Twaice & Analog Devices launch cooperation
The Munich-based battery analytics specialist Twaice is cooperating with Analog Devices, a global semiconductor company and provider of software solutions. The aim of the cooperation is to provide a holistic lifecycle solution for car manufacturers with integrated hardware and software.
Until now, the condition of batteries can often only be guessed at. Twaice and Analog Devices now want to develop a system that will help to significantly reduce warranty risks and recalls, optimise battery life and increase the value of batteries. To this end, Twaice is contributing its battery analysis software and the US company its advanced sensor technology and wireless connectivity.
The envisioned solution will provide “state-of-the-art battery measurements via a wireless battery management system” and integrate hardware and software components accordingly. Twaice explains that the sensor technology from Analog Devices provides data and a data quality that has not been available until now. The Munich-based company also wants to provide “crucial insights into the battery performance desired by car companies around the globe”. According to the partners, the forecasts made possible by the data analysis allow “qualified statements at any point in the battery’s life cycle regarding its value and usability”.
“The battery is the energy source for every electric vehicle, and it is also a valuable asset,” said Patrick Morgan, vice president of automotive at Analog Devices. “Together with Twaice, we are delivering innovative holistic solutions across battery lifetimes that create significant value for our customers and support a circular economy.” Analog Devices is best known for its analogue mixed-signal and digital signal processing solutions used in a wide range of electronic devices. But the Americans have also gained a foothold in the market for battery management solutions.
Twaice has been committed to evaluating battery performance and life for some time now. “Precise data combined with advanced predictive battery analytics will shed light on what is critical to unlocking undiscovered potential along the entire value chain,” says Stephan Rohr, co-CEO of Twaice, referring to the new partnership.
“The collaboration with Analog Devices is a decisive milestone for us in widening the approach to major customers and a global market launch of newly developed products, as the company has decades of market expertise and a large sales organization in the automotive and energy industries,” adds co-CEO Michael Baumann.
In principle, the Munich-based company’s predictive battery analytics software is suitable for optimising both the development and operation of lithium-ion batteries. The core technology is the digital twin – software that uses artificial intelligence to determine battery condition and predict ageing and performance. Twaice’s customers include Audi and Daimler. Twaice also offers corresponding insurance solutions through partners such as MunichRe, certifications with TÜV Rheinland and fleet management services with ViriCiti.
Since December 2020, the Munich-based company has been operating its own laboratory in Schwabing-Freimann. The real data from the lab will be used to further improve the predictive battery analytics software and adapt it to new battery types. Previously, Twaice was dependent on partner institutes for this.
In May, Twaice also announced the closing of a new financing round for 26 million US dollars. The company intends to use the new funds primarily to expand its analytics platform and drive its international expansion. According to Stephan Rohr, Twaice now wants to venture into the USA, among other places.
With reporting by Cora Werwitzke, France.