What Wevo Energy does

Wevo Energy was an Israel-based software company founded in 2021 that developed an EV charging management platform designed to coordinate electric vehicle charging with on-site solar generation, building electrical loads, and real-time electricity pricing. Its core technology centered on EV-specific smart load balancing that dynamically allocates available power across multiple chargers to maximize energy utilization, avoid expensive infrastructure upgrades, and flatten peak demand. The platform supported more than 100 OCPP-compliant third-party chargers alongside native integration with SolarEdge hardware, and offered a real-time monitoring dashboard covering the full electrical hierarchy from main connection to individual panels and chargers, plus multi-mode authentication (RFID, mobile app, QR, Plug & Charge) with subscription and invoice management for site owners.

The company targeted four primary use cases: multi-dwelling unit (MDU) residential complexes, workplace and office buildings, commercial fleet depots, and public charging destinations. Its primary segments were MDUs, workplaces, and fleet operators, with public charging as a secondary segment. Pricing was quote-based and not publicly disclosed. The go-to-market was horizontal — selling software that abstracted away the underlying charger hardware and integrated with broader energy management workflows.

In April 2024, SolarEdge Technologies acquired Wevo Energy and rebranded the technology as SolarEdge ONE for EV, integrating it into the parent company's solar and storage product ecosystem. The product is now distributed through SolarEdge's global installer, distributor, and enterprise sales channels, and benefits from the parent's broader commercial and geographic reach across the $1.6 billion (2023) global EV charging management software market projected to reach $18.2 billion by 2033 at a 27.5% CAGR.

Name

Wevo Energy

Website

https://wevo.energy

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

11–50 employees

Short description

Wevo Energy is an Israel-based EV charging management software company that optimizes multi-charger sites through smart load balancing and solar/tariff-aware scheduling, serving MDUs, workplaces, and fleet operators. Acquired by SolarEdge in April 2024, its technology now powers SolarEdge ONE for EV.

Ownership category

akta.pro rank

Product category

EV Charging Management Software

NAICS

Battery Manufacturing (33591), Solar Electric Power Generation (221114)

akta.pro primary industry

Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)

akta.pro secondary industries

EV Fleet Charging & V2G Energy Management Platforms (EUAFAKAJ), EV Managed Charging as Demand Response (Residential, Fleet, Workplace) (EUAFAGAL), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), Interoperability, Protocols & Standards (OCPP, ISO 15118, OCPI, OpenADR) (EUAFAMAH)

Keywords

• EV charging software
• Smart load balancing
• Solar-aware charging
• Charging management platform
• OCPP charger integration

Headquarters

HQ city

`ein Vared

HQ country

Israel

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Distribution channels1 record

Marketing channels1 record

Core offering

Wevo Energy developed a cloud-based EV charging management software platform that uses proprietary smart load balancing algorithms to dynamically allocate available power across multiple chargers based on real-time demand and supply. The platform integrates with SolarEdge's solar and storage ecosystem, supports over 100 OCPP-compliant third-party AC and DC chargers, and provides solar and tariff-aware charging optimization, real-time monitoring dashboards, and multi-mode authentication and payment processing for fleet operators, workplaces, multi-dwelling units, and public charging destinations.

Product overview

Wevo Energy was an independent EV charging management software company that developed a smart, scalable EV charging solution. In April 2024, Wevo Energy was acquired by SolarEdge. The core technology has been rebranded as SolarEdge ONE for EV, which provides complete control over charging infrastructure, combining PV production, building energy flow, and EV charging into one integrated platform. The solution supports multiple use cases including MDUs (Multi Dwelling Units), workplaces, fleets, and public charging, with features such as real-time monitoring, optimized solar-aware charging, payment processing, and driver authentication via RFID, mobile app, QR code, or Plug & Charge.

Differentiator

Problem solved

Functional benefit

Products and services

• Wevo Energy EV Charging Management Platform (SolarEdge ONE for EV) An end-to-end EV charging management software platform that uses EV-specific smart load balancing algorithms to maximize charging efficiency, integrates solar and storage production, supports over 100 OCPP-compliant third-party chargers, and provides real-time monitoring, multi-mode authentication, and payment processing for fleet operators, workplaces, multi-dwelling units, and public charging destinations.

Quantifiable outcome

• Avoid expensive electrical infrastructure upgrades through intelligent load balancing and peak demand management
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature5 records

Partnerships

One partnership is on record.

• SolarEdgecoreStrategic or Co-development Partner · 1 April 2024SolarEdge acquired Wevo Energy in April 2024, integrating Wevo's EV charging management software technology into the SolarEdge ecosystem. The acquisition enables SolarEdge to offer comprehensive EV charging solutions as part of its solar and storage portfolio. Wevo Energy's technology now forms the foundation of SolarEdge ONE for EV product line, combining PV production, building energy flow, and EV charging into a unified smart, scalable solution.

Scale indicators1 record

Recent moves4 records

Expansion highlights5 records

Direct peers

• Wallbox: Wallbox offers EV charging hardware (Pulsar, Commander) along with the myWallbox software platform for managing residential, workplace, and fleet charging. Their managed charging software with load balancing is a direct comparison to Wevo's capabilities.
• EVBox: EVBox provides EV charging hardware and management software (Everon) for workplaces, fleets, and public charging across Europe and North America. Their CPMS feature set including load balancing, OCPP integration, and authentication matches Wevo's offering closely.
• Driivz: Driivz is an Israeli EV charging management software provider serving utilities, fleets, and charge point operators globally. As a fellow Israeli company in the same EV charging software category, Driivz is a particularly close direct peer with overlapping use cases.
• ChargePoint: ChargePoint is a leading EV charging network operator and software provider offering charge point management, monitoring, billing, and load management across commercial, fleet, and residential use cases — directly comparable to Wevo's SolarEdge ONE for EV platform across all four target segments.
• Monta: Monta provides an EV charging management platform targeting residential, workplace, and fleet operators with smart charging, OCPP integration, and payment features. The company is a direct software competitor to Wevo/SolarEdge ONE for EV across the same use cases.

Broad incumbents

• Enel X Way: Enel X Way (part of Enel Group) provides EV charging infrastructure and software management platforms for public, workplace, and fleet charging globally. Their JuiceBox/managed services portfolio competes with Wevo's offerings across multiple use cases.
• Schneider Electric: Schneider Electric offers EVlink charging infrastructure and EcoStruxure energy management platforms for commercial buildings and fleets. Their broad building energy management portfolio overlaps with Wevo's solar+storage+EV integrated value proposition for commercial customers.
• ABB E-mobility: ABB E-mobility provides EV charging hardware and management software as part of a broad industrial and electrification portfolio. Their enterprise-grade CPMS offerings overlap with Wevo's commercial and fleet use cases, though from a much larger incumbent position.
• Siemens: Siemens provides VersiCharge EV charging hardware along with grid integration and energy management capabilities through its broader Smart Infrastructure portfolio. Comparable to Wevo in serving commercial and fleet customers requiring sophisticated energy integration.

Emerging players

• Ampcontrol: Ampcontrol is an EV charging management software company focused on fleet operators, offering intelligent load management, real-time monitoring, and energy optimization. They overlap with Wevo's fleet depot and managed charging use cases with a more specialized focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wevo Energy