Investment & Fund Management

Accure, a company based in Aachen, Germany, specializes in enhancing the intelligence and sustainability of batteries through data analytics technology. The primary challenge faced by Accure was securing financing to support their innovative vision of optimizing battery performance, particularly given the skepticism from investors regarding the potential of a research-driven startup. The company aimed to address the significant issue of short operating lifespans of lithium-ion batteries, which constitute 99% of the batteries in use today.

To tackle these challenges, Accure developed a platform capable of extracting and analyzing data from the battery management systems (BMS) embedded in batteries. This technology allows for the optimization of battery system design and operation, resulting in an increase in battery lifespan by up to 25%. The company monitors approximately 200,000 batteries globally, gathering data from diverse sources such as electric ships in Norway and solar storage units in Australia.

Accure received seed investment from 42Cap, a venture capital firm backed by the European Investment Fund (EIF). This funding was crucial for product development and launching commercial operations. The support from 42Cap not only provided financial resources but also valuable coaching, which was instrumental in helping Accure navigate the early stages of their business. The successful implementation of their technology positions Accure as a key player in the energy transition towards net zero, with aspirations for their innovations to be widely adopted in the industry.