The fresh funds will be used to optimize the cloud analytics platform and expand the company's locations in Europe and North America. Twaice currently operates offices in Munich, Courbevoie near Paris, and Chicago. Most recently, in May 2021, the Munich-based company acquired a Series B round 21 million euros (26 million dollars).
Twaice's technology provides insights into battery aging and allows predictions of future battery performance. It aims to improve the transparency and predictability of battery performance and lifespan.
Twaice: “We owe these recent successes to our strong team”
Twaice has increased its sales by around 250 percent since May 2021. The company's customers include Company According to its own statements, it includes “more than five of the world’s leading car manufacturers as well as several major developers and operators of storage facilities for renewable energies”.
“We are building the world’s most comprehensive platform for predictive battery analytics, available to all companies driving the transition to a cleaner and greener world,”
says Stephan Rohr, Co-CEO and founder of Twaice. The second Co-CEO and founder Michael Baumann says:
"Over the past year, we have significantly expanded our customer base in the mobility and energy sectors, established new business areas for bus and commercial fleet operators, and developed a new product offering for residual value certification of electric vehicles. We owe these recent successes to our strong team at Twaice and the support of all our investors."
