TWAICE is a startup that has built analytics software to help with battery management in electric vehicles and other devices.
TWAICE supports enterprises across industries with digital twin-based predictive battery analytics software.
TWAICE was founded in June 2018 by Michael Baumann and Stephan Rohr. The company is headquartered in Munich, Bavaria, Germany, with an office in Chicago, Illinois.
TWAICE's innovative battery analytics software and service enables precise determination and prediction of battery health along the whole lifecycle in major industries. The company's clients benefit from cost optimized battery concepts, faster testing, increased lifetime and higher reliability.
TWaICE merge software, machine learning and battery expert knowledge to permit simple and cost-effective battery development, testing and operation for our customers. The company's insights empower enterprises to drive their economic battery value during development, first and second use.
TWAICE customers include automotive giants Audi, Daimler, and Hero Motors alongside energy companies such as Verbund. TWAICE is also working with its extensive partner network including Munich Re, TÜV Rheinland, and ViriCiti to offer battery-related services.
TWAICE is backed by Coatue Management, Energize Ventures, Creandum, Cherry Ventures, UVC Partners, Speedinvest, and others. The company raised an additional $30M in Series B round on Apr 26, 2022, bringing the round total to $56M. The additional investment brings TWAICE's total funding to $70.2M to date.