Industry Case Study

US-Based Startups that are Working on Testing/Certifying Electric Vehicle Battery State of Health

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The six US-based startups that are working on testing or certifying electric vehicle battery state of health include Titan Advanced Energy Solutions, Energsoft, Dox, Spiers New Technologies, Ewert Energy Systems, and HKD. We have provided below the details for each of these startups.

1) Titan Advanced Energy Solutions 

  • The company develops “ultrasound-based technology and advanced algorithms that measure and evaluate the health and charge of lithium-ion batteries in real-time.” The technology assists EV owners in safety monitoring and control, real-time cell level monitoring, and balancing. The various markets served by the company include the second-life battery market, stationary storage, consumer electronics, electric vehicles, and battery manufacturing.
  • It was founded in 2016 and is headquartered in Salem, Massachusetts.
  • The company has thus far raised $10 million from 3 investors in Series A funding. The latest funding round was conducted in September 2019 and was led by Energy Innovation Capital.

2) Energsoft 

  • The company provides an artificial intelligence-driven business to business (B2B) software as a service (SaaS) platform for battery testing, energy storage system modeling, and data processing applications. It leverages AI algorithms for the visualization of research data, metadata organizing, battery management system designing, and dashboard management. The company claims that the software can support real-time battery testing of up to 1-million+ cycles.
  • It was founded in 2018 and is headquartered in Seattle, Washington.
  • As per data from Crunchbase, the company has thus far raised $250,000 in pre-seed funding.

3) Dox 

  • The company provides EV fleet owners with a battery predictive analytics platform built using a proprietary machine-learning algorithm. The platform provides owners with timely battery alerts, automatic scheduling of maintenance tasks, detailed battery metrics, and a set of APIs to integrate the Dox platform with existing solutions. The same helps them to reduce inventory costs, battery waste, and sudden failures.
  • It was founded in 2017 and is headquartered in Chicago, Illinois.
  • As per data from Crunchbase, the company has thus far raised an undisclosed amount in seed funding from UK Lebanon Tech Hub. The funding round was conducted in June 2017.

4) Spiers New Technologies 

  • The company operates as a leading full-service provider for advanced battery packs used in hybrid and electric vehicles. It offers a one-stop solution for battery life cycle management including, qualitative analysis and safety health screening of batteries that have been removed from their original vehicle. The company has a proprietary battery management system (BMS) called Alfred. It collects, manages, and processes battery and battery-related information. It provides on-demand data analysis and reports generation to users.
  • It was founded in 2015 and is headquartered in Oklahoma City, Oklahoma.
  • According to Crunchbase, the company has thus far raised $2.8 million in total funding. The last funding round was conducted in July 2020, in which the company had raised $400,000 in seed funding.

5) Ewert Energy Systems 

  • The company is focused on developing solutions for plug-in hybrid and electric vehicles, solar systems, grid stabilization, and other energy storage applications. It manufactures Orion BMS, which is a Lithium-Ion (Li-Ion) battery management system (BMS) that is specifically designed for electric vehicles (EV), plug-in hybrid (PHEV), and hybrid automotive vehicles (HEV). It provides battery health analytics such as state of charge (SOC), discharge current limit (DCL), and charge current limit (CCL), among others.
  • It was founded in 2008 and is headquartered in Carol Stream, Illinois.
  • As per data from Tracxn, the company has not raised any funding thus far and is still unfunded.

6) HKD 

  • The company manufactures BMS (battery management systems) for plug-in electric vehicles. Its main products include HKD BMS R4 and HKD Mini BMS R4, which are capable of measuring up to 360 battery cells per unit. The company’s BMS range of products perform intelligent cell balancing and calculates battery analytics such as the state of charge (SOC), discharge current limit (DCL), and charge current limit (CCL).
  • It was founded in 2018 and is headquartered in Austin, Texas.
  • As per data from Tracxn, the company has not raised any funding thus far and is still unfunded.
GLENN TREVOR
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

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