TWAICE, a data analytics platform for battery energy storage operators, has secured $28.3 million in new investment capital. The company provides software designed to help businesses manage their battery energy storage system (BESS) fleets more safely, reliably, and profitably. Founded in 2018, TWAICE supports leading storage operators globally with its technology.
The TWAICE cloud platform transforms raw battery data into real-time insights, enabling operators to cut downtime, prevent failures, and enhance the lifetime returns of their BESS assets. Its technology is designed to work across various vendors, technologies, and markets, offering a unified dashboard for portfolio management and ensuring safe operations by identifying safety-relevant trends in advance. This capability is crucial for accelerating the shift towards a more sustainable and resilient energy grid.
This latest funding round brings TWAICE's total capital raised to over $90 million from investors including Coatue, Energize Ventures, Creandum, Cherry, Speedinvest, and UVC. The newly acquired funds are earmarked to accelerate product development, expand the company's market reach, and further enhance its data analytics capabilities for the rapidly growing battery energy storage sector.
With this investment, TWAICE plans to strengthen its position as a key enabler for the energy transition, continuing to support major clients from the energy storage industry in optimizing their BESS portfolios and maximizing system performance and availability. The company aims to drive further innovation in battery intelligence to meet the increasing demand for efficient and reliable energy storage solutions worldwide.
