TWAICE secures major backing from European Investment Bank
Munich-based software company TWAICE has obtained a €24 million loan from the European Investment Bank (EIB), giving a strong financial boost to its mission of advancing predictive battery analytics across Europe. The financing will help the company accelerate product development, expand its customer base and support the continent’s broader energy transition.
Scaling predictive battery analytics for the energy transition
TWAICE specializes in cloud-based battery analytics that use advanced data models and AI algorithms to monitor the health, performance and lifecycle of lithium-ion batteries. Its platform is used by manufacturers, energy companies and mobility providers to improve reliability, reduce maintenance costs and extend battery life.
The fresh capital from the EIB will enable TWAICE to scale its software suite for applications ranging from electric vehicles and energy storage systems to large-scale renewable energy projects. By providing accurate forecasts on battery degradation and performance, the company aims to make clean technologies more bankable and attractive to investors.
Strategic role in Europe’s clean energy ecosystem
The loan aligns with the European Union’s push to strengthen its domestic capabilities in battery technology and reduce dependence on fossil fuels. Reliable, data-driven insights into battery fleets are increasingly seen as critical infrastructure for integrating more solar and wind power into the grid.
With EIB backing, TWAICE is expected to deepen collaborations with automotive OEMs, energy utilities and grid operators across Europe. The company’s analytics can help optimize charging strategies, manage second-life batteries and support new business models such as battery-as-a-service.
As demand for electrification accelerates, the deal positions TWAICE as a key software player in Europe’s emerging battery value chain, underlining how sophisticated digital twins and predictive tools are becoming essential to the continent’s decarbonization agenda.