The health of an electric vehicle battery is not something that is easy to determine. But now, there’s a startup aiming to change that.
What’s happening:
- Seattle based electric vehicle battery data startup Recurrent has raised $16M USD in a Series A financing round
The big idea:
- Recurrent has built a technology that determines the health of electric vehicle batteries by providing an individual score to each battery
- Electric vehicle batteries degrade over time due to a multitude of factors including temperature, charging consistency and battery chemistry
- Recurrent offers detailed data and analytics on the overall health of a electric vehicle battery to help increase transparency in the used electric vehicle space
By the numbers:
- 25,000 electric vehicle owners have signed up to Recurrent to better understand the health of the battery in their car
- Over 100 car dealerships currently pay Recurrent to access their analytics
- Recurrent is able to assess the battery health of 65 different types of electric vehicles
- Since inception Recurrent has raised a total of $19M USD in venture capital funding
Going deeper:
- Recurrent is a spin out company from notable Seattle based startup studio Pioneer Square Labs
- Pioneer Square Labs has incubated companies such as Russell Wilson founded Tally, which was recently acquired by Nike (NYSE: NKE)
