Twaice has secured a €24 million funding commitment from the European Investment Bank (EIB) to accelerate its expansion into battery energy storage systems (BESS), as demand for stationary storage rises alongside the growth of renewable energy.
The financing takes the form of a long-term loan backed by the InvestEU programme and is aimed at supporting Twaice’s growth beyond its original focus on electric vehicle batteries. Founded in 2018, the Munich-based company developed predictive analytics software that assesses battery health, forecasts remaining lifespan and detects degradation. Its early customer base included automakers such as Audi and Mercedes-Benz.
Twaice now plans to scale its technology for use in stationary battery storage, which is increasingly deployed as intermediate storage for solar power, buffer systems for electric vehicle charging infrastructure, industrial peak shaving and backup power supply. The company said its analytics enable early detection of degradation, improved performance and longer battery lifetimes, helping to lower operating costs and improve safety.
“The long-term financing from the EIB helps us further accelerate the growth we are already seeing,” said Stephan Rohr, co-chief executive of Twaice. “As storage operators expand their fleets, they need operations that scale with them,” he added, noting that the company’s software is designed to reduce manual effort while improving performance and profitability.
See also: Karma Automotive Partners With Factorial on U.S. Solid-State Battery Production
The move comes as investment in stationary battery storage gathers pace across Europe and beyond, driven by the rising share of wind and solar power in electricity systems. New entrants have stepped into the market, while existing players are expanding capacity, increasing competition and operational complexity.
Twaice said its BESS-related business nearly tripled in 2025, but growth in the sector has also brought challenges. In a recent survey conducted by the company among BESS professionals, 45% of operators reported experiencing unexpected on-site issues at least once a month. Twaice said its analytics platform is intended to address these problems by enabling real-time decision-making, predictive maintenance and automated workflows.
See also: CATL, BYD Retain Over 55% Share of Global EV Battery Market in 2025 – SNE Research
As battery storage becomes a core component of future energy systems, alongside technologies such as bidirectional charging, Twaice is positioning itself as a software provider that supports the reliable and cost-efficient operation of large-scale storage fleets.
