TWAICE is a Munich-based climate tech company that develops predictive analytics software for lithium-ion batteries, creating digital twins to monitor health, predict aging, and optimize performance across the battery lifecycle.[1][2][5] It serves manufacturers, fleet operators, and energy companies in the mobility and energy sectors, solving challenges like development testing, operational transparency, predictive maintenance, warranty risks, and battery lifespan extension—enabling up to 25% longer battery life and reduced costs for electric vehicle fleets and stationary storage systems.[1][2][4] From a 2018 university spinout, TWAICE has achieved rapid growth, analyzing over 5 GWh of batteries, employing 140+ people across three countries, and securing Series A (€11M in 2020) and Series B funding to scale globally.[1][2][7]
TWAICE emerged from four years of research at the Technical University of Munich (TUM), spinning out in 2018 as TWAICE Technologies GmbH, founded by Dr. Stephan Rohr and Michael Baumann—experts in battery analytics with deep academic and technical backgrounds.[1][2] The idea stemmed from addressing lithium-ion battery complexities in electrification, combining physical models, field data, and AI to bridge product development and real-world use.[1][4] Early traction came quickly: within two years, it raised a €3.2M seed round from Cherry Ventures, UVC Partners, and Speedinvest, followed by a €11M Series A led by Creandum in 2020, attracting global customers in automotive, trucking, and energy.[1][2][7] Pivotal moments include establishing market leadership through machine learning on a scalable cloud platform and partnerships like with Sycada for fleet battery health.[2][6]
TWAICE rides the battery supercycle driven by electrification in mobility (e.g., EVs amid pollution regulations) and energy (e.g., stationary storage for grid stability), where lithium-ion batteries' high costs and opacity demand advanced analytics.[2][4] Timing is ideal amid global pushes for zero-emission transport and renewables, with market forces like rising EV adoption and energy transition accelerating demand—positioning TWAICE as a leader in a market at an inflection point.[1][4][7] It influences the ecosystem by enabling sustainable practices, such as 25% battery life extensions and second-life repurposing, reducing waste and supporting climate goals while partnering with innovators like Energize Ventures and Fullmark Energy.[2][6][7]
TWAICE is poised for accelerated global expansion post-Series B, targeting international EV and energy markets with its analytics platform amid booming battery demand.[2][7] Trends like AI-driven climate tech, regulatory pressures for emissions-free systems, and the "second life" battery economy will propel growth, potentially solidifying its dominance in predictive analytics. Its influence may evolve from niche leader to ecosystem enabler, powering safer, greener batteries at scale and driving the mobility-energy transition forward—just as it transformed from TUM research to a top European scaler.[1][2]
TWAICE has raised $70.0M in total across 4 funding rounds.
TWAICE's investors include Greenfield Partners, TeClub, Walden International, Energize Ventures, Cherry Ventures, Creandum, Philipp Kloeckner.
TWAICE has raised $70.0M across 4 funding rounds. Most recently, it raised $30.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $30.0M Series B | Greenfield Partners, TeClub, Walden International | |
| May 1, 2021 | $26.0M Series B | Energize Ventures | |
| Mar 1, 2020 | $12.0M Series A | Cherry Ventures, Creandum, Philipp Kloeckner | |
| May 1, 2019 | $2.0M Seed | Cherry Ventures, Philipp Kloeckner |
