordero publicly endorsed the Tesla Semi deployment as a step toward eliminating heavy-duty freight emissions at the port.
- Vernon Public Utilities (VPU)minorStrategic utility partner for WattEV's Vernon depot (4199 Bandini Blvd), supporting a regional network of charging infrastructure near major ports and freight routes.
- MGA EntertainmentcoreExclusive zero-emission transporter under WattEV's 'Brands That Care' campaign launched July 27, 2024. MGA uses WattEV's zero-emission Class 8 trucks for heavy-duty freight as part of a co-branded sustainability marketing effort.
- Sacramento International Airport regionminorSite of a major WattEV solar-powered and grid-connected electric truck charging depot planned to open in late 2025 as part of the $40.5M Northern California and Oregon expansion.
Scale indicators12 records
Recent moves9 records
Expansion highlights6 records
WattEV competitors and assessment
Company assessmentDirect peers
- TeraWatt Infrastructure: TeraWatt Infrastructure develops, finances, and operates a public-access network of charging depots for medium- and heavy-duty electric vehicles across the U.S. It is the closest direct peer to WattEV, with overlapping HD-truck charging product, depot-network operating model, and shared target customers (fleet operators and enterprise shippers).
- Forum Mobility: Forum Mobility builds and operates zero-emission drayage truck charging depots at major California ports, including the Port of Long Beach, offering managed charging and TaaS-style services to drayage carriers. It is a direct peer to WattEV in port drayage charging infrastructure, California footprint, and shared drayage operator customer base.
- Greenlane: Greenlane is a commercial EV charging network joint venture between NextEra Energy and BlackRock, focused on building high-power charging infrastructure for commercial fleets including heavy-duty trucks. It is a direct peer to WattEV given its shared HD-truck charging focus, depot-network business model, and enterprise fleet customer base.
- Voltera: Voltera develops, owns, and operates high-power EV charging infrastructure purpose-built for commercial fleets, including sites supporting medium- and heavy-duty vehicles. It is a direct peer to WattEV in its site-development and ownership model for commercial EV charging depots, with overlap in fleet-operator customers and depot-network economics.
Broad incumbents
- ChargePoint: ChargePoint operates one of the largest networked EV charging platforms globally, spanning Level 2 and DC fast charging hardware and software. It is a broad incumbent peer to WattEV in EV charging infrastructure category, though its portfolio is predominantly light-duty rather than heavy-duty truck applications.
- EVgo: EVgo is a U.S. public DC fast-charging network operator with stations along major corridors. It is a broad incumbent peer to WattEV in the DC fast charging category and depot-network operating model, though EVgo's portfolio primarily targets passenger vehicles rather than Class 8 trucks.
- Tesla: Tesla designs and manufactures the Tesla Semi Class 8 electric truck and operates the Supercharger and Megawatt Charging System (MCS) networks. It is simultaneously a direct strategic partner (WattEV's 370-unit Semi order, MCS-equipped depots) and a broad incumbent peer in the HD truck and high-power charging categories.
- Daimler Truck: Daimler Truck is one of the world's largest medium- and heavy-duty truck manufacturers, with an expanding electric portfolio including the Freightliner eCascadia and Mercedes-Benz eActros. It is a broad incumbent peer to WattEV given its push into electric Class 8 trucks and overlapping target market of commercial fleet operators and shippers.
- Volvo Trucks: Volvo Trucks is a global heavy-duty truck manufacturer with a growing electric Class 8 portfolio and Volvo Trucks Solutions offering depot charging for fleet customers. It is a broad incumbent peer to WattEV given parallel investment in electric trucks and depot-charging infrastructure for commercial fleets.
Emerging players
- Electra: Electra builds and operates high-power EV fast-charging hubs across Europe with a focus on ultra-fast charging for commercial and passenger EVs. It is an emerging player peer to WattEV in the commercial EV fast-charging depot model, though it primarily serves European markets rather than California freight corridors.
Market position
Strengths5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
WattEV social profiles
Digital presenceWattEV financial estimates
Financial estimateRevenue estimate
Valuation estimate
WattEV leadership team
Management profileNumber of profiles
Profiles8 records
WattEV subsidiaries and ownership
Company hierarchySubsidiaries1 record
WattEV funding detail
Funding detailFunding overview
Funding rounds7 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WattEV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WattEV
What does WattEV do?
WattEV operates a vertically integrated zero-emission freight platform that builds and operates high-power public charging depots for commercial trucks, leases Class 8 battery-electric trucks through its Truck-as-a-Service (TaaS) program, and provides zero-emission drayage and freight transport services for enterprise shippers and carriers. The company also develops and commercializes proprietary Solid-State Transformer (SST) hardware, solar-plus-storage microgrids, and AI-driven freight and charging optimization software that together enable megawatt-class truck charging and fleet electrification.
Is WattEV a public or private company?
WattEV is a private company. It is classified as venture growth investor backed and is currently operating.
When was WattEV founded?
WattEV was founded in 2020. It employs 11 to 50 people.
Where is WattEV based?
WattEV is headquartered in Long Beach, United States, in the North America region.
How does WattEV make money?
Four revenue lines are on record. Truck-as-a-Service (TaaS) is the primary driver. The others are charging-as-a-Service (CaaS), zero-Emission Freight Transport Services and solid-State Transformer (SST) Hardware Sales and Licensing.
Who are WattEV's main competitors?
Direct peers on record are TeraWatt Infrastructure, Forum Mobility, Greenlane and Voltera. Broad incumbents are ChargePoint, EVgo, Tesla, Daimler Truck and Volvo Trucks. Electra is listed as an emerging player.
Does WattEV have an API?
No public API is recorded for WattEV.
What industry is WattEV in?
WattEV's product category is Heavy-Duty Electric Trucking & Freight Services. Its primary akta.pro industry code is EUADALAH, Volt/VAR Optimization (VVO), CVR & Voltage Management with DER, with a secondary code of EUACAGAC, PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations). Its NAICS code is 2211 and its SIC code is 4911.