About Tether
Turning parked EVs into the world's largest battery.
Categories: Artificial Intelligence; Engineering & Development; Sustainability
Description: We're moving towards more renewable energy! But the problem is the sun doesn't always shine and the wind doesn't always blow, causing imbalances between electricity generation and consumption on the power grid. This is a €50Bn problem for grid operators, and if it gets bad enough, it can lead to a collapse of the power network... Enter Tether! Tether is a Barcelona based startup that turns parked electric vehicles into the world's largest battery. In short, Tether is building advanced AI models that learn the behavior of millions of private EV users to coordinate their charging patterns, turning these cars into a critical - and clean - power reserve for the electric power grid. Tether is partnering directly with EV manufacturers via a revenue share / SaaS model, allowing the company to quickly scale the number of EVs connected to its platform and earn revenue on the European & US balancing markets.
Links:
- Follow on LinkedIn: Tether
- Connect on LinkedIn:
Team size: 6-20
Business Model: B2B; Other
Founding Year: 2022
Funding Type: Pre-seed
