TWAICE, a Munich-based analytics platform focused on battery energy storage operations, has secured €24 million in financing from the European Investment Bank to accelerate product development and expand deployments as Europe scales battery storage and electric mobility.
The funding is structured as a long-term venture debt loan and is backed by the InvestEU program. TWAICE said the financing will support growth as electrification drives rapid expansion across both battery energy storage systems and electric vehicle markets, increasing demand for predictive analytics and battery expertise.
TWAICE positions its software as “operations-grade” analytics designed to help grid-scale operators manage larger fleets with the same resources, while protecting safety, availability, and returns. The company says its platform supports real-time decision-making, predictive maintenance, and workflow automation, with the goal of moving operators from reactive troubleshooting to proactive, data-driven operations.
TWAICE argues that predictive analytics is increasingly essential as battery deployments grow, as it helps developers and operators anticipate degradation, optimize performance, and extend asset lifetimes. The company also says learning from real-time and historical data can support faster innovation in cell design, control software, and resource use, potentially improving performance and lowering total cost of ownership.
Alongside its energy storage analytics business, TWAICE operates a Battery Experts unit that works with battery companies and electric vehicle manufacturers on battery insights embedded into commercial products, ranging from cell-level analysis to in-life performance.
The company cited operational pain points in the battery storage sector as a driver of demand. Referencing results from its new BESS Pros Survey, TWAICE said 45% of operators experience unexpected on-site issues at least monthly. It also said its BESS business nearly tripled in 2025, reflecting rising demand for tools that help operators scale fleets safely and efficiently.
TWAICE reported performance outcomes across customer deployments, including an average 5% improvement in recoverable energy and a reduction in analyst time per asset of 80% to 90% through automated reporting and workflows.
The EIB framed the financing as part of its broader push to back technologies that support decarbonisation, energy independence, and resilient power systems, with batteries playing a central role in enabling electric mobility and supporting grids with higher penetration of wind and solar generation.
KEY QUOTES
“This long-term financing from the European Investment Bank helps us accelerate the growth we’re already seeing in our business. As storage operators scale their fleets, they need operations that scale with them. Built on deep battery expertise, we help teams improve performance and profitability while reducing manual effort.”
Dr. Stephan Rohr, Co-CEO, TWAICE
“Batteries sit at the heart of Europe’s clean energy future – powering electric mobility, stabilising grids with renewable energy and making our energy systems more resilient. By backing TWAICE, we are not only reinforcing Europe’s technological leadership in advanced battery analytics, we are also supporting innovation that enables smarter, more efficient use of clean energy across the economy. This investment is part of the EIB’s wider commitment to accelerate breakthrough technologies that drive decarbonisation, strengthen energy independence and help scale high-performing battery solutions in Europe and worldwide,”
Nicola Beer, Vice President, European Investment Bank
