TWAICE
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- core ai
- space tech
- spinout
- ai applications
- esa
- industrial technology
- predictive analytics
- electric mobility
- eitclimatecleantech
- battery
- esa bic
- space downstream
- lithium-ion batteries
- eit innoenergy
- manufacturing
- manufacturing tech
- european battery alliance
- ev battery
- space tech for energy
- space tech for mobility
- digital twin
- energy tech
- battery management system
- energy storage
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | - | - | 6.3m | 7.4m | 23.8m | 27.3m |
% growth | - | - | - | 18 % | 223 % | 15 % |
EBITDA | - | - | (4.0m) | (6.2m) | - | - |
% EBITDA margin | - | - | (65 %) | (83 %) | - | - |
Profit | (<1m) | (1.4m) | (4.3m) | (6.5m) | - | - |
% profit margin | - | - | (68 %) | (88 %) | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | Support Program | ||
€1.2m | Seed | ||
€2.0m | Seed | ||
€11.0m | Series A | ||
* | €21.3m | Series B | |
€2.2m | Grant | ||
* | $30.0m | Series B | |
N/A | Late VC | ||
Total Funding | €64.9m |
Recent News about TWAICE
EditTWAICE is a startup that operates in the battery technology sector, providing a unique software solution that allows stakeholders to access and analyze data from batteries. This data-driven approach enables better decision-making in various areas such as engineering, production, operations, and finance. The company's primary clients include battery engineers, data scientists, technical management, operations management, sales, post-sales, asset management, and corporate social responsibility stakeholders.
TWAICE's software is designed to optimize the efficiency, performance, and safety of batteries. It provides key performance indicators (KPIs) that help in optimizing operational output, tracking warranties, reducing emissions, and identifying new revenue opportunities. The software also provides valuable insights that can help in optimizing battery systems financing, insurance, lifecycle costs, and resale values.
The company's business model is based on providing a software solution that can be used across the entire value chain of battery technology. This includes the design and building of batteries, their operation and management, and their financial aspects. By providing a single source of truth about the battery's performance, TWAICE helps its clients save time and money, and make more informed decisions.
TWAICE makes money by selling its software solution to clients who are involved in the battery technology sector. The company's software is not only beneficial for those who design and build batteries but also for those who manage and finance them.
Keywords: Battery Technology, Data-Driven Decision Making, Operational Efficiency, KPIs, Lifecycle Costs, Emission Reduction, Revenue Opportunities, Battery Financing, Battery Insurance, Software Solution.