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The European Investment Bank is providing the battery startup Twaice with 24 million euros. With the long-term loan, the Munich startup aims to accelerate its product development and grow internationally.

For the third time, startups have the chance to advance their solutions for greater sustainability as part of the Amazon Sustainability Accelerator and test their technology together with Amazon. 15 startups from across Europe were selected from hundreds of applicants for the four-week funding program – including Munich-based startup Twaice.

Munich-based startup Twaice offers predictive analytics software that optimizes both battery development and operation through an AI-powered platform. Founded in 2018 by Stephan Rohr and Michael Baumann, the startup was supported by prominent investors from the outset. Twaice has since raised over 60 million euros across multiple funding rounds, established offices in Chicago and Paris, and built a global customer base in industry. In 2023, the young company opened a battery laboratory in Munich with Vispiron, an automotive supplier.

Software startup Twaice and R&D service provider Vispiron Systems have opened the joint Munich Battery Lab. The battery laboratory is designed to analyze battery behavior and optimize their development. The goal is to develop environmentally friendly and future-oriented mobility.