Accure receives eight million US dollars

The Aachen-based company collects data from batteries to provide early warning of fires, warranty issues or recalls. Now the startup has closed its Series A funding round.

Founded in 2020, start-up Accure has raised eight million US dollars in its Series A funding round. The round is led by Blue Bear Capital from the US, with Capnamic Ventures and 42CAP also joining in. Both venture capitalists invest primarily in early-stage startups.

Accure emerged from RWTH Aachen University and is dedicated to the safe use and operation of batteries by collecting their data. "Accure Cloud is like Google Analytics for batteries," CEO Philipp Kairies explains the idea. "Without disrupting the physical processes of our customers, we take the data provided by each battery and analyze it." Specifically, Accure wants to use this to detect impending battery fires or predict recalls and warranty claims. That benefits home storage providers and utilities, for example, which are among the startup's customers.

The offering also convinced the main investor in the financing round, as Carolin Funk from Blue Bear Capital explains: "Accure has developed a much-needed product for battery management in a fast-growing market." And further: "Thanks to the SaaS solution, any battery system can be easily retrofitted. Accure is scaling quickly and at the right time to make its mark on this market."