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Here's What EVs Are Doing to California's Energy Grid
David Shultz
David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.
If you’ve been outside lately in Southern California, you’ll know there’s an ongoing heatwave here. In something of an annual tradition, the electricity grid is under duress because of the heightened demand for power-hungry air conditioners.
In response, the California Independent Systems Operator, which oversees the state’s electric grid, has issued “flex alerts,” which are essentially pleas to residents to conserve power during peak usage (4 p.m. to 9 p.m.) by turning off appliances, air conditioning, setting thermostats to 78 degrees Fahrenheit, and refraining from charging electric vehicles.
This last item–don’t charge your EVs–has drawn some schadenfreude from some news outlets which point out that, just last week, the state announced plans to ban new gas car sales. How can California possibly hope to power a fleet of around 20 million electric vehicles in the future when it can hardly power around 1 million cars today?
Whether or not it’s being asked in good faith, it’s a valid question. So here’s an explainer about what exactly is going on with the grid and the role that EVs will likely play in the future.
The problem is that it’s too hot right now. As always, no one can claim that climate change caused this heatwave, but the overwhelming majority of scientists agree that human-caused climate change is making heatwaves like this one more common. The future will certainly have more such heat events than the present, especially if we don’t find a way to reduce or eliminate carbon emissions.
When it’s too hot, people use a lot more air conditioning. Air conditioning is especially energy-intensive. The result is that–all at once–there’s more demand for electricity. When demand outstrips supply, blackouts occur.
“People think of ‘the grid’ as this uniform system. But really, it's a bunch of electrical connections that have evolved over time,” says Cascade Tuholske, an assistant professor of Human-Environment Geography at Montana State University. “Some aspects of the grid are super antiquated. And you can't just pump more electricity into a system without upgrading it.”
You can imagine the electrical grid sort of like plumbing. Like water in pipes of different diameters, there’s a maximum amount of electronics that can flow through different grid architectures, so simply adding more energy into the system doesn’t necessarily solve the problem.
The California electric grid, in other words, has failed to keep pace with the increasing demand for air conditioning. Or, as California Gov. Newsom put it in a press conference yesterday, “All of us have been trying to outrun Mother Nature, but it’s pretty clear Mother Nature has outrun us.”
Even without the increased demand from electric vehicles, the grid needs upgrades. But EVs–even a whole state’s worth–don’t add as much demand to the grid as fossil fuel advocates might suggest. The main reason EVs aren’t likely to cripple the grid is that they don’t all charge at the same time and they don't usually charge when demand is high. Like with smartphones, most EV charging happens overnight, while the car sits in the garage, while people aren’t awake to use appliances, while demand for air conditioning is lowest.
Nationally, EV charging accounts for just .2% of energy grid consumption, by some estimates. Adding a nation of EVs will absolutely add demand for electricity to the grid–as much as 25% more, according to scientists–but this transition is going to happen slowly, over time. Even California, which has the most ambitious EV adoption policy, is allowing 13 years before banning gas-powered car sales. It will probably be 30 years or more before 90% of the cars on the road are electric. The demand for more power will ramp up slowly, just as it has historically as Americans bought refrigerators, air conditioners, computers, etc.
President Biden’s Inflation Reduction Act includes massive amounts of funding to address these exact issues, including $2.5 billion to “modernize and expand capacity of America’s power grid.”
Ironically, EVs actually may offer help to a stressed electrical grid if they’re used correctly. Cars with full batteries can be plugged in and used to supply energy to the grid – just as they did a month ago when Tesla pooled energy from its users’ vehicles to boost California’s supply. Of course this will drain your car’s battery, but you should be able to get paid for your troubles. A 50kWh battery like what’s found in an electric vehicle is more than enough to power the average house for a day.
“At least in theory, if they're integrated into the grid, you can draw the power off your EV battery during periods of excess demand,” says Tuholske.
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David Shultz
David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.
