Only nine months after the official founding of the company, Munich-based startup TWAICE has received another €2 million in funding. The money is provided by the Berlin venture capitalist Cherry Ventures with participation from existing investors UVC Partners and Speedinvest.
With this extended seed financing, TWAICE will secure and further expand its rapid customer expansion and business development. The significantly accelerated electrification strategy of many customers makes this possible. Additionally, more and more companies in the automotive industry are discovering TWAICE software. It can improve the use of lithium-ion batteries and extend their lifespan.