Battery analysis provider Aviloo attracts further investment

The Austrian startup Aviloo is receiving further capital from Invest AG together with Raiffeisen KMU Invest AG. The battery analysis specialist intends to use the new funds to drive forward its international expansion.

Image: Aviloo

Aviloo has developed a manufacturer-independent diagnostic procedure for traction batteries in electric and plug-in hybrid vehicles. With the help of the capital increase in an unspecified amount, the Austrian company wants to expand its sales structure in addition to expanding into other countries. The focus is primarily on the USA and Asia.

Since Invest AG’s investment in May 2022, together with the EIC Fund (European Innovation Council), Aviloo has already expanded its distribution to France, the UK, the USA and Australia, among other countries. According to the company, it is now present in a total of 15 markets worldwide. In Germany, the startup works with the regulatory agencies GTÜ, ADAC, TÜV Süd and TÜV Nord, among others.

Aviloo currently offers two different tests – the “Flash Test” and the “Premium Test”. The latter test is a more complex procedure in which a test drive is carried out, during which the “Aviloo Box” can take detailed measurements of the respective vehicle battery. The “flash test” also uses the “Aviloo Box”, but the test is carried out within three minutes while the vehicle is stationary. To do this, the box reads several parameters from the vehicle and compares them with previously recorded comparative data from similar vehicles – from the “Premium Test”. The “flash test” is therefore intended for professional users such as leasing companies, car dealers and testing companies who want to test a large number of vehicles within a short space of time. The test drive makes the result more accurate.

“Since the first investment by Invest AG 18 months ago, our progress has been enormous. Not only have we maintained our undisputed global leadership position in EV battery diagnostics, but we have also significantly expanded it. In addition, we are proud to have gained further cooperation partners, including car and battery cell manufacturers,” says Marcus Berger, shareholder and CEO of Aviloo GmbH.

“Invest AG sees every investment not just as numbers, but also as an opportunity to promote innovation and progress. Aviloo embodies this spirit of change in the field of e-mobility,” says Christoph Hikes, CEO of Invest AG.

Source: Info via e-mail


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