"The Twaice EIB financing is aimed at accelerating growth as electrification drives expansion across battery energy storage systems and electric mobility markets. The company develops analytics software based on real-time and historical battery data, enabling operators to anticipate degradation, optimise performance and extend asset lifetime across large and growing fleets. Back in 2022, the German company raised 30 million dollars in additional Series B financing led by global investment firm Coatue."
"Twaice positions its platform as an operations-grade tool supporting real-time decision-making, predictive maintenance and workflow automation for battery energy storage operators. As solar and wind generation capacity increases, the press release notes that operators are required to manage a rising number of assets while maintaining safety, availability and economic performance."
European Investment Bank agreed to provide €24 million venture financing to Twaice to support the scale-up of its predictive battery analytics business. The financing targets acceleration of growth as electrification expands battery energy storage systems and electric mobility markets. Twaice develops analytics software using real-time and historical battery data to enable operators to anticipate degradation, optimise performance and extend asset lifetime across large fleets. The company also operates a Battery Experts business serving battery manufacturers and electric vehicle OEMs on cell analysis and in-life performance. The battery energy storage systems business nearly tripled in 2025, reflecting growing demand for data-driven battery operations.
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