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.