BorgWarner Completes Investment in Qnovo Inc., Enhancing Battery Management Capabilities
BorgWarner announced its lead investment in Qnovo, Inc., a Silicon Valley software company specializing in battery management, as part of a multi-million-dollar Series-C capital raise on January 11, 2022. This strategic partnership aims to enhance BorgWarner's battery solutions portfolio, focusing on battery health, fast charging, and extended battery life. Qnovo's software facilitates adaptive charging algorithms, promising improved safety and longevity for electric vehicle batteries. This investment aligns with BorgWarner's commitment to sustainable mobility solutions in the evolving electric vehicle market.
- Lead investor in Qnovo's multi-million-dollar Series-C capital raise.
- Enhances BorgWarner's capacity in battery solutions and electrification portfolio.
- Qnovo's technology offers predictive safety measures and faster charging.
- None.
AUBURN HILLS, Mich., Jan. 11, 2022 /PRNewswire/ -- BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, today announced its investment in Qnovo, Inc., a privately held, Silicon Valley-based software and controls company. BorgWarner is the lead investor for Qnovo's multi-million-dollar Series-C capital raise.
With Qnovo's focus on battery health measurement and fast charging, the investment deepens BorgWarner's capacity to further its battery solutions portfolio by partnering with Qnovo. The intelligent software offers multiple benefits, including predictive safety measures, faster charging and extended battery life. Additionally, Qnovo's software implements adaptive charging algorithms and predictive tools into an application that runs on AutoSAR or an equivalent vehicle operating system.
"BorgWarner sees a great opportunity with our strategic investment to collaborate with Qnovo, allowing us to leverage its advanced battery management software in our electrification portfolio," said Harry Husted, Chief Technology Officer of BorgWarner. "We look forward to partnering with Qnovo as they enter the automotive industry to provide battery solutions to the electric vehicle market."
Qnovo Inc., based in Newark, California, is committed to fundamentally improving the user experience by reimagining the battery and how it's managed. Augmenting battery chemistry with the company's unique battery management intelligence software results in Qnovo's ability to enhance battery safety, enable fast charging, expand longevity and increase capacity utilization without compromise. When combined with fleet monitoring, the software delivers a compelling solution for adaptive charging and advanced battery pack diagnostics.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 96 locations in 22 countries, the company employs approximately 50,000 people worldwide. For more information, please visit borgwarner.com.
About Qnovo
Qnovo is reinventing one of the most basic foundations of energy storage and mobility – the battery and how it is charged. Qnovo develops patented adaptive charging algorithms and battery data analytics that improve lifetime battery performance with enhanced health and safety. By augmenting battery chemistry with computation and learning software, Qnovo enables batteries to safely charge faster, with more daily use and longer lifespan. Learn more about lithium-ion batteries by following their blog.
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