logo
logo

Borgwarner And Ogci Climate Investments Complete New Investments In Qnovo In $24M Series-C Funding

Jan 11, 2022•over 3 years ago

Amount Raised

$24 Million

Round Type

series c

Newark

Description

Qnovo, a pioneer in battery management software, announced the closing of $24M in Series-C financing. BorgWarner led the round with significant participation by OGCI Climate Investments and Constellation Technology Ventures. Existing investors U.S. Venture Partners and RockPort Capital also participated

Company Information

Company

24 M Series C Funding

Location

Newark, New Jersey, United States

About

The company, which is in advanced vehicle qualifications with several global passenger and commercial electric vehicle (EV) manufacturers, will use the new capital to scale their software products into EV production, and support growing demand from grid stationary storage systems.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech