NOVUM engineering GmbH

NOVUM engineering GmbH provides advanced battery diagnostic solutions utilizing proprietary technology and AI, focusing on real-time analysis of various battery types for enhanced efficiency and safety in energy storage. Founded in 2014 and headquartered in Dresden, Germany, NOVUM engineering GmbH specializes in battery diagnostics. The company was established by Jens Haupt, who has a background in engineering and technology. Since its inception, NOVUM has engaged in one deal, with the most recent funding round occurring on October 22, 2020.

NOVUM engineering GmbH specializes in advanced battery diagnostic solutions leveraging proprietary technology and artificial intelligence. Their core offerings include stationary and mobile test systems designed for the real-time analysis of various battery types such as lithium, NMC, LFP, and lead-acid batteries. These systems assess critical parameters like state of charge, capacity, and expected lifespan, addressing challenges faced by industries reliant on battery storage, including automotive and renewable energy sectors. The solutions are tailored for businesses across Europe, North America, and Asia, serving a diverse clientele from battery manufacturers to large-scale energy storage system operators.

NOVUM's products aim to enhance battery efficiency, safety, and sustainability, allowing clients to optimize energy storage capabilities and reduce operational risks. In 2017, NOVUM engineering GmbH reported a revenue of EUR 36,064 with an EBITDA of EUR -154,826. 3. The company's revenue model is based on providing diagnostic services through direct sales and partnerships, involving one-time purchases and ongoing service agreements for software and hardware maintenance.

Their flagship products, such as Storage Guard and Performance Guard, enable continuous monitoring of battery health and performance, establishing a recurring revenue stream through service contracts that ensure continuous support and data analysis for clients. Looking ahead, NOVUM engineering GmbH is focused on launching new products designed to enhance battery diagnostics, with plans to expand into additional markets in Europe and North America by 2022. The company intends to utilize the latest funding raised in October 2020 to support these initiatives and enhance their product offerings, ensuring they meet the evolving needs of their clients in the battery storage industry.