TWAICE – an ESA BIC Bavaria incubatee – was one of 10 winners of the European Startup Prize for Mobility held in Brussels on 11 April 2019.
In the presence of H.S.H. Prince Albert of Monaco, TWAICE was presented the gold prize which was created to support European startups developing innovations in sustainable mobility.
The Munich-based company develops digital twins for companies along the battery value chain. Its mission is to enable reliable, long lasting and sustainable applications of Li-ion batteries. Although the battery system is the most expensive component of e-vehicles, the current condition and remaining lifetime can only be determined with great difficulty and uncertainty. By leveraging digital twins, TWAICE’s software enables customers to analyse the condition of lithium-ion batteries in electric vehicles in real-time and to predict their lifetime. Furthermore, optimisation of technical parameters on the basis of the proprietary software allows for a significant extension of battery lifetime.
Indeed, TWAICE supports enterprises across all industries. It was founded in 2018 as a spin-off from Technical University of Munich and is also headquartered in Munich.
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About ESA BIC Bavaria
ESA Business Incubation Centre (BIC) Bavaria promotes companies with disruptive products and digital businesses in areas such as robotics, mobile, mobility, automotive, aviation, satellites, etc. Since 2004, AZO has supported more than 155 startups with its ESA BIC Bavaria to date with an annual turnover of around EUR 150 million in 2018, creating more than 2,000 high-tech jobs in Bavaria and involving more than EUR 50 million in venture capital in 2018. What’s more, the first IPO of an ESA BIC alumnus took place in 2017. ESA BIC Bavaria is one of the most successful incubation programmes in Europe. For more information, please visit www.esa-bic.de