BluWave-ai is focused on driving the proliferation of renewable energy and electric transportation worldwide. Our solutions apply artificial intelligence (AI) cloud software to optimize the cost, carbon footprint and reliability of different energy sources, both renewable and non-renewable, in real-time. This lets our customers – utilities, fleet operators and electricity system operators to improve their energy-related decision making in planning and in live systems to decrease costs and carbon footprint. Every day our employees come to BluWave-ai with the mission to decarbonize the planet by using hardware assets more efficiently with AI software while we build the world's premier renewable energy and transport electrification AI company based in Canada. In 2017 we started BluWave-ai to bring state-of-the-art techniques from supercomputing, artificial Intelligence, and edge computing to the world of distributed renewable energy. With distributed resources, clean energy can be produced anywhere by anyone, moving the world away from centralized carbon-based emitting sources. But real-time computing is needed to predict production and optimize how to use these resources. Electrical output from renewable energy sources like wind and solar fluctuates and is inherently difficult for utilities to manage. This results in renewables generation often being under-utilized, with operators relying on fossil fuels as a fallback. Our grid energy optimization platform balances the cost, availability, and carbon footprint of different energy sources - renewable and non-renewable - with energy demand in real-time. We are improving the use of wind and solar energy by 10-20 percent. We work with electricity utilities, enterprises, electric fleet operators, large campuses, government operations, net zero communities, and remote/off-grid clients around the globe to make their hardware investments smarter with our AI-enabled SaaS software.
Location: Canada, Ontario, Ottawa
Employees: 11-50
Total raised: $18.03M
Founded date: 2017
Investors 5
| Date | Name | Website |
| - | Free Elect... | freeelectr... |
| - | Canadian T... | ctaconnect... |
| - | Cycle Mome... | cyclemomen... |
| - | Capital An... | capitalang... |
| - | Fonds Ecof... | fondsecofu... |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 19.02.2023 | Series A | $9.5M | - |
| 17.11.2022 | Grant | $1.7M | - |
| 19.03.2020 | Seed | $3.9M | - |
| 22.08.2019 | Seed | $2.93M | - |
Mentions in press and media 10
| Date | Title | Description |
| 19.02.2023 | BluWave-ai Secures $9.5 Million Series A Round Including a Strategic Investment From PowerON Energy Solutions | Investment to Expand EV Fleet and EV Everywhere Business Units BluWave-ai announces that it has completed a $9.5M Series A financing round on Dec. 15, 2022. PowerON Energy Solutions, a subsidiary of Ontario Power Generation, has made a stra... |
| 15.02.2023 | BluWave-ai Secures $9.5M in Series A Funding | BluWave-ai, an Ottawa, Canada-based renewable energy and electric transportation company, raised $9.5M in Series A funding. The round was led by PowerON Energy Solutions, with participation from Capital Angels Network. The company intends t... |
| 14.02.2023 | BluWave-ai Secures $9.5M Series A Round Including a Strategic Investment From PowerON Energy Solutions | - |
| 07.02.2023 | FedDev Ontario Invests $4.4M in Cleantech Projects | The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) recently announced an investment of $4.4 million to support two Ottawa-based technology companies, BluWave-ai and Tehama. These investments additionally leverage ... |
| 21.11.2022 | BluWave-ai Launches EV Fleet Orchestrator SaaS Product to Holistically Optimize Fleet Operations and Electricity Utilization | BluWave-ai announced that version 2.0 of the BluWave-ai EV Fleet Orchestrator launched with the support of $1.7M co-funding from FedDev Ontario. Available now, this software-as-a-service (SaaS) product supports vehicle fleet operators as th... |
| 23.03.2020 | Cleantech startup BluWave-ai closes $3.9 million in seed funding | BluWave-ai, an Ottawa-based energy startup that uses artificial intelligence (AI) to improve operations for energy grids and renewable energy sources like wind and solar farms, has secured $3.9 million CAD in seed financing. “With their dat... |
| 19.03.2020 | BluWave-ai Closes $3.9M Seed Funding | BluWave-ai, an Ottawa, Canada-based cleantech startup, raised $3.9M in seed financing. Sustainable Development Technology Canada (SDTC) made the largest contribution with $2.43M of non-dilutive financing, confirmed in Q3 of 2019 while a con... |
| 23.08.2019 | Ecopia Tech, Routific, GHGSat among cleantech startups receiving SDTC funding | This week, Navdeep Bains, minister of innovation, science, and economic development, highlighted how 18 Canadian companies are using funding from Sustainable Development Technology Canada (SDTC) for cleantech initiatives. During SDTC’s annu... |
| 23.10.2018 | Ecofuel unveils its 8th cohort | Montreal, October 23rd, 2018 – Ecofuel, a venture capital fund and specialized and personalized accelerator in the cleantech sector, announces the six companies of the Ecofuel Accelerator Fall 2018 Cohort. Selected amongst 33 applicants, th... |
| - | BluWave-ai | “Artificial Intelligence for Clean Energy. BluWave-ai's distributed, AI-enabled platform optimizes multiple renewable and non-renewable energy sources in real-time to minimize cost and maximize availability and reliability.” |