Twaice receives fresh capital from the EIB, supported by the European Invest-EU program. The Munich startup develops analytics software for battery storage systems and electric vehicles. With the capital, the company aims to expand its growth further.
The expansion of renewable energy and increasing electrification are driving the battery storage market forward. At the same time, demand for data-based analytics is rising, enabling operators to better assess the condition, performance, and aging of their battery systems. The goal is to identify failures early and manage operations more efficiently.
Stephan Rohr, Co-CEO of Twaice, comments:
“Operators are expanding their storage fleets and need processes that scale with them. Based on deep battery expertise, we help teams increase performance and profitability while significantly reducing manual effort.”
More battery storage, more effort
With the growing share of solar and wind energy, the number of battery storage systems is also increasing. Operators face the challenge of managing more and more systems with constant personnel resources while ensuring safety, availability, and profitability.
According to Twaice, an internal survey of professionals in battery storage systems shows that 45 percent of respondents experience unexpected problems with their systems at least once a month. The company does not provide information on methodology or the number of respondents.
Focus on analytics and international customers
Twaice focuses on analytics for real-time decision-making, predictive maintenance, and workflow automation. In addition to battery storage systems, the Twaice Battery Experts division works with battery manufacturers and electric vehicle manufacturers. The company analyzes both cell-level data and performance metrics from ongoing operations.
Nicola Beer, Vice-President of the European Investment Bank, says:
“Batteries are the heart of Europe’s energy future. They drive electromobility, stabilize grids with renewable energy, 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 economy.”
According to the company, Twaice’s battery storage systems business nearly tripled in 2025. With this financing, the Munich startup aims to accelerate product development and expand its international customer base.
