BorgWarner is now the lead investor in a multimillion-dollar Series C capital raise by California-based Qnovo, according to a press release. The company develops adaptive charging algorithms and battery data analytics designed to improve lifetime battery performance and increase durability and safety.
Qnovo’s focus is on battery health monitoring and fast charging. The investment in Qnovo gives BorgWarner additional opportunities to expand its portfolio of battery solutions. Qnovo’s software offers numerous advantages such as preventive safety measures, faster charging and longer battery life. It also implements adaptive charging algorithms and forecasting tools in an application running on AutoSAR or a comparable vehicle operating system.
“BorgWarner sees a great opportunity in the strategic investment to work with Qnovo, as we can leverage their advanced battery management software well within our electrification portfolio,” said Harry Husted, chief technology officer, BorgWarner. “We look forward to supporting Qnovo as they enter the automotive industry and work together to provide battery solutions for electric vehicles.”
Based in Newark, California, Qnovo Inc. is on a mission to fundamentally improve the user experience by redefining the battery and its management. Battery chemistry processes are managed by Qnovo’s specialised software to improve battery safety, enable fast charging and optimise capacity utilisation; while increasing battery life. The software also provides a compelling solution for adaptive charging and advanced battery diagnostics.