PledgeLA’s Next Chapter Starts Now with Noramay Cadena
10:28 AM | March 14, 2025
🔦 Spotlight
Happy Friday, Los Angeles! As we wrap up another busy week in LA’s tech scene, there’s big news on the leadership front. PledgeLA has a new chair, and it’s someone who knows what it takes to break barriers and build lasting impact. Noramay Cadena, a San Fernando High grad turned triple-degree MIT engineer, has spent her career defying expectations. She started in aerospace engineering, leading operations before pivoting to venture capital, where she’s invested in 90+ companies across industries. She co-founded Latinas in STEM in 2013 and later launched MiLA Capital, a seed-stage VC firm investing in hardware and manufacturing innovations. As Managing Partner of Supply Change Capital, she has focused on technology transforming the food system, raising a $40M fund and deploying over $20M into 23 companies, including eight in California. Stepping into her new role as chair of PledgeLA, she’s setting her sights on an even bigger challenge: making LA’s tech and VC ecosystem more inclusive, accessible, and globally competitive.
Noramay Cadena (left, with her son) incoming chair of PledgeLA, receives a Catalyst Award for Emerging Manager in December. (With Qiana Patterson, PledgeLA Chair 2020-22 and Managing Partner of NAYAH)
She follows in the footsteps of Anna Barber of M13, whose leadership transformed PledgeLA into a driving force for change, launching the VC Fellowship to elevate diverse investors and spearheading the GP + LP Connections Series, which facilitated over 80 investor meetings last year. She also played a key role in the Venture Capital Data Report with UCLA Luskin and introduced the PledgeLA Catalyst Awards, honoring leaders driving capital access and innovation.
Now as Chair Emerita, Barber will continue supporting PledgeLA as it enters its next phase under Cadena’s leadership.
Cadena recognizes the strength of the foundation she’s inheriting. “Anna has been instrumental in making PledgeLA a force for inclusion in LA tech and venture. I’m honored to build on that work as we take the next big leap forward,” she said. “We’re at a critical moment for LA tech. We’ve built momentum, but now is the time to turn that into real, lasting change. I’m focused on forging new partnerships, increasing capital access, and ensuring that LA’s innovation economy works for everyone—not just the few.”
Her first priorities? Expanding PledgeLA’s VC Fellowship to create more pathways into venture, strengthening connections between emerging fund managers and investors, and doubling down on community-driven initiatives. Earlier this year, PledgeLA members, including Wonder Ventures, raised $1.1M for wildfire relief efforts—a testament to the power of LA’s tech community when it mobilizes.
With Cadena at the helm, PledgeLA isn’t just continuing its mission—it’s accelerating it. Thanks to Barber’s legacy and Cadena’s vision, the future of LA tech is poised for even greater impact. For more details on the transition and what’s ahead, read the official announcement here.
And speaking of momentum, if you’re heading out this weekend, be sure to check for road closures—the LA Marathon is set to take over the streets this Sunday! Whether you’re running, cheering, or just navigating around town, it’s another reminder that LA is always on the move.
