SolarEdge completes acquisition of Wevo Energy Ltd. to enhance EV charging optimization and management
Acquiring Company
SolarEdge Technologies
Acquired Company
Wevo Energy Ltd
IsraelEin VeredEnergyRenewable EnergySolarEnergySoftwareDescription
SolarEdge Technologies, Inc. has successfully acquired Wevo Energy Ltd., a software startup specializing in EV charging optimization and management. This strategic acquisition enhances SolarEdge's software portfolio for the Commercial and Industrial (C&I) segment and enables the development of a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings.
Quick answer
SolarEdge Technologies is acquiring Wevo Energy Ltd, announced April 4, 2024. SolarEdge Technologies is based in Israel.
- How much did SolarEdge Technologies pay for Wevo Energy Ltd?
- The deal value was not disclosed.
- What does SolarEdge Technologies do?
- SolarEdge is a global leader in smart energy technology.
- Where are SolarEdge Technologies and Wevo Energy Ltd based?
- SolarEdge Technologies is based in Israel. Wevo Energy Ltd is based in Ein Vered, Sharon, Israel.
- Who are the decision-makers at SolarEdge Technologies?
- Fundz holds 1 contact at SolarEdge Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Wevo Energy Ltd?
Wevo Energy Ltd was acquired by SolarEdge Technologies, based in Israel. The deal was reported on April 4, 2024. SolarEdge is a global leader in smart energy technology. SolarEdge Technologies is publicly traded (SEDG) and operates in Energy.
When did SolarEdge Technologies acquire Wevo Energy Ltd?
SolarEdge Technologies's acquisition of Wevo Energy Ltd was reported on April 4, 2024. SolarEdge Technologies, Inc. has successfully acquired Wevo Energy Ltd., a software startup specializing in EV charging optimization and management. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Wevo Energy Ltd do?
Wevo Energy is a global software supplier to CPOs and EV service providers, delivering an industry leading software platform to optimize EV charging. It is privately held, operating in Energy, and is based in Ein Vered.
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