Breathe Battery Technologies Secures £15,800,000 for Innovation
In the rapidly evolving landscape of electric vehicles and consumer electronics, the race for efficient battery technology is fiercer than ever. Breathe Battery Technologies, a pioneering London-based firm, has just taken a monumental step by securing £15,800,000 (approximately $21 million) in Series B funding, a move set to revolutionize battery performance predictions. Spearheaded by esteemed investors like Kinnevik, alongside notable participation from Lowercarbon Capital and the Volvo Cars Tech Fund, this funding round marks a significant milestone for both the startup and the electric vehicle industry.
With the new funding in hand, Breathe Battery Technologies, under the leadership of co-founder and CEO Ian Campbell, is poised to expand its innovative offerings.
The company is renowned for its state-of-the-art AI-powered tools that leverage physics-based battery management software. This cutting-edge technology not only enhances the efficiency and safety of battery use but also addresses fundamental challenges within the industry. Their flagship product, the Breathe Model, simulates the intricate electrochemical and thermal dynamics of lithium-ion batteries, allowing electric vehicle manufacturers to create products that promise faster charging times, extended cycle life, and unparalleled safety.
Beyond the Breathe Model, the company offers an array of solutions designed for optimal battery performance management. The Breathe Map serves as an interactive report platform, enabling users to evaluate critical charging performance attributes backed by robust data. Furthermore, Breathe Charge—a real-time adaptive charging software—ensures users always have the most efficient charging strategy at their fingertips. As funding fuels innovation, Breathe Battery Technologies is not just enhancing battery life and efficiency; they are paving the way for a sustainable future in energy use, delivering immense value to investors and stakeholders alike.
Key Terms Explained
- Series B funding
- The second round of financing for a startup by private equity investors or venture capitalists. This funding is for firms that have advanced past the initial startup stage and are in the process of expanding.
- AI-powered tools
- Technology applications or platforms that leverage artificial intelligence to analyze data, make predictions, or perform tasks that traditionally required human intelligence.
- Battery Management Software
- Digital solutions that manage the charging and discharging of rechargeable batteries, ensuring their safe and efficient operation. This software often includes features to monitor battery health, calculate operational parameters, and protect against hazardous conditions.
Frequently Asked Questions
- Who has invested in Breathe Battery Technologies' recent funding round?-Kinnevik, Lowercarbon Capital and the Volvo Cars Tech Fund were the key investors in the recent funding round.
- What was the amount raised by Breathe Battery Technologies in the Series B funding?+
- What are some of the offerings from Breathe Battery Technologies?+
- In what way will the recent funding impact Breathe Battery Technologies?+
- What industry challenges does Breathe Battery Technologies address with their technology?+
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