Twaice has received fresh capital from the EIB, supported by the European InvestEU program. The Munich-based startup develops analytics software for battery storage systems and electric vehicles. The company plans to use the capital to further expand its growth.
The expansion of renewable energies and increasing electrification are driving the battery storage market. At the same time, the demand for data-driven analytics is growing, enabling operators to better assess the condition, performance, and aging of their battery systems. The goal is to detect failures early and manage operations more efficiently.
Stephan Rohr, Co-CEO of Twaice, commented:
“Operators expanded their storage fleets and needed processes that could grow with them. Based on deep battery expertise, we support teams in increasing performance and profitability with significantly less manual effort.”
More battery storage, more effort
With the increasing share of solar and wind energy, the number of battery storage systems is also growing. Operators face the challenge of operating more and more systems with the same personnel resources while ensuring safety, availability, and economic viability.
According to Twaice, an in-house survey of battery storage system professionals shows that 45 percent of respondents experience unexpected problems with their systems at least once a month. The company did not disclose its methodology or the number of respondents.
Focus on analytics and international clients
Twaice states that it focuses on analytics for real-time decision-making, predictive maintenance, and the automation of workflows. In addition to its business with battery storage systems, the Twaice Battery Experts division collaborates with battery manufacturers and electric vehicle manufacturers. The company analyzes both cell-level data and performance indicators from ongoing operations.
Nicola Beer, Vice President of the European Investment Bank says:
“Batteries are at the heart of Europe’s energy future. They power electromobility, stabilize renewable energy grids, and make our supply networks more resilient. By supporting Twaice, we are not only strengthening Europe’s technological leadership in modern battery analytics, but also promoting innovations that enable smarter and more efficient use of clean energy across the entire economy.”
According to the company, Twaice's business in the field of battery storage systems nearly tripled in 2025. The Munich-based startup plans to use the funding to accelerate product development and expand its international customer base.
