Munich-based TWAICE secures €24 million EIB loan to scale predictive battery analytics for Europe’s energy transition

TWAICE, a Munich-based battery software company, has secured €24 million in financing from the European Investment Bank (EIB) to scale up its predictive battery analytics for Europe’s energy transition.

According to TWAICE, the financing will boost its growth as electrification rapidly expands in both battery energy storage and electric vehicle sectors, increasing the need for predictive analytics and advanced battery expertise. 

The company notes that predictive analytics enables battery developers foresee degradation, improve performance, and prolong lifespan. Analysing extensive real-time and historical data speeds up innovation in cell design, control software, and resource efficiency, enabling faster market introduction of better batteries at a lower total cost of ownership.

“This long-term financing from the European Investment Bank helps us accelerate the growth we’re already seeing in our business. As storage operators scale their fleets, they need operations that scale with them. Built on deep battery expertise, we help teams improve performance and profitability while reducing manual effort,” said Dr Stephan Rohr, co-CEO of TWAICE.

TWAICE was founded in 2018 by Stephan Rohr and Michael Baumann from a research project at the Technical University in Munich (TUM). It is the data analytics platform for growing battery energy storage operators. 

According to TWAICE, there is a growing demand for battery energy storage systems, as the share of power generation from solar and wind grows. This creates a new operational challenge: teams must run more assets with the same resources, while protecting safety, availability, and returns. TWAICE claims to help operators meet that challenge with operations-grade analytics that support real-time decision-making, predictive maintenance, and workflow automation.

Alongside its energy analytics platform, TWAICE operates a Battery Experts business that works with battery manufacturers and electric vehicle companies to integrate battery-related insights into commercial products, covering areas from cell-level analysis to in-use performance monitoring.

With the fresh capital, the company aims to accelerate product development and expand customer deployments globally. TWAICE reports that its battery energy storage systems business nearly tripled in 2025. 

Across customer deployments, the German startup reports delivering an average +5% improvement in recoverable energy and reducing analyst time per asset by 80–90% through automated reporting and workflows.

The EIB financing has been provided as a long-term venture debt loan, backed by the InvestEU programme.

Nicola Beer, Vice President of European Investment Bank, commented, “Batteries sit at the heart of Europe’s clean energy future – powering electric mobility, stabilising grids with renewable energy and making our energy systems more resilient. By backing TWAICE, we are not only reinforcing Europe’s technological leadership in advanced battery analytics, we are also supporting innovation that enables smarter, more efficient use of clean energy across the economy. 

“This investment is part of the EIB’s wider commitment to accelerate breakthrough technologies that drive decarbonisation, strengthen energy independence and help scale high‑performing battery solutions in Europe and worldwide.”

TWAICE has raised over €26.3 million ($90 million) in funding from leading investors, including Coatue, Energize Ventures, Creandum, Cherry, Speedinvest, and UVC. It supports clients from the energy storage industry, such as InterEnergy, RWE, BW ESS, Grupo Energy, Verbund, Fullmark Energy, MN8, among others. 

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