With increased penetration of 2/3/4 wheeler electric vehicles in India, there is a lot of scope for battery management services for the entire life cycle of a battery from manufacturing, charging, testing, management to recycling.
TWAICE, the Munich-based startup that has built analytics software to help with battery management in electric vehicles and other devices, has recently raised €11 million in Series A funding. Leading the round is European early-stage venture capital firm CREANDUM, with participation from existing investors Cherry Ventures, UVC Partners and Speedinvest, which backed the company’s earlier seed round.
Already used in trucks, cars, e-scooters and stationary power storage, the TWAICE software creates a “digital twin” of battery systems by utilising sensor data, and physical and data-driven battery models. From here it claims to be able to analyse and make accurate real-time predictions about the “health status” of an energy storage system.
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Battery analytics software startup Twaice raises €11M Series A led by Creandum
Twaice, the Munich-based startup that has built analytics software to help with battery management in electric vehicles and other devices, has raised €11 million in Series A funding. Leading the round is European early-stage venture capital firm Creandum, with participation from existing investors ...
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