Solv4x

Solv4x is a technology company specializing in AI-powered software for the electric vehicle (EV) sector, founded in 2020 by CEO Rekha Sharma. The company is headquartered in the Toronto, Canada area. The idea for the firm originated from Sharma's realization, while working for the California ISO (CAISO), that a full transition to EVs would drastically increase electricity demand, necessitating intelligent grid and charging solutions. Sharma has over a decade of experience in the energy sector with companies like Siemens and ABB.

The core of Solv4x's offering is its B2B AI platform, Optify, a Software as a Service (SaaS) solution designed to automate and simplify EV fleet charging. Optify addresses fleet operators and utilities by predicting dynamic energy prices, identifying the most cost-effective and greenest times to charge, and thus optimizing energy costs and usage. This helps to lower the total cost of ownership for fleet operators, reduce emissions, and mitigate the strain on the power grid. The business model is centered on providing this software to its clients, which include fleet operators and utility companies.

Solv4x participated in the Earth Tech 2023 accelerator cohort, which supports the commercialization of early-stage cleantech companies. The company's primary market focus is the United States, which has over 200,000 fleets. Investors include i.d.e.a. Fund, Forum Ventures, and University of Toronto Entrepreneurship.

Keywords: fleet electrification, EV charging optimization, AI platform, SaaS, energy management software, cleantech, B2B software, electric vehicle fleet, charging management, grid stability, dynamic energy pricing, Optify, cost optimization, emissions reduction, smart charging, EV infrastructure