HSBC Asset Management
Assembly Line
🔋 ACCURE Battery Intelligence Secures €7.2 Million Investment
ACCURE Battery Intelligence, the leading provider of predictive analytics software to ensure battery safety, performance and extended life for energy storage, electric vehicles, and other applications, today announced it has secured a €7.2 million ($7.8 million) investment. The round was led by Blue Bear Capital and HSBC Asset Management, and included Riverstone Ventures and Capnamic Ventures. The funding will enable ACCURE to accelerate its growth and provide comprehensive battery asset health and monitoring solutions to businesses worldwide across energy, electric vehicles, transit, marine, insurance and other industries.
ACCURE’s predictive analytics platform uses AI, field data and modeling to detect irregular battery cell behavior and provide an independent third-party view of battery health. The platform gives fleet operators and energy storage providers more control and weeks of lead time to address critical issues, ensuring battery systems run safely and at claimed manufacturer levels, maximizing asset value. ACCURE’s solutions have led to the prevention of over 50 battery incidents and have significantly increased the performance and output of utility-scale storage systems around the world.