What does EVident Battery do?
EVident Battery develops cutting-edge, sustainable battery technology focused on creating advanced non-destructive inspection solutions for EV battery packs that leverage AI to deliver fast and accurate assessments.
How much did they raise?
The company raised $3.2M in Seed funding, led by Ibex Investors with participation from Nationwide Ventures, Automotive Ventures, Avesta Fund, and angel investors.
What are their plans for the money?
The funds will be used to accelerate research and development initiatives, enhance manufacturing capabilities, drive strategic partnerships, and expand the team with experts in engineering, manufacturing, and business development. This investment is expected to pave the way for the commercialization of its innovative battery inspection technology.
What have they achieved so far?
EVident Battery has already developed a comprehensive, non-destructive EV battery pack inspection system that delivers results in less than two minutes, and has launched a pilot product that validates its technology's performance and refines its AI models for future scalability.
