CEO Dr Gordon Povey said: “We are seeing significant growth in the lithium-ion battery markets, driven largely by increasing sales of electric and hybrid cars. Even large Li-ion battery systems require battery management technology and, over the last two years, we have been developing technology that has now been demonstrated in a road going vehicle.
“We will use this investment to enhance our technology, orient the company for volume production and build our commercial pipeline.”
The technology – called Evoic – is said to be chemistry agnostic and capable of running advanced cell models without creating data or processing bottlenecks. According to the company, the technology supports any battery pack size and the implementation of differing charging and power delivery requirements and passive and active balancing.
