NOVUM, a battery monitoring startup based in Germany, has secured an undisclosed 7 digit funding on 9th November 2020. The investors include High-Tech Gründerfonds (HTGF) and Dr. Hettich Beteiligungen.
They are planning to use the investment for expanding the product portfolio in the second life quick tests and large scale storage for the automatic industries. The NOVUM battery monitoring helps in bringing efficient use of your battery.
This newly raised investment will make the company’s patented offline measurement method into a product which will benefit the existing large scale storage and automotive industry. Now, the residual value determination will also be a part of the process of determining residual value determination. Earlier it was limited to accounting capacity for the value determination. The residual value determination helps in identifying the matching applications for the used vehicle batteries and the time they are going to last for.
The NOVUM technology
Shorter charging slots, energy efficiency, temperature monitoring, predictive maintenance, less weight, more service life and longer range; from these the users can select the added value of the application from their product system and they take care of remaining things. They utilize the existing data and power of AI for generating high quality battery data with their impedance spectroscopy process. This makes them flexible for implementing technical priorities and adapting user’s requirements and helps them to provide tailor made solutions for every use.
For battery optimizer businesses, it helps in increasing the efficiency of any large-scale storage system. With the monitoring you can reduce the weight and size of charge and battery 25% faster. They also have products for residential battery optimization that helps the customers to get reliable, energy efficient and durable home storage systems. Also with their EIS-LAB device or laboratory measurement, anyone can start their own impedance spectroscopy measurement series.
About NOVUM
NOVUM was founded in 2014 by Mandy Schipke and has their core expertise in battery state detection using a combination of neural networks, state dependent properties and battery chemistries. Their patented technology is what makes them unique and helps them in detecting this precisely at any time and place (even in the fields). This is because they have successfully made the laboratory measuring electrochemical impedance spectroscopy process light, robust and small for practical applications. They have also been awarded with high tech startup Europe GITR in 2017 and digital energy award in 2018. They aim at making the most out of systems in terms of performance, weight, range, reliability, energy, charging and economic efficiency.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
