Funding from the seed investment round will be invested also into the establishment of an independent laboratory and expansion of the team. HighSage Ventures, Vireo Ventures, Rishi Khosla, Plug & Play Ventures, and Electric Revolution Ventures took part in the round.
Trading since 2022, About:Energy is a spin-out from Birmingham University and Imperial College London. Launched earlier this year, The Voltt, addresses the engineering challenges brought about by widespread electrification, as building products with batteries requires accurate modelling of how a battery generates heat, fast charges, and ages over its lifetime.
The Voltt offers a library of commercially available cells and their attributes alongside advanced modelling capabilities. According to the company, this will improve decision-making around battery design by simplifying cell selection, improving performance evaluation, and providing detailed insights into battery behaviour to optimise the use of electric vehicles.
The product is currently being used by cell manufacturers, battery system developers, and automotive OEMs globally.
In a statement, Gavin White, co-founder and CEO of About:Energy, said, "Our focus for the next 12 months is to establish About:Energy as a leading battery data and software company, and to leverage the power of The Voltt to drive innovation and efficiency in the industry. This investment will enable us to integrate the latest battery research from our partnering institutions, creating a comprehensive solution for battery design and optimisation."
About:Energy’s laboratory London will enable the company to understand the lifetime of hundreds of different batteries and their impact on the environment, by collecting data on performance, cost, and carbon intensity and provide industry with a dataset that can optimise battery design holistically.
Professor Emma Kendrick, Professor of Energy Materials at Birmingham’s School of Metallurgy & Materials, commented, “This investment will enable further knowledge transfer in characterisation from academic partners and allow A:E to grow their high accuracy testing methods and procedures, providing data for the Voltt, and tailored solutions for sustainable battery design, manufacturing and integration.”
The battery industry is expected to grow to $950bn by 2030, with global battery production estimated to reach 4.7GWh and 27,000 companies building electrified applications.
Project REvAR aims for energy and clean water from sewage
I struggled to find much detail about <i>this</i> project but it seems to have similarities to another report from 2022...