Twaice, a Chicago, IL-based battery analiytics company, raised $26m in Series B funding.
The round, which brought total financing to $45m, was led by Energize Ventures.
The company intends to use the funds to expand the analytics platform and accelerate international expansion.
Led by Stephan Rohr, Twaice provides predictive analytics software that optimizes the development and operation of lithium-ion batteries. The 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.
Customers include automotive giants Audi, Daimler, and Hero Motors alongside energy companies such as Verbund. The company is also working with its partner network including Munich Re (insurance solutions), TÜV Rheinland (certifications), and ViriCiti (fleet management) to offer battery-related services.