TWAICE Technologies GmbH Asset Profile

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Year established

2018

Location

Munich Germany

Primary Industry

Software

About

Founded in 2018 and based in Munich, Germany, TWAICE Technologies GmbH develops an AI-based platform that provides battery data including on-demand reports and predictive diagnostics, and simplifies battery testing to improve lifetime and prevent downtimes. The company serves fleet operators, battery and electric vehicle manufacturers. Michael Baumann and Stephan Rohr are the co-founders of the company. In May 2021, TWAICE Technologies GmbH raised USD 26 million in Series B funding led by the global alternative investment manager, Energize Ventures including Creandum, Cherry Ventures, UVC Partners, and Speedinvest. The organization's products include a battery analytics platform, battery model library, development, fleet, and energy solutions. The company's predictive analytics software optimizes the development and operation of lithium-ion batteries. The cutting-edge battery analytics solution is to monitor, analyze and optimize batteries. TWAICE’s core technology is the digital twin – software that combines deep battery knowledge and artificial intelligence to determine the condition and predict battery aging and performance. The firm's customers include automotive giants Audi, Daimler, and Hero Motors alongside energy companies such as Verbund. TWAICE plans to use the May 2021 funding to expand the analytics platform and fuel international expansion.

Current Investors

Speedinvest, Unternehmertum Venture Capital, MH Capital Partners

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Primary Industry

Software

Sub Industries

Analytics & Performance Software, Systems Management Software

Website

www.twaice.com

Verticals

Artificial Intelligence, Big Data, Cloud Computing

Company Stage

Series B

Total Amount Raised

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