EVident Battery, a leader in sustainable and advanced battery technology, announced the closing of a $3.2 million seed funding round. This funding will support the company’s mission to accelerate the development of next-generation battery inspection solutions that address the uncertainty of EV battery pack health in the aftermarket and quality optimization in the battery pack manufacturing process.
The funding round was led by Ibex Investors with participation from Nationwide Ventures, Automotive Ventures, Avesta Fund and notable angels in the EV space, adding to an existing roster of automotive and battery expert advisors. And the funding will be instrumental in expanding EVident’s research and development initiatives, enhancing manufacturing capabilities, and driving forward strategic partnerships. The funding will also enable EVident to expand its team with additional experts in engineering, manufacturing and business development.
EVident Battery developed comprehensive and non-destructive EV battery pack inspection solutions powered by AI that execute in less than 2 minutes. And non-cell failures are detrimental to battery pack longevity and performance but have been previously undetectable without destructive teardown.
Insufficient inspection of those failures could lead to billions of dollars in loss in battery replacement. And with the new funding round, the company will further develop its inspection technology – which aims to deliver accurate and comprehensive information about battery pack conditions to various customers in the EV market.
EVident Battery launched its pilot product, bringing its rapid and non-destructive battery pack inspection technology into real-world use. And this pilot marks a key step toward commercialization, enabling the company to validate performance, refine its AI models, and scale deployment.
EVident Battery is focused on advancing battery inspection technology and supporting global efforts to reduce carbon emissions. And by providing solutions that meet the performance needs of modern mobility applications while minimizing environmental impact, EVident is poised to make a significant contribution to the clean energy economy.
KEY QUOTES:
“We are thrilled to benefit from the support of top automotive investors who share our vision to bring transparency and certainty to the EV market for a more sustainable future powered by innovative solutions. This funding allows us to accelerate our roadmap, bringing to market battery inspection technology that is not only high-performing but also environmentally conscious. Our goals are to standardize EV battery service and inspection and to build a centralized EV battery database for full transparency.”
– Jinqiang Ning, CEO of EVident Battery
“We are at a pivotal moment in the world’s transition to electric vehicles. In this rapidly evolving sector, the reliability and performance of battery packs are critical issues for manufacturers, service providers, and consumers. Developing safer and higher-performing batteries is a critical step in the journey of electrifying transportation. EVident’s team has demonstrated a clear path to revolutionizing battery inspection technology, which is essential for a sustainable future.”
– Steve Greenfield, General Partner at Automotive Ventures
“Most attention from automakers and startups is focused on cell-related battery state of health. However, an EV is much more than a collection of cells. EVident has created a highly unique diagnostic for the structural integrity of the entire battery pack. We are incredibly excited about the opportunity this technology unlocks in manufacturing quality control, on-going monitoring, the second-hand EV market, and ultimately end-of-life disposition.”
– Jeff Peters, Partner and Head of Mobility VC at Ibex Investors is joining the Board of Directors
