EVident Battery, a Watford, MA-based company which develops sustainable and advanced battery technology, raised $3.2M in Seed funding.
The round was led by Ibex Investors with participation from Nationwide Ventures, Automotive Ventures, Avesta Fund and angels investors. Jeff Peters, Partner and Head of Mobility VC at Ibex Investors, is joining the Board of Directors.
The company intends to use the funds to accelerate its research and development initiatives, enhancing manufacturing capabilities, and driving forward strategic partnerships, and to expand its team with additional experts in engineering, manufacturing and business development.
Led by CEO Jinqiang Ning, EVident Battery has developed comprehensive and non-destructive EV battery pack inspection solutions empowered by AI that execute in less than 2 minutes.
The company has also launched its pilot product, bringing its rapid, non-destructive battery pack inspection technology into real-world use. This pilot marks a key step toward commercialization, enabling the company to validate performance, refine its AI models, and scale deployment.
FinSMEs
01/04/2025