Product Leverages USPTO Filed and Granted Patents, Supported by $1.7M Co-Investment from FedDev Ontario
Nov 17, 2022
OTTAWA, Ontario, November 17, 2022 (Newswire.com)
BluWave-ai announced that version 2.0 of the BluWave-ai EV Fleet Orchestrator™ launched today 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 they electrify their operations. These operators include municipal mass transit, last-mile delivery, airport ground support, corporate vehicle fleets and for revenue electric vehicle (EV) fleet operations such as taxis.
Built on BluWave-ai’s established AI energy optimization platform and leveraging its technology IP portfolio, the EV Fleet Orchestrator™ reduces the overall cost of operations and carbon footprint for fleet operations with mixed battery electric and fossil-fueled vehicles running out of buildings, depots or regional networks of depot/hubs. The product manages the live operation of EV transport systems, including operating vehicles and managing buildings/depots’ electricity utilization, including real-time market price management and peak shaving targets.
The product also provides simulation of fleet operations to assist in planning and right-sizing capital assets such as number/types of chargers, numbers of EVs and depot energy storage and local renewable generation.
To effectively manage the operation and charging of EV fleets in real time is a highly complex task, requiring the intelligent coordination of separate, but interrelated systems. This includes building energy management, local generation and storage, energy purchases, as well as meeting service levels and turnaround time requirements.
BluWave-ai’s EV Fleet Orchestrator™ optimizes energy costs in real time by consolidating the many parameters of energy and fleet operations, providing a holistic view and coordinated energy dispatch/control of charging, scheduling and static energy assets. This optimization includes managing peak loads at depots to minimize the grid demand and capital infrastructure requirements. It integrates data from weather feeds, building electrical systems, electricity market pricing, chargers, traffic, vehicle telematics and information, including vehicle state of charge, position, speed, and range to empty. These data sets are acquired live and from historical operations integrating with BluWave-ai Atlas to enable them AI-ready for EV Fleet Orchestration.
“For the past five years, BluWave-ai has been building here in Ottawa one of the world’s premier companies at the intersection of renewable energy, transport electrification, decarbonization, data and artificial intelligence. We are leveraging the talent of Canadian AI researchers, building off our successful patent-protected electricity grid optimization software product, to solve the hardest and most pressing challenges related to climate change with our global customer base,” said Devashish Paul, CEO and founder of BluWave-ai. “We see all the CAPEX on EV fleets, but then fleet operators are leaving electric vehicles parked. They are sending diesel miles to the road because they don’t fully understand when to charge and when to drive, with this $1.7M grant from Fed Dev Ontario, we will be able to augment capabilities of our EV Fleet Orchestrator™ AI product with fleet operators in Canadian, U.S., European, and Indian markets.”
To date, BluWave-ai has completed analysis and simulation for Dubai Taxi’s fleet operations which showed an initial 13% reduction in emissions and energy costs as an example of the benefits for revenue fleet operators. In addition to building the SaaS product, BluWave-ai has tested the technology at its OCPP-controlled charger live lab, “The Flight Test Center,” integrated with multiple chargers where features are tested and stabilized prior to live fleet operations.
FedDev Ontario is providing a $1.7M interest-free repayable loan as part of a larger $6M project. This support cross-subsidizes testing, bringing the BluWave-ai EV Fleet Orchestrator top reproduction-ready stage for multiple worldwide markets. This will also create 50 additional jobs with a private investor and corporate investor financing as part of BluWave-ai’s current Series A round.
“Businesses are the heart of our communities across the country. That is why FedDev Ontario is investing in tech firms like BluWave-ai that are creating the tools needed by our businesses to adapt to a new digital and energy-efficient future,” said The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “Helping companies innovate so that they can increase their competitiveness and create high-quality jobs will continue to be a priority for our Government. Investments like these ensure that tech hubs like Ottawa continue to attract new investments and contribute to a growing economy.”
“The Ottawa Tech industry has been on the forefront of transformation of a variety of industries from telecom, to networking, to AI and Cloud-based software solutions,” said Michael Tremblay, President and CEO of Invest Ottawa. “With BluWave-ai, we are excited to lead the global energy transition combining all of those skills that Ottawa is renowned for and using them to affect Climate Impact with renewable energy and Electric Vehicles. While the rest of the world is planning at COP27, BluWave-ai has already put together several of the key product building blocks to drive the energy transition globally leveraging key local engineering talent based in our city.”
BluWave-ai is offering five days of free data scientist and optimization services for qualified fleet operators wishing to analyze infrastructure, capital and operational planning for EV onboarding on a first come, first served basis. Contact [email protected] to apply for this offering.