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Qnovo: Closes $24M in Series C Financing

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
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