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Optiwatt
Connects home electricity rate data with EV battery metrics to show the cost of every charge
About Optiwatt
Optiwatt is a telematics and software company that provides a free app for electric vehicle owners to reduce their energy costs.
The platform connects to electric vehicles and smart thermostats to optimize energy consumption. By analyzing utility rates, it automatically schedules charging and HVAC usage for the cheapest and cleanest times, typically during off-peak hours. This process helps users lower their electricity bills and reduce their carbon footprint.
The company supports a wide range of electric vehicle brands, including Tesla, Ford, BMW, and Chevrolet. The business model appears to be based on partnerships with utility companies. Optiwatt helps these utilities manage electricity demand on the grid, and in return, can offer rebates and savings to its users. The service is free for individual consumers, suggesting a B2B2C revenue stream where utility partners compensate Optiwatt for its grid-balancing services.
Source: Dealroom company dataAt a glance
- Founded
- 2020
- Headquarters
- Walnut Creek, United States
- Sector
- Energy
Knowledge graph
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Active Impact Investments
Urban Innovation Fund
Thin Line Capital
Series A3 investors entered at this stage
Navitas Capital
Skyview Ventures
GV
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Optiwatt on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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