About:Energy raises £1.5m for battery data

About:Energy raises £1.5m for battery data

Business news |
By Nick Flaherty

UK startup About:Energy has raised £1.5m (€1.8m) to roll out Voltt proprietary software platform around the world.

The round includes HighSage Ventures, Vireo Ventures, OakNorth Bank CEO Rishi Khosla, Plug and Play Ventures, and Electric Revolution Ventures

The technology-agnostic Voltt workflow speeds up decision-making around battery selection, design and supply, saving time and resources with tools from Ansys, AVL and Siemens. It centralises the hard-to-obtain data necessary for virtual prototyping, a rapidly popularising approach in the industry. This data enables companies to make informed decisions about battery design, from materials and cells to entire systems.

The company focuses on building a portfolio of battery measurement and modelling capabilities to deliver a comprehensive software solution for battery design. A comprehensive library of commercially available cells and their attributes alongside advanced modelling capabilities supports informed design decisions which save time and resources.

The funds will also be used to scale their battery lab in London and expand the team. The round also included participation from Theodo CTO Fabrice Bernhard, Coltrane Asset Management Partners’ Laura Webster, Mandeep Manku, Nick Banner, among many others.

The battery industry is expected to grow to $950 billion by 2030, with global battery production estimated to reach 4.7 GWh and 27,000 companies building electrified applications.

Voltt is currently being used by cell manufacturers, battery system developers, and automotive OEMs around the world. The investment round will enable About:Energy to accelerate the adoption of this platform within the industry, while also accessing research from top institutions such as Imperial College London, the University of Birmingham, and The Faraday Institution. It expects to add research from two other universities. 

“Our partnership with About:Energy highlights the importance of innovation in the UK and our commitment to partnering with emerging leaders to shape the future of mobility. We look forward to supporting About:Energy to scale throughout the global Plug and Play ecosystem,” said Kieran Borrett, Plug and Play UK Director.

“Our focus for the next 12 months is to establish About:Energy as a leading battery data and software company, leveraging the power of The Voltt to drive innovation across industry. This investment will enable us to integrate the latest research from our partnering institutions, creating a comprehensive solution for battery design and optimisation,” said Gavin White, Co-Founder and CEO of About:Energy.


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