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Founded in 2017 by Alix Peabody, Bev is a Venice, California-based brand producing zero-sugar, lightly carbonated canned wines and spritzers for the ready-to-drink alcoholic beverage market. The company targets millennial and Gen Z female consumers with a feminist mission to disrupt the male-dominated alcohol industry and create inclusive social drinking spaces. The brand operates through direct-to-consumer online sales and wholesale distribution, reaching tens of thousands of retail locations across the United States including major national chains like Target and Kroger. Prior to its acquisition, the enterprise secured a $7 million seed round and a $14 million Series A financing round backed by early venture capital investors including Founders Fund. In June 2023, the brand was fully acquired by E. & J. Gallo Winery following a prior exclusive national distribution agreement between the two entities.
Bev has raised $23.0M across 2 funding rounds.
Bev has raised $23.0M in total across 2 funding rounds.
Bev has raised $23.0M in total across 2 funding rounds.
Bev's investors include 305 Ventures, 9Yards Capital, Arrive, Bora&Sons, Casa Verde Capital, Cosmic Venture Partners, Craft Ventures, Draper Associates, Elefund, FPV Fund, Index Ventures, Koch Fund.
Bev has raised $23.0M across 2 funding rounds. Most recently, it raised $16.0M Series A in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $16M Series A | — | 305 Ventures, 9Yards Capital, Arrive, Bora&sons, Casa Verde Capital, Cosmic Venture Partners, Craft Ventures, Draper Associates, Elefund, FPV Fund, Index Ventures, Koch Fund, KRM Interests LLC, LAUNCH, Moonshots Capital, Neotribe Ventures, Scott Sandell, Offline Ventures, Otherwise Fund, Queensbridge Venture Partners, Ribbit Capital, Sequoia Capital, Howard Lindzon, Summit Partners, Susa Ventures, Susquehanna Capital, Thrive Capital, Venture Development Partners, Aaron Levie, Jared Leto, Todd Corenson, Yajur Sehgal | Announced |
| Apr 16, 2019 | $7M Seed | Lauren Gross | — | Announced |
No single prominent technology company named "Bev" exists based on available information; "Bev" most likely refers to BEV (Battery Electric Vehicle) technology, a core focus in the automotive industry's shift to electrification. Multiple entities like Bev-Tech provide engineering or equipment solutions tangentially related to beverages or manufacturing, but they lack clear technology company status or scale.[1][2][4] In contrast, BEV technology involves electric vehicles powered solely by rechargeable batteries, serving automakers, consumers, and fleets by solving range anxiety, emissions, and fossil fuel dependency through innovations in batteries, inverters, and powertrains.[5][6][7]
BEV advancements target growth in sustainable mobility, with companies like Toyota, Lexus, and BMW driving momentum via solid-state batteries, SiC semiconductors, and high-voltage systems for faster charging and efficiency. Lexus reported doubled BEV sales in Europe in 2024, reaching a 2.5% market share amid rising demand.[5]
BEV technology traces to early electric vehicles in the 19th century, but modern resurgence began in the 2000s with lithium-ion batteries and policy pushes like California's emissions standards. Pivotal moments include Tesla's 2008 Roadster proving long-range viability and government incentives post-2010, accelerating adoption.[3][5][6]
Toyota's BEV efforts evolved from hybrid leadership (Prius in 1997) to a "multi-pathway" strategy covering HEVs to full BEVs, with recent spins like Vitesco Technologies (formerly Continental Powertrain) in 2023 focusing on EV solutions amid plant transitions.[3][6] Lexus debuted BEV innovations like steer-by-wire in its 2022 RZ SUV, positioning as Toyota Group's EV tech leader.[5] BMW's @FutureBEV project advanced SiC power electronics for 800V systems, building UK supply chains.[7]
BEV technology stands out through hardware-software integration and efficiency gains:
These outperform traditional ICE in zero emissions and lower operating costs, with workforce retraining ensuring agile transitions.[3]
BEV rides the electrification megatrend, fueled by climate regulations, falling battery costs (down 89% since 2010), and supply chain localization. Timing aligns with global net-zero goals—EU bans new ICE sales by 2035—boosting demand amid China's dominance in 60% of battery production.[5][6][7]
Market forces favor BEVs: SiC tech cuts losses for longer range, while projects like @FutureBEV build domestic ecosystems, reducing reliance on Asia. BEV influences ripple to semiconductors (Toyota/DENSO wafers), software-defined vehicles, and charging infrastructure, accelerating OEM shifts and startup innovation in autonomy.[3][5][7]
BEV will dominate with solid-state commercialization by 2028, pushing ranges over 600 miles and sub-15-minute charges via 800V SiC. Trends like vertical integration (e.g., Toyota's wafers) and multi-pathways hedge risks, evolving influence toward software-led mobility.[6]
Expect 50%+ global EV penetration by 2030, with Lexus/BMW/Toyota scaling three new models yearly; supply chain resilience will decide winners amid geopolitical tensions.[5][7] This cements BEV as electrification's cornerstone, transforming "Bev" from niche to automotive standard.
