How Volteras Plans to Transform EVs into Grid-Stabilizing Powerhouses
For years, concerns have swirled about electric vehicles potentially overwhelming power grids. But London-based startup Volteras sees a different future - one where EVs become vital assets for grid stability through vehicle-to-grid (V2G) technology.
The Untapped Potential of EV Batteries
“In the future, the electric vehicle will be the center of the entire energy grid,” says Peter Wilson, Volteras CEO and co-founder. The numbers support this vision:
- The U.S. installed 37.1 gigawatt-hours of grid-scale storage in 2024
- Existing EVs could increase this capacity nearly 10x if fully connected
Breaking Down the Barriers to V2G Adoption
While the potential is enormous, challenges remain:
- Many current EVs lack V2G capabilities (though this is changing)
- Bidirectional chargers remain cost-prohibitive for many consumers
- Infrastructure and software integration needs improvement
Volteras recently secured $11.1 million in Series A funding led by Union Square Ventures to address these challenges through innovative software solutions.
How Volteras’ Technology Works
The company is creating a universal platform that:
- Connects to automakers’ APIs (currently working with 30+ brands including Ford, BMW, and Tesla)
- Enables utilities to access EV batteries as distributed energy resources
- Provides additional connected-car features like remote unlocking and telematics
“We’re going to cover like 90% of the automotive market worldwide by the end of the year,” Wilson claims.
The Business Model Behind the Tech
Volteras operates on a B2B model that benefits multiple stakeholders:
- Utilities: Access aggregated EV batteries as virtual power plants
- Automakers: Receive revenue share from connected services
- Other Businesses: Fleet managers, insurers, and routing apps can leverage EV data
The company charges a monthly fee per connected vehicle, creating multiple revenue streams while advancing grid stability.
The Competitive Landscape
While compe*****s like Texture and EV.energy offer similar solutions, Volteras differentiates itself through:
- Extensive automaker partnerships
- Comprehensive vehicle data access
- Multi-industry application potential
Wilson emphasizes: “This hidden data layer will be the crux of how companies offer services, give discounts, and make EV ownership more affordable.”
The Future of Connected EVs
As automakers continue developing connected services (despite mixed results like GM’s ambitious subscription goals), Volteras positions itself at the center of this evolving ecosystem - starting with the most valuable EV component: the battery.
With its recent funding and growing industry partnerships, Volteras appears poised to play a pivotal role in transforming how EVs interact with our energy infrastructure.
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