Twaice, a Munich-based startup developing “predictive analytics” software to help with battery management in electric vehicles and other devices, has raised €2 million in additional seed funding. The round is led by Berlin’s Cherry Ventures, with participation by existing investors UVC Partners and Speedinvest. It brings the total raised at seed stage by the nine month-old company — a spin out of Technical University of Munich (TUM) — to €3.2 million. Already used in trucks, cars, e-scooters and stationary power storage, the Twaice software creates a “digital twin” of battery systems by utilising sensor data, and physical and data-driven battery models.

 

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