Image Source: The McCourt Foundation
🤝 Venture Deals
LA Companies
- Scrunch AI, a Los Angeles-based platform that helps businesses optimize their presence in AI-driven search results, has raised a $4M Seed funding round led by Mayfield. The company plans to use the funds to accelerate product development and expand its market reach, aiming to ensure brands remain visible and competitive as AI search becomes more prevalent. - learn more
- Wolf Games, a Los Angeles-based generative gaming startup, has secured $4M in seed funding. The investment round includes prominent figures such as television producer Dick Wolf, music industry pioneer Jimmy Iovine, and Paul Wachter, Founder and CEO of Main Street Advisors. Wolf Games specializes in creating generative cinematic games that adapt to individual player choices, offering immersive and personalized storytelling experiences. The company plans to use the funds to develop its inaugural game, "Public Eye," set to launch in Summer 2025. "Public Eye" is a crime procedural game where players assist in solving murder investigations, guided by an AI-powered assistant that tailors the experience to each user's play style. - learn more
- Fixated, a digital entertainment platform, has secured $12.8M in funding, led by Eldridge Industries. Fixated specializes in transforming creator representation and monetization, providing infrastructure, strategy, and expertise to help digital creators scale their content and diversify revenue streams. The investment will be used to expand Fixated's influence across talent management, content creation, gaming, and digital entertainment, aiming to empower creators and set higher industry standards. - learn more
- Liminal, a user-generated content (UGC) gaming startup, has secured $5.8M in seed funding. The investment round included BITKRAFT Ventures, Riot Games, and OTK Media Group, with participation from angel investors including Marc Merrill, co-founder of Riot Games. Liminal is developing a platform that enables players to create immersive role-playing game (RPG) adventures without coding knowledge, aiming to make storytelling through gaming more accessible and engaging. The funds will be used to advance the development of this platform, with plans to launch publicly playable content in the coming year. - learn more
- FCTRY LAb, an independent footwear prototyping lab and emerging brand, raised $8M in an oversubscribed Series A round, bringing its total funding to over $15M. The round was co-led by Level One Fund and Fog City Capital, with participation from Elysian Park Ventures, Slauson & Co., and Time Zero Capital. The funds will be used to expand operations, accelerate product innovation, and scale its creator-focused business model. - learn more
- Pragma, a Los Angeles-based backend game engine developer, has secured $12.75M in strategic funding, bringing its total raised to over $50M. The investment round included participation from Square Enix, Upfront Ventures, Greylock Partners, and Insight Partners. Pragma specializes in providing scalable backend solutions for live-service games, powering features like matchmaking, analytics, and monetization. The new funds will be used to enhance their suite of live-service tools, support strategic acquisitions, and strengthen partnerships within the gaming industry. - learn more
- Tetrous, a Sherman Oaks-based biotech company focused on bone-to-tendon healing, raised $6.5M in an oversubscribed Series A round. The funds will be used to expand market reach, generate clinical data, and broaden surgical applications of its technology. - learn more
- Uthana, a generative AI company specializing in 3D character animation, has raised a $4.3M funding round led by IA Ventures. The company plans to use the funds to expand operations and development efforts, aiming to revolutionize the animation and game development industry by enabling real-time, lifelike animations that adapt dynamically to gameplay, thereby enhancing immersion and realism. - learn more
- LiquidTrust, a Los Angeles-based fintech company, has raised a $4M Seed funding round led by Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures. The company specializes in secure payment solutions for small and medium-sized businesses (SMBs) and has introduced Micro Escrow Pay, an instant escrow payment solution designed to embed trust directly into payment flows. The funds will be used to expand operations and development efforts, aiming to protect SMBs from fraud and nonpayment risks. - learn more
LA Venture Funds
- B Capital participated in a $4.5M funding round for Bizongo, a Mumbai-based B2B e-commerce platform focused on raw material procurement and distribution, bringing the company's valuation to $980M. The funds will be used to scale operations threefold by December, expand product categories, and position Bizongo for profitability by the last quarter of FY26. - learn more
