Munich-based battery analytics software company TWAICE has raised an €11 million Series A round led by venture capital firm Creandum. Notably, other investors like Cherry Ventures, UVC Partners, and Speedinvest already invested €3.2 million as part of an earlier seed round.
The company is planning to use the funding to scale its software and power internationalisation efforts further to contribute to the availability of sustainable mobility and energy solutions.
Michael Baumann, Managing Director and Co-Founder of TWAICE, said:
“We are very happy to have Creandum, an internationally recognized investor, onboard now. They share our vision of an analytics platform for e-mobility and renewable energies.”
For the uninitiated, TWAICE offers predictive analytics software that optimizes both the development and operation of lithium-ion batteries.