TWAICE, a Munich-based battery software program firm, has secured €24 million in financing from the European Funding Financial institution (EIB) to scale up its predictive battery analytics for Europe’s vitality transition.
In accordance with TWAICE, the financing will enhance its development as electrification quickly expands in each battery vitality storage and electrical automobile sectors, growing the necessity for predictive analytics and superior battery experience.
The corporate notes that predictive analytics permits battery builders foresee degradation, enhance efficiency, and extend lifespan. Analysing in depth real-time and historic knowledge hastens innovation in cell design, management software program, and useful resource effectivity, enabling sooner market introduction of higher batteries at a decrease whole value of possession.
“This long-term financing from the European Funding Financial institution helps us speed up the expansion we’re already seeing in our enterprise. As storage operators scale their fleets, they want operations that scale with them. Constructed on deep battery experience, we assist groups enhance efficiency and profitability whereas lowering handbook effort,” stated Dr Stephan Rohr, co-CEO of TWAICE.
TWAICE was based in 2018 by Stephan Rohr and Michael Baumann from a analysis challenge on the Technical College in Munich (TUM). It’s the knowledge analytics platform for rising battery vitality storage operators.
In accordance with TWAICE, there’s a rising demand for battery vitality storage techniques, because the share of energy technology from photo voltaic and wind grows. This creates a brand new operational problem: groups should run extra property with the identical assets, whereas defending security, availability, and returns. TWAICE claims to assist operators meet that problem with operations-grade analytics that assist real-time decision-making, predictive upkeep, and workflow automation.
Alongside its vitality analytics platform, TWAICE operates a Battery Specialists enterprise that works with battery producers and electrical automobile firms to combine battery-related insights into business merchandise, overlaying areas from cell-level evaluation to in-use efficiency monitoring.
With the recent capital, the corporate goals to speed up product improvement and increase buyer deployments globally. TWAICE stories that its battery vitality storage techniques enterprise almost tripled in 2025.
Throughout buyer deployments, the German startup stories delivering a mean +5% enchancment in recoverable vitality and lowering analyst time per asset by 80–90% by means of automated reporting and workflows.
The EIB financing has been offered as a long-term enterprise debt mortgage, backed by the InvestEU programme.
Nicola Beer, Vice President of European Funding Financial institution, commented, “Batteries sit on the coronary heart of Europe’s clear vitality future – powering electrical mobility, stabilising grids with renewable vitality and making our vitality techniques extra resilient. By backing TWAICE, we aren’t solely reinforcing Europe’s technological management in superior battery analytics, we’re additionally supporting innovation that allows smarter, extra environment friendly use of fresh vitality throughout the financial system.
“This funding is a part of the EIB’s wider dedication to speed up breakthrough applied sciences that drive decarbonisation, strengthen vitality independence and assist scale excessive‑performing battery options in Europe and worldwide.”
TWAICE has raised over €26.3 million ($90 million) in funding from main traders, together with Coatue, Energize Ventures, Creandum, Cherry, Speedinvest, and UVC. It helps shoppers from the vitality storage business, comparable to InterEnergy, RWE, BW ESS, Grupo Vitality, Verbund, Fullmark Vitality, MN8, amongst others.
