What is TWAICE?
TWAICE develops advanced battery analytics software designed to enhance the understanding, prediction, and lifespan of lithium-ion systems. Its sophisticated platform integrates complex modeling with real-world field data, providing actionable insights for design improvements, warranty planning, and operational decision-making. The company's technology is crucial for industries reliant on battery performance, including electric vehicle manufacturing, renewable energy storage, and industrial equipment, enabling them to maximize efficiency and reliability.
How much funding has TWAICE raised?
TWAICE has raised a total of $100.8M across 6 funding rounds:
Angel/Seed
$1.4M
Angel/Seed
$3.2M
Series A
$11.9M
Series B
$26M
Other Financing Round
$30M
Debt
$28.3M
Angel/Seed (2018): $1.4M, investors not publicly disclosed
Angel/Seed (2019): $3.2M led by Speedinvest, Cherry Ventures, and Unternehmer TUM
Series A (2020): $11.9M supported by Creandum, UVC Partners, Speedinvest GmbH, and Cherry Ventures
Series B (2021): $26M featuring Energize Ventures
Other Financing Round (2022): $30M backed by Coatue and Lip-Bu Tan
Debt (2026): $28.3M with participation from European Investment Bank
Key Investors in TWAICE
European Investment Bank
The European Investment Bank (EIB) is the European Union's long-term lending institution, providing financing for projects that support EU policy objectives. Its involvement suggests a strategic alignment with European technological advancement and sustainability goals.
Coatue
Coatue is a prominent investment firm known for its focus on technology and growth-stage companies. Their participation indicates confidence in TWAICE's market potential and technological innovation within the software and energy sectors.
Energize Ventures
Energize Ventures is a venture capital firm specializing in climate solutions and the new energy economy. Their investment in TWAICE highlights the company's contribution to decarbonization and the advancement of sustainable energy technologies.
What's next for TWAICE?
With its recent major strategic investment and substantial overall backing, TWAICE is poised for significant expansion. The company is likely to focus on scaling its technological capabilities, broadening its customer base across global markets, and potentially exploring new applications for its battery intelligence. This financing round suggests a strong market validation and provides the resources necessary for TWAICE to solidify its position as a leader in battery analytics, driving innovation in sustainable energy and mobility solutions.
See full TWAICE company page
