Qnovo Closes $24M in Series C Financing
- Qnovo, a Newark, CA-based battery management software provider, raised $24M in Series C funding
- The round was led by BorgWarner with participation from OGCI Climate Investments, Constellation Technology Ventures, U.S. Venture Partners and RockPort Capital
- The company intends to use the funds to scale their software products into EV production, and support growing demand from grid stationary storage systems
- The company provides a management predictive analytics software to improve battery performance with enhanced health and safety
- By augmenting battery chemistry with computation and learning software, the system enables batteries to safely charge faster with extended longevity
- The company, which is in advanced vehicle qualifications with several global passenger and commercial electric vehicle (EV) manufacturers, has global support offices in Asia and Europe
