Accure Battery Intelligence, a supplier of predictive analytics software program to optimise battery security, efficiency and lifelong for electrical autos, stationary power storage and different purposes, has closed a €7.2 million ($7.8 million) funding spherical.
Accure plans to make use of the funding to proceed its worldwide progress. The funding spherical was led by Blue Bear Capital and HSBC Asset Administration whereas current buyers corresponding to Riverstone Ventures and Capnamic Ventures additionally participated. The breakdown of the €7.2 million is just not talked about there. Accure Battery Intelligence is predicated in Bozeman within the US state of Montana and within the German metropolis of Aachen. There’s additionally a buyer in Germany: Accure’s battery monitoring system can also be being examined by the Berlin public transport firm BVG.
Accure’s predictive analytics platform makes use of operational knowledge, bodily fashions and synthetic intelligence to detect anomalies and supply an unbiased view of the situation of monitored batteries. On this approach, the platform is alleged to supply fleet operators and power storage suppliers with enhanced monitoring capabilities and “a number of weeks’ lead time” to handle vital points. The corporate says it has “prevented over 50 battery incidents”.
Since battery storage failures and even fires may result not solely in costly harm but additionally in misplaced income, elevated security and reliability are additionally financially related elements. Accure states that prospects who use its personal analytics platform may also profit from “improved insurance coverage phrases”, corresponding to decrease premiums and deductibles. Particularly, Accure is working with HDI International on this.
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“ACCURE is on a mission to enhance battery security, reliability, and longevity,” stated Kai-Philipp Kairies, co-founder and CEO of Accure. “Our predictive analytics software program already helps greater than three gigawatt-hours of storage, stopping quite a few battery incidents, and most significantly, our prospects now have peace of thoughts figuring out that an unbiased and trusted associate is guaranteeing secure, high-performing programs.”
“We see superior software program like ACCURE’s growing the security, output and worth of battery property, turning into one of the necessary instruments within the world buildout of renewable power, power storage, electrical autos, and different battery-powered infrastructure,” stated Carolin Funk, Associate at Blue Bear Capital, explaining the funding. Christophe Defert, Head of Local weather Expertise Investments at HSBC Asset Administration, provides: “Because the world’s use of batteries grows exponentially in our houses, companies, autos, and electrical grids, the necessity for security and reliability has by no means been higher.”
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