Measurement instrumentation specialist Emerson has made a significant investment in EecoMobility, a start-up that concentrates on advanced battery testing and monitoring software designed for electric vehicles, energy storage systems, and various industrial applications. This investment is facilitated through Emerson Ventures, the company's dedicated corporate venture capital arm.
EecoMobility is at the forefront of developing AI-powered software and rapid battery analysis systems aimed at identifying potential defects in batteries that may lead to fires or impair performance. The firm's technology employs advanced characterization techniques alongside artificial intelligence, making it suitable for testing different configurations such as individual cells, modules, or entire battery packs. The software is described as having rigorously tested, self-learning algorithms that yield high-speed and accurate results while offering easy customization and efficient deployment.
As Thurston Cromwell, head of Emerson Ventures and vice president of development and innovation at Emerson, commented, “EecoMobility’s AI-driven software for fault detection and battery testing aligns with Emerson’s acquisition of NI and growing leadership in test and measurement technologies and expertise across the automotive sector.” He expressed optimism about the potential for EecoMobility to benefit from Emerson’s extensive experience in high-volume battery production testing, which is expected to enhance the start-up's product development and market penetration, particularly in the automotive, energy storage, and industrial technology realms.
Dr Saeid Habibi, chief executive officer of EecoMobility, added that the investment from Emerson Ventures, along with the anticipated collaboration with Emerson’s test and measurement business, would place EecoMobility in a stronger position to influence the electrification of transportation. He stated, "Given Emerson’s leadership in automation and commitment to sustainability, we are confident their support will help us expand the development and applications of our EecoPower technology, enable strategic partnerships and accelerate our growth."
In terms of funding, Emerson Ventures will co-invest alongside Automotive Ventures, RISC Capital, and a North American original equipment manufacturer (OEM), highlighting a broader interest in advancing technologies in battery testing and electric mobility. The investment underlines a growing trend within the industry towards integrating AI and automation to enhance safety, efficiency, and performance in electric vehicle technology.
Source: Noah Wire Services