- Novum, a Dresden, Germany-based battery monitoring startup, raised 7-digit in funding
- Backers included Dr. Hettich Beteiligungen and High-Tech Gründerfonds
- The company also intends to use the funds to expand the product portfolio in the field of large-scale storage and 2nd life quick tests for the automotive industry
- Novum has developed a patented technology which makes large-scale battery storage monitoring possible offline
- Novum’s patented offline measurement procedure will become a product which will benefit the automotive industry as well as existing large-scale storage systems
- In addition to capacity, the residual value determination can also taken into account for determining suitable applications for used vehicle batteries
