Recurrent is a technology company.
Recurrent has raised $9.0M across 2 funding rounds.
Recurrent has raised $9.0M in total across 2 funding rounds.
Recurrent has raised $9.0M in total across 2 funding rounds.
Recurrent's investors include BP Ventures, Cupule Ventures, Earthshot Ventures, Jenny Fielding, Scott Hartley, Powerhouse Ventures.
Recurrent is a Seattle-based clean tech startup founded in 2020 that provides transparency and insights into electric vehicle (EV) battery performance, primarily through battery and range reports for used electric cars.[1][2] It serves EV shoppers, owners, sellers, and dealerships by leveraging data from a network of EVs to assess battery health, helping users make informed decisions in the growing used EV market and addressing key pain points like range anxiety and degradation uncertainty.[1][2] The company has demonstrated growth momentum with recognition on The Information's 50 Most Promising Startups list, a remote-first model emphasizing decarbonization, and backing from experienced investors, positioning it as a key player in EV adoption.[2][6]
Recurrent was founded in 2020 in Seattle, Washington, amid rising EV adoption and the need for reliable used-car battery data.[1][2] Key figures include co-founder Scott Clark, who previously served as COO of EnergySavvy, scaling it to 75 employees and $10M in annual revenue before its 2019 acquisition; he also acted as Entrepreneur-in-Residence at the University of Washington’s Clean Energy Institute and co-founded Ada Developers Academy.[2] The idea emerged from a pragmatic focus on mitigating climate change through transportation decarbonization, acknowledging real-world driving needs while prioritizing EVs; early traction built on a network of real-world EV data for accurate battery insights.[2] Pivotal support came from board members like Martha Blue (ex-Boston Consulting Group advisor on EV strategies) and Arthur Anderson (Chief Innovation Officer at Circumference Group with Avis Budget Group experience), alongside venture backers who fueled its remote-first expansion.[2]
(Note: Distinct from Recurrent Technologies, a 1996-founded San Jose IT hardware reseller.[3][4][5])
Recurrent rides the explosive growth of the EV market, where used EV sales are surging due to maturing fleets, lease returns, and affordability pressures, but buyer hesitation persists over battery longevity.[1] Timing is ideal as global EV adoption accelerates—projected to hit millions of used units annually—fueled by policy incentives, falling battery costs, and automaker shifts, yet lacking standardized health diagnostics.[1][2] Market forces like rising scrap rates from poor battery data and consumer demand for trust favor Recurrent's real-world insights, influencing the ecosystem by boosting used EV liquidity, reducing waste, and accelerating mainstream adoption.[1][2] It sets a precedent for data platforms in sustainable mobility, akin to how Carfax transformed used ICE vehicles.
Recurrent is poised to dominate used EV diagnostics as battery data becomes table stakes for transactions, with expansion into dealership integrations, fleet services, and international markets likely next.[1][2] Trends like AI-enhanced predictions, regulatory mandates for battery transparency, and gigafactory scale-up will amplify its network effects, potentially leading to OEM partnerships or acquisitions by auto giants.[1] Its influence could evolve from niche reporter to ecosystem enabler, powering a transparent, circular EV economy—turning battery uncertainty from barrier to buying accelerator, much like its founding vision humanized clean tech for everyday drivers.[2]
Recurrent has raised $9.0M across 2 funding rounds. Most recently, it raised $5.0M Venture Round in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $5.0M Venture Round | BP Ventures, Cupule Ventures, Earthshot Ventures, Jenny Fielding, Scott Hartley, Powerhouse Ventures | |
| Dec 1, 2020 | $4.0M Seed | BP Ventures, Cupule Ventures, Earthshot Ventures, Jenny Fielding, Scott Hartley, Powerhouse Ventures |