FovaEnergy, started out in Boston, the United States in 2020, raised a million US dollars in a seed funding round from Zhen Fund last December, and millions of US dollars during a seed+ round of financing from Shunwei Capital early this year.
The company focuses on medium and long term battery health prediction, and its core product is an AI based management platform responsible for analyzing battery life cycle data to help deal with health risks, improve safety, and enhance the working life of batteries.
FovaEnergy is a latecomer in the battery data analysis market, but has stood out with its unique, competitive technology.
Fova Energy can effectively predict a battery’s working life through a small amount of test data, providing a more accurate battery classification strategy for screening out low-quality batteries prior to sale. In the after-sales stage, it predicts the medium and long-term health status of cells according to the data of the battery in use.
The company’s products have entered market, and it has launched the third round of fundraising for further marketing.
“We hope we can dabble in the upstream and downstream sectors revolving around battery safety,” said the CEO Miao Shi.
