Twaice secures €24m EIB funding to expand predictive battery analytics

The European Investment Bank has agreed to provide €24 million venture financing to Twaice to support the scale-up of its predictive battery analytics business, according to a Twaice press release issued on 5 February.

The Twaice EIB financing is aimed at accelerating growth as electrification drives expansion across battery energy storage systems and electric mobility markets. The company develops analytics software based on real-time and historical battery data, enabling operators to anticipate degradation, optimise performance and extend asset lifetime across large and growing fleets.

Back in 2022, the German company raised 30 million dollars in additional Series B financing led by global investment firm Coatue. 

Twaice got financing from the EIB

Twaice positions its platform as an operations-grade tool supporting real-time decision-making, predictive maintenance and workflow automation for battery energy storage operators. As solar and wind generation capacity increases, the press release notes that operators are required to manage a rising number of assets while maintaining safety, availability and economic performance.

In addition to its energy storage analytics platform, Twaice operates a Battery Experts business that works with battery manufacturers and electric vehicle OEMs on cell analysis and in-life performance. The company reports that its battery energy storage systems business nearly tripled in 2025, reflecting growing demand for data-driven battery operations.

“This long-term financing from the European Investment Bank helps us accelerate the growth we’re already seeing in our business,” said Stephan Rohr, Co-CEO of Twaice. “As storage operators scale their fleets, they need operations that scale with them. Built on deep battery expertise, we help teams improve performance and profitability while reducing manual effort.”

“Batteries sit at the heart of Europe’s clean energy future – powering electric mobility, stabilising grids with renewable energy and making our energy systems more resilient. By backing Twaice, we are not only reinforcing Europe’s technological leadership in advanced battery analytics, we are also supporting innovation that enables smarter, more efficient use of clean energy across the economy. This investment is part of the EIB’s wider commitment to accelerate breakthrough technologies that drive decarbonisation, strengthen energy independence and help scale high‑performing battery solutions in Europe and worldwide,” said European Investment Bank Vice President Nicola Beer.