Munich-based Twaice raises €11 million Series A to take its battery analytics to the Nordics
Summary
Due to increasing pollution regulation, manufacturers have put greater emphasis on developing electric, emissions-free vehicles and, as a result, efficient batteries. However, due to their cost and complexity, batteries are especially challenging regarding significant test scopes during development, a lack of transparency about their condition, and remaining lifetime during operation. TWAICE predictive analytics solution unlocks a tremendous amount of value along the full battery lifecycle,” states Peter Specht, Principal at Creandum. We’re thrilled to support the team along their journey to further scale and expand to new markets.” “We are very happy to have Creandum, an internationally recognized investor, onboard now,” Michael Baumann, Managing Director and co-founder of TWAICE, said. In the mobility sector, TWAICE enables manufacturers and fleet operators to improve both the development and use of lithium-ion batteries as well as to extend the batteries’ service life.