ACCURE Raises $16 Million to Enhance AI Solutions for Battery Safety and Global Expansion

ACCURE Secures $16M to Enhance Global Expansion and Prevent Battery Fires

The global energy storage market is experiencing rapid growth, propelled by the increasing demand for electric vehicles (EVs) and large-scale battery solutions. According to BloombergNEF, energy storage installations witnessed an impressive 76% growth in 2024 and are projected to increase tenfold by 2035. This expansion highlights an urgent need for improved battery safety, performance optimization, and predictive maintenance solutions.

ACCURE Battery Intelligence, a German startup focused on AI-driven battery analytics, is tackling this challenge with its innovative battery safety and performance software. The company recently announced the successful completion of a $16 million Series B funding round, following a €7.2 million investment secured in 2023.

Funding to Fuel Global Expansion

ACCURE’s oversubscribed Series B round was led by Incharge Capital Partners, a joint venture between Porsche SE and DTCP, with additional participation from BlueBear Capital, HSBC Asset Management, Riverstone Holdings, Capnamic, and 42CAP.

With this new capital, ACCURE aims to accelerate its expansion across Europe, the Americas, the Asia-Pacific region, and beyond. This funding will enable the company to scale its platform, respond to rising global demand, and continue innovating in AI-based battery analytics.

Transforming Battery Management with AI

Founded in 2020 by Kai-Philipp Kairies, Dr. Johannes Palmer, and Dr. Georg Angenendt, ACCURE has developed a robust software platform that has already monitored and optimized over six gigawatt-hours of energy storage systems and EV fleets worldwide. The platform actively monitors batteries, identifies potential issues, and recommends corrective actions to minimize risks while maximizing financial performance.

The benefits of ACCURE’s technology include:

• Preventing thermal runaway: AI-powered monitoring detects defective cells, imbalances, and state-of-charge issues before they escalate.
• Reducing downtime: Predictive maintenance anticipates potential failures, allowing operators to schedule interventions before costly disruptions occur.
• Optimizing battery health: Advanced analytics provide accurate assessments of state-of-charge and health, extending battery lifespan.
• Enhancing insurance and bankability: By improving safety and reliability, ACCURE helps battery owners maintain warranty coverage and financial viability.

Future Innovations

As battery technologies continue to evolve, ACCURE is committed to developing new products and services to ensure that both existing and next-generation battery chemistries remain safe, reliable, and affordable. With the growth of energy storage and EV adoption at an unprecedented pace, ACCURE is poised to be a key player in the global energy transition. By leveraging AI-powered analytics, the company is making batteries safer, more efficient, and financially sustainable—an essential step toward a cleaner, more resilient energy future.

Michael Schrezenmaier, Partner at Incharge Capital Partners, emphasized, “We have entered the era of batteries, both for storage and propulsion in vehicles. The key to safe, reliable usage of batteries is advanced software that solves highly complex problems. ACCURE’s breakthrough predictive analytics software is a critical enabler for the proliferation of battery technology.”

Carolin Funk, Partner at BlueBear Capital, noted, “ACCURE’s growth in North America has been extraordinary, with a strong customer base established across CAISO and ERCOT, and rapid expansion into other regions. As an AI-first company, ACCURE’s ability to address critical challenges faced by battery operators is especially impactful.”

ACCURE CEO and Co-founder Kai-Philipp Kairies added, “With growing load demand, batteries are essential to maintaining safe, reliable, and robust grids worldwide. Our top priority is ensuring the safety of these assets within the communities they serve. By using data and predictive analytics, we are making battery safety accessible to everyone.”