The global energy storage market is undergoing rapid expansion, driven by the surging demand for electric vehicles (EVs) and grid-scale battery solutions. According to BloombergNEF, energy storage installations saw an astonishing 76% growth in 2024 and are expected to increase tenfold by 2035. This expansion underscores the urgent need for battery safety, performance optimisation, and predictive maintenance solutions.
ACCURE Battery Intelligence, a German startup in AI-driven battery analytics, is addressing this challenge with its cutting-edge battery safety and performance software. The company recently announced a $16 million Series B funding round. This round follows the €7.2 million investment secured in 2023.
Funding to fuel global expansion
ACCURE’s oversubscribed Series B round was led by Incharge Capital Partners, a joint venture of Porsche SE and DTCP, with additional participation from BlueBear Capital, HSBC Asset Management, Riverstone Holdings, Capnamic, and 42CAP.
With this fresh infusion of capital, ACCURE plans to accelerate its expansion across Europe, the Americas, the Asia-Pacific region, and beyond. The funding will help the company scale its platform, meet rising global demand, and further innovate in AI-based battery analytics.
How this AI platform transforms battery management
ACCURE was founded in 2020 by Kai-Philipp Kairies, Dr. Johannes Palmer, and Dr. Georg Angenendt. It has developed a robust software platform that has already monitored and optimised more than six gigawatt-hours of energy storage systems and EV fleets worldwide. The platform monitors batteries, identifies potential issues, and recommends corrective actions to reduce the risk of an incident while maximising the financial performance of the asset.
These are the benefits of ACCURE’s technology:
- Prevents thermal runaway: AI-powered monitoring detects defective cells, imbalances, and state-of-charge issues before they escalate.
- Reduces downtime: Predictive maintenance anticipates potential failures, helping operators schedule interventions before costly disruptions occur.
- Battery health optimisation: Advanced analytics provide accurate state-of-charge and health assessments, extending battery lifespan.
- Enhanced insurance & bankability: By improving safety and reliability, ACCURE helps battery owners maintain warranty coverage and financial viability.
Future innovations
As battery technologies continue to evolve, ACCURE is actively developing new products and services to ensure that both existing and next-generation battery chemistries remain safereliable, and affordable.
With energy storage and EV adoption growing at an unprecedented pace, ACCURE is well-positioned to become a key enabler of the global energy transition. By leveraging AI-powered analytics, it is making batteries safer, more efficient, and financially sustainable—a crucial step toward a cleaner, more resilient energy future.
“We have entered the era of batteries, both for storage as well as propulsion in vehicles. The key to safe, reliable usage of batteries is advanced software that solves highly complex problems,” said Michael Schrezenmaier, Partner at Incharge Capital Partners. “ACCURE’s breakthrough predictive analytics software is a critical enabler for the safe and efficient proliferation of battery technology. We are thrilled to support their mission to meet the growing global demand for enhanced battery safety and performance.”
“ACCURE’s growth in North America has been nothing short of extraordinary, with a tremendous customer base established across CAISO and ERCOT and expanding rapidly in other regions,” said Carolin Funk, Partner at Blue Bear Capital. “As an AI-first company, ACCURE’s ability to tackle the critical challenges faced by battery operators is especially impactful, given the pivotal role these systems play in supporting the infrastructure that powers daily life.”
“With growing load demand, batteries are essential to maintaining safe, reliable, and robust grids worldwide,” said ACCURE CEO and Co-founder Kai-Philipp Kairies. “Our top priority is ensuring the safety of these assets within the communities they serve. By using data and predictive analytics, we are making battery safety accessible to everyone.”
