To accelerate the development of its products, battery inspection technology firm EVident Battery has raised a $3.2-million seed round.
Ibex Investors led the round, which also had angel investors in the EV space, Nationwide Ventures, Automotive Ventures, and Avesta Fund.
Non-destructive EV battery pack testing technologies that are completed in less than two minutes have been created by EVident Battery. The firm asserts that non-cell faults previously went unnoticed without destructive deconstruction.
As an initial step towards commercialisation, EVident Battery has launched a trial product that will enable the business to expand deployment, enhance its AI models, and validate performance.
Jeff Peters, Ibex Investors’ Partner and Head of Mobility VC, will be joining the board of directors of EVident. “Car companies and startups care most about the health of cells in batteries. But an EV is more than a collection of cells,” he said. “EVident has created a unique diagnostic for the structural integrity of the battery pack as a whole. The possibilities this technology opens up for manufacturing quality control, ongoing monitoring, the used EV market, and ultimately end-of-life disposal get us really excited.”
As per Jinqiang Ning, EVident Battery CEO, “this funding will allow us to speed up our roadmap, commercializing battery inspection technology that not only performs highly but also responsibly.” “We aim to have a centralized EV battery database with full transparency and standardize EV battery inspection and maintenance.”
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