- UP.Partners led a $4M Seed funding round for SaySo, a New York City-based retail technology company that provides an interactive shopping platform designed to turn excess inventory into profit-driven opportunities. SaySo plans to use the funds to expand its partnerships and bring its interactive clearance platform to a broader retail audience. - learn more
- March Capital participated in a $200M Seed funding round for Lila Sciences, a company developing an AI platform combined with autonomous laboratories to accelerate scientific discovery across life, chemical, and materials sciences. The funds will be used to further develop Lila's AI platform, build the first AI-driven science factories, and scale operations to enhance scientific research capabilities. - learn more
- Animal Capital led a $1.6M pre-seed funding round for Platter, a New York-based ecommerce technology startup. Platter specializes in helping Shopify brands create high-converting storefronts that maximize profit. The funds will be used to further consolidate disparate tools into a unified product suite, empowering Shopify brands to build more profitable storefronts. - learn more
LA Exits
- Tastemade, a media company known for its food, travel, and home design content, has been acquired by food delivery startup Wonder for $90M. The acquisition aims to integrate Tastemade’s content with Wonder’s services, including takeout, delivery, and meal kits, to create a comprehensive "mealtime super app." The deal is also expected to enhance Wonder’s advertising business and offer seamless access to meals featured on Tastemade’s platforms. - learn more
- Jumpcut Media, a provider of AI-driven intellectual property management and audience analysis tools, has been acquired by Cinelytic, an AI-powered content intelligence platform. Jumpcut's platforms, such as ScriptSense and SocialSense, offer real-time insights into content development and market alignment, enhancing decision-making across the content lifecycle. This acquisition aims to integrate Jumpcut's capabilities into Cinelytic's services, optimizing decision-making in the entertainment industry. - learn more
- FatTail, a Calabasas, California-based advertising technology company specializing in direct advertising solutions, has been acquired by Chartbeat, a media operations software platform backed by Cuadrilla Capital. This acquisition aims to integrate FatTail's advertising revenue management capabilities with Chartbeat's content analytics services, providing media companies with a unified platform to enhance both audience engagement and revenue generation. - learn more
- Deep 6 AI, an AI-driven precision research platform specializing in accelerating patient recruitment for clinical trials, has been acquired by Tempus, a leader in AI-powered precision medicine. Deep 6 AI's platform analyzes both structured and unstructured electronic medical record (EMR) data to match patients with clinical trials, serving over 750 provider sites and encompassing more than 30 million patients. This acquisition aims to enhance Tempus' capabilities in clinical trial matching and real-world evidence generation, furthering its mission to advance precision medicine and patient care. - learn more
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$100M in Wheels and Wings: Startups Changing How We Move
10:12 AM | March 21, 2025
🔦 Spotlight
Happy Friday, LA —
LA’s mobility scene is shifting gears — fast.
We’ve got movement on the ground and in the skies this week.
Image Source: Upway
Let’s start on two wheels. Sequoia-backed startup Upway just launched its new 30,000 square-foot flagship facility in Redondo Beach, and it’s not your average bike shop. The UpCenter, as they’re calling it, is the largest e-bike refurbishment center in California — and it’s a big bet on LA becoming a leader in urban micromobility.
If you haven’t heard of Upway yet, you will soon. The company refurbishes e-bikes at scale, with $70 million in funding and operations in both the U.S. and Europe. Their mission? Make high-quality e-bikes more affordable and accessible, especially in cities where traffic is, well… legendary.
With California’s new e-bike rebate in effect and Angelenos increasingly looking for car-free ways to move around town, Upway’s timing couldn’t be better. Whether you’re commuting, cruising the Strand, or just sick of spending half your life on the 405, a refurbished ride might be the smoothest move you make all year.
Now — from bikes to drones.
Image Source: Neros
Neros, a young LA-based startup focused on American-made autonomous drones, just announced a $35 million Series A to ramp up manufacturing. In a market long dominated by overseas players, Neros is building drone tech domestically — and it’s not just for hobbyists. Their AI-powered drones are designed to be rugged, adaptable, and mission-ready, with applications across defense, public safety, and infrastructure.
The round was led by Vy Capital, with participation from Interlagos Capital, D3, Sequoia, and Keller Rinaudo Cliffton, the CEO of Zipline. Neros’ co-founder and CEO, Soren Monroe-Anderson, summed it up well: this is about “freedom through autonomy.”
