Bee Partners is pleased to announce our investment in Voltaiq, a team that is revolutionizing how transportation, energy storage, and electronics companies ensure performance, predictability and reliability in the battery systems that power their products. See coverage in Pitchbook, Greentech Media, and PR Newswire.
Battery technology has emerged as the clear front-runner in the sustainable energy revolution. Many countries around the world, including Britain, China, France, India, and Norway have announced plans to ban sales of fossil-fuel powered vehicles by 2040 in favor of electric or hybrid vehicles. In the meantime, wind, solar, and other renewable energy sources are growing rapidly and will require energy storage technology for effective grid-scale operation. It is estimated that these two trends will drive a tenfold increase in global lithium-ion battery production to more than 200 GWh within a decade.
Despite these increases in lithium-ion battery usage, most companies are still using manual, ad hoc methodologies to manage and analyze their battery data in order to meet performance and reliability goals. Voltaiq’s founders, Tal Sholklapper (CEO), Eli Leland (CPO) and Ethan Leland (CTO), had a vision to apply their extensive experience in the battery industry to reimagine how companies could leverage enterprise data management and advanced analytics to accelerate product development, improve performance and ensure long-term reliability for every battery design.
Since we first supported Voltaiq back in 2015, the company has successfully placed their solutions across Fortune 500 companies, leading universities and cutting-edge battery OEMs. Today, we are pleased to celebrate Voltaiq’s achievement in closing their $6.6M Series A round of funding with co-investors Anzu Partners, SJF Ventures and UL Ventures.
Voltaiq is one of our 19 UC Berkeley team investments. At Bee Partners, we are a (very) small team, and we’ve devoted significant human and capital resources to UC Berkeley because we consistently discover brilliant, innovative thinking from fellow Bears. We are excited to support Voltaiq’s team of thinkers by participating in their $6.6M Series A milestone, and to partner to support their ideas for years to come.
For any of you with ties to the automotive, energy storage or electronics industry, either as executives or engineers, we encourage you and your team to request a demo and see how Battery Intelligence™ can transform how you use your battery data.