Battery Analytics Company Twaice Raises $26 Million In Series B Funding

May 19, 2021•over 4 years ago

Amount Raised

$26 Million

Round Type

series b

Munich

Description

TWAICE, a battery analytics software company that enhances transparency and predictability of batteries, today announced it has raised $26 million in Series B funding. Led by global alternative investment manager, Energize Ventures, the heavily oversubscribed round received follow-on participation from all existing investors, bringing TWAICE's total financing to $45 million. The funds will be used to expand the analytics platform and fuel international expansion.

Company Information

Company

Twaice

Location

Munich, Bavaria, Germany

About

TWAICE provides predictive analytics software that optimizes the development and operation of lithium-ion batteries. TWAICE’s core technology is the digital twin - a software that combines deep battery knowledge and artificial intelligence to determine the condition and predict the aging and performance of batteries. This makes complex battery systems more transparent, effective, and reliable. As the leading battery analytics software for global players in the mobility and energy sectors, TWAICE is committed to increasing the lifetime, efficiency and sustainability of the products that power the economy of tomorrow. Find out more at www.twaice.com

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Battery Analytics Company Twaice Raises $26 Million In Series B Funding

Description

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Company Information