Dealflow | June 8, 2018

Anzu Partners backs battery analytics startup Voltaiq

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 8 – Better batteries and energy storage systems are increasingly important as green technologies such as wind and solar energy and electric vehicles become more common.

Battery data and analytics firm Voltaiq provides data management, analytics and visualization tools for car makers, consumer electronics companies and others that use batteries. The company says its tools can speed up product development, boost performance, and increase safety and reliability of batteries.

“Batteries are often the most expensive component of electronics and electric vehicles, and proper analytics is essential to the development process,” says Simin Zhou of UL Ventures, which backed Voltaiq’s Series A funding round.

  • Early backers… Voltaiq’s $6.6 million round was backed by Anzu Partners, Bee Partners, and SJF Ventures in addition to UL.

“With rapid battery price declines, we will see even more [solar power] installed on the grid, in vehicles, and in devices,” SJF’s Dave Kirkpatrick said. “For all of these applications, Voltaiq’s software is helping engineers to improve safety and reliability while reducing cost.”