Bat­tery start­up ACCURE receives $8 mil­lion Series A investment

Aachen, Ger­many-based soft­ware and AI-dri­ven bat­tery analy­sis com­pa­ny ACCURE receives $8 mil­lion in Series A fund­ing from U.S. investor Blue Bear Cap­i­tal, which focus­es on dig­i­tal tech­nolo­gies for ener­gy and cli­mate, and exist­ing investors Cap­nam­ic Ven­tures and 42CAP. ACCURE’s soft­ware enables bat­tery man­u­fac­tur­ers and users to mon­i­tor the con­di­tion and safe­ty of their bat­ter­ies in real time through­out their life­cy­cle. This allows com­pa­nies in the ener­gy and mobil­i­ty sec­tors to pre­dict safe­ty inci­dents before they occur and opti­mize bat­tery per­for­mance dur­ing oper­a­tion with­out tech­ni­cal mod­i­fi­ca­tions. More than 220,000 bat­tery sys­tems — over 750 megawatt hours — world­wide are already man­aged by ACCURE.

“We’ve proven to our cus­tomers that we can detect inci­dents like bat­tery fires before they hap­pen. In addi­tion, we can pre­dict events such as recalls and war­ran­ty claims, there­by min­i­miz­ing risk and max­i­miz­ing uptime. It is obvi­ous that this is a great lever for our clients, both eco­nom­i­cal­ly and in terms of rep­u­ta­tion,” says Dr. Kai-Philipp Kairies, CEO of ACCURE. “ACCURE Cloud is like Google Ana­lyt­ics for bat­ter­ies. With­out dis­rupt­ing our cus­tomers’ phys­i­cal process­es, we take the data pro­vid­ed by each bat­tery and ana­lyze it. This cre­ates an extreme­ly valu­able resource for the fur­ther devel­op­ment and opti­miza­tion of the bat­tery and the sys­tem in which it is installed,” explains Dr. Kai-Philipp Kairies, CEO of ACCURE.

“ACCURE has devel­oped a much need­ed bat­tery man­age­ment prod­uct in a rapid­ly grow­ing mar­ket. We are con­fi­dent that the ACCURE team has the right expe­ri­ence to help own­ers of such assets pro­tect their sys­tems worth bil­lions of dol­lars around the world. Thanks to the SaaS solu­tion, any bat­tery sys­tem can be eas­i­ly retro­fit­ted. ACCURE is scal­ing quick­ly and at the right time to make its mark on this mar­ket,” said Dr. Car­olin Funk, Part­ner at Blue Bear Capital.

ACCURE was found­ed in 2020 by Dr. Kai-Philipp Kairies, Dr. Georg Angenendt and Dr. Johannes Palmer. The three founders have been research­ing bat­tery tech­nolo­gies since 2009 and met at the Chair of Elec­tro­chem­i­cal Ener­gy Con­ver­sion and Stor­age Sys­tems Tech­nol­o­gy at RWTH Aachen Uni­ver­si­ty. ACCURE’s cus­tomers include some of the largest home stor­age providers in Europe and a lead­ing Ger­man utility.

Com­plete press release: Ger­man / Eng­lish