Global smart energy business SolarEdge Technologies has completed its acquisition of Wevo Energy.

The Wevo platform is already electrifying tens of thousands of parking spaces globally

Wevo, a startup firm in EV charging optimisation and management software, will become a wholly owned subsidiary of SolarEdge and continue to work independently to electrify every parking space by utilising its hardware-agnostic, standards-based EV charging platform.

The Wevo solution will also be integrated into the SolarEdge offering, providing SolarEdge customers with an integrated solution for on-site solar generation, battery storage, and EV charging.

Teddy Flatau, CEO of Wevo Energy, said: “Wevo’s mission has always been to make EV charging accessible by electrifying every parking space. By joining forces with SolarEdge, we are creating a powerful combined solution. Together, we will offer a seamless experience for EV drivers, optimizing charging with clean, solar-powered energy and maximizing cost savings. This is a significant step forward to achieving a net zero future.”

The Wevo platform is already electrifying tens of thousands of parking spaces across over 900 sites in North America, Europe and the Middle East.

The platform manages EV charging using AI-based algorithms to increase charging capacity and overcome infrastructure constraints.

It’s an ideal approach for large-scale EV charging installations in apartment buildings, workplaces, parking areas, and other ‘high-density’ charging scenarios that suffer from power constraints, lack grid infrastructure, and have diverse billing needs.