Now, on to this week’s LA venture deals, fund announcements, and acquisitions…
🤝 Venture Deals
LA Companies
- BuildOps, a Los Angeles-based provider of a unified cloud-based platform for commercial contractors, has raised a $127M Series C funding round led by Meritech Capital Partners, with participation from B Capital, Fika Ventures and others. This investment elevates BuildOps to unicorn status with a valuation of $1 billion. The company plans to use the funds to enhance product capabilities, improve customer support, and scale operations to meet the growing demand from commercial contractors nationwide. - learn more
- Proteus Space, a Los Angeles-based company specializing in rapid custom satellite bus solutions, has raised an oversubscribed $6.1M Seed-2 funding round, led by Lavrock Ventures with participation from Crosscut Ventures and others. The funds will be used to accelerate the development and deployment of MERCURY™, Proteus’ automated computational engineering system, which aims to revolutionize custom satellite bus design by significantly reducing development time and costs. - learn more
- Occuspace, a Westlake Village, California-based company specializing in occupancy intelligence technology, has secured a $6M Series A funding round led by Lewis & Clark Ventures. The company plans to use the funds to accelerate its growth across higher education, corporate, and government facilities, aiming to make space utilization data the source of truth for understanding and managing the built environment. - learn more
- Qolab, a company specializing in quantum computing hardware, has secured Series A funding from Applied Ventures, the venture capital arm of Applied Materials. The investment will be used to advance the development and scalable manufacturing of superconducting qubits, a critical component for large-scale quantum computing. As part of the collaboration, Qolab and Applied Materials have also co-authored a technical roadmap outlining strategies to scale quantum computing from hundreds to millions of qubits. - learn more
LA Venture Funds
- Wasserman participated in a $56M funding round for Carbon Arc, a New York City-based AI data utility company. Carbon Arc specializes in transforming raw data from various industries into structured, standardized intelligence suitable for AI models and business applications. The funds will be used to accelerate the growth of Carbon Arc's Insights Exchange platform, enhancing its data utility services for businesses and the AI community. - learn more
- Trousdale Ventures participated in a $24M funding round for Coreshell, a San Leandro, California-based battery technology company. Coreshell specializes in developing low-cost, high-performance silicon anodes for lithium-ion batteries, aiming to enhance energy density and reduce costs. The funds will be used to scale production at their 4 MWh manufacturing facility and to plan a new 100 MWh facility, with the goal of delivering next-generation electric vehicle batteries to global automakers this year. - learn more
- Talino Venture Studios has participated in a $2.8M seed funding round for Higala, a Philippine-based instant payment system startup. Higala aims to enhance financial inclusion by connecting rural banks, thrift banks, commercial banks, and electronic money issuers through an open payments infrastructure, thereby lowering the cost of real-time payments and reducing entry barriers. The funds will be used to expand Higala's services, including the launch of platform banking in the second quarter, enabling smaller financial institutions to offer digital payment services. - learn more
- Alexandria Venture Investments participated in a $150M Series B funding round for Latigo Biotherapeutics, a Thousand Oaks, California-based clinical-stage biotechnology company developing non-opioid pain treatments. The funds will support the advancement of Latigo's selective Nav1.8 inhibitors, currently in clinical development, and the expansion of its broader therapeutic pipeline. - learn more
- Thiel Capital led a $3.25M funding round for Pilgrim, a biotech startup focused on enhancing human performance and defending against biological threats. The funds will be used to advance its Voyager platform, which is developing cutting-edge biotechnology with potential applications ranging from creating ‘supersoldiers’ to mitigating emerging biothreats. - learn more
- Alt-Capital and WndrCo participated in an $18M seed funding round for Town, a startup specializing in small business tax solutions. Town offers an AI-powered platform that automates tasks such as document processing and data collection, providing each client with a dedicated tax advisor. The funds will be used to scale Town's services across the U.S. and expand their team. - learn more
LA Exits
- Dieta Health, a Los Angeles-based company known for its AI-powered stool imaging technology, has been acquired by Cylinder. Dieta’s clinically validated app, shown to outperform traditional patient-reported outcomes, will be integrated into Cylinder’s platform to improve digestive health diagnostics and enable earlier, more personalized treatment. As part of the deal, Dieta’s founder and key team members will join Cylinder to support ongoing development and clinical research. - learn more
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