Tether

Based in Sweden, Tether is a provider of innovative prediction and optimization solutions for electric vehicle (EV) charging, aimed at enhancing operational efficiency for businesses in the EV ecosystem. Tether specializes in developing advanced solutions for electric vehicle (EV) charging. Founded in 2022 and headquartered in Stockholm, Sweden, the company raised EUR 1. 3 million in a PRE-SEED funding round on June 19, 2025, co-led by DraperB1 and Kanoar Ventures, with participation from Core Angels, Enzo Ventures, and Inclimo.

The company has executed one total deal. Tether offers an advanced prediction and optimization engine specifically designed for electric vehicle (EV) charging solutions. Its core products focus on understanding the behavior of millions of individual EV drivers, enabling the creation of tailored charging solutions and services. Key functionalities include the identification and classification of user behaviors, the generation of synthetic drivers to enhance existing datasets, and the development of machine learning models that predict both individual and aggregate charging and driving behaviors.

Tether's services cater to a diverse client base, including charging station operators, utility companies, and fleet managers, primarily in North America and Europe. By leveraging the flexibility of parked EVs, which remain stationary 95% of the time, Tether aims to unlock substantial value through smart charging and vehicle-to-grid (V2G) technologies. Tether generates revenue through strategic partnerships and subscription-based models, providing its services directly to businesses operating within the EV ecosystem. Clients engage with Tether's offerings through a subscription arrangement where they pay for access to the predictive analytics and optimization tools tailored to their specific needs.

The company’s flagship services, including user reports and flexible charging solutions, enhance the operational efficiencies of its clients, allowing them to capitalize on ancillary services to the power grid. Transactions typically involve agreements between Tether and charging network operators or utility providers, where Tether's technology integrates seamlessly into existing infrastructures. This structured approach ensures that clients benefit from detailed insights and actionable reports that drive their business decisions and optimize revenue streams. In June 2025, Tether raised EUR 1.

3 million in funding to support the expansion of its electric vehicle grid integration platform and develop partnerships in the Nordic and European energy markets. The company is focusing on upcoming product launches that enhance EV charging solutions and aims to enter new markets in Europe by 2026.