Battery analytics software program firm TWAICE has raised $30 million in extra Collection B funding, along with the $26 million in Collection B financing raised in Might of 2021. The funding spherical extension consists of present traders.
TWAICE will use the funding to additional optimize its cloud analytics platform and develop in Europe, North America, and at its new Chicago workplace. The corporate says its software program “addresses key challenges within the battery lifecycle by producing insights into battery growing older that present how wholesome a battery is, whereas making extremely correct predictions on its future efficiency.”
In accordance with TWAICE, its gross sales have climbed by about 250 % since Might of 2021 and its buyer base consists of 5 OEMs in addition to renewable power builders and operators.
“Within the final 12 months we tremendously elevated our mobility OEM and power buyer base, established new enterprise segments for bus and industrial fleet operators and shaped a brand new product providing for EV residual worth certification,” stated TWAICE Co-CEO and founder Michael Baumann.
Supply: TWAICE
