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Emerson Ventures Invests in EECOMOBILITY

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Emerson (NYSE: EMR) has made a strategic investment through Emerson Ventures in EECOMOBILITY, a startup specializing in advanced battery testing and monitoring software for EV, energy storage, and industrial markets. EECOMOBILITY's AI software focuses on rapid battery testing and defect identification that could lead to fires or performance issues.

The investment aligns with Emerson's recent NI acquisition and strengthens its position in test and measurement technologies. EECOMOBILITY's platform-agnostic software supports standalone applications and customer solution integration, featuring self-learning technology for high-speed, accurate results. Emerson Ventures will co-invest alongside Automotive Ventures, RISC Capital, and a North American OEM.

Emerson (NYSE: EMR) ha effettuato un investimento strategico tramite Emerson Ventures in EECOMOBILITY, una startup specializzata nel testing e nel monitoraggio avanzato delle batterie per i mercati EV, di stoccaggio energetico e industriali. Il software AI di EECOMOBILITY si concentra su test rapidi delle batterie e sull'identificazione di difetti che potrebbero causare incendi o problemi di prestazioni.

L'investimento è in linea con la recente acquisizione NI da parte di Emerson e rafforza la sua posizione nelle tecnologie di test e misurazione. Il software di EECOMOBILITY, indipendente dalla piattaforma, supporta applicazioni autonome e integrazione di soluzioni per i clienti, presentando una tecnologia autoapprendente per risultati rapidi e accurati. Emerson Ventures co-investirà insieme a Automotive Ventures, RISC Capital e un OEM nordamericano.

Emerson (NYSE: EMR) ha realizado una inversión estratégica a través de Emerson Ventures en EECOMOBILITY, una startup especializada en la prueba y el monitoreo avanzado de baterías para los mercados de vehículos eléctricos (EV), almacenamiento de energía e industrial. El software de inteligencia artificial de EECOMOBILITY se concentra en pruebas rápidas de baterías e identificación de defectos que podrían provocar incendios o problemas de rendimiento.

La inversión está alineada con la reciente adquisición de NI por parte de Emerson y refuerza su posición en tecnologías de prueba y medición. El software de EECOMOBILITY, independiente de la plataforma, apoya aplicaciones autónomas e integración de soluciones para los clientes, presentando tecnología de autoaprendizaje para resultados rápidos y precisos. Emerson Ventures co-invertirá junto a Automotive Ventures, RISC Capital y un OEM de América del Norte.

Emerson (NYSE: EMR)는 전기차(EV), 에너지 저장 및 산업 시장을 위한 고급 배터리 시험 및 모니터링 소프트웨어를 전문으로 하는 스타트업인 EECOMOBILITY에 Emerson Ventures를 통해 전략적 투자를 했습니다. EECOMOBILITY의 AI 소프트웨어는 빠른 배터리 테스트와 화재나 성능 문제를 유발할 수 있는 결함 식별에 중점을 두고 있습니다.

이번 투자는 Emerson의 최근 NI 인수와 일치하며, 시험 및 측정 기술에서의 위상을 강화합니다. EECOMOBILITY의 플랫폼 독립적인 소프트웨어는 독립형 애플리케이션과 고객 솔루션 통합을 지원하며, 고속 정확한 결과를 위한 자기 학습 기술을 특징으로 합니다. Emerson Ventures는 Automotive Ventures, RISC Capital 및 북미 OEM과 함께 공동 투자할 것입니다.

Emerson (NYSE: EMR) a réalisé un investissement stratégique par le biais d'Emerson Ventures dans EECOMOBILITY, une startup spécialisée dans les logiciels avancés de test et de surveillance des batteries pour les marchés des véhicules électriques (EV), du stockage d'énergie et de l'industrie. Le logiciel d'IA d'EECOMOBILITY se concentre sur des tests rapides des batteries et l'identification de défauts pouvant entraîner des incendies ou des problèmes de performance.

L'investissement est en adéquation avec l'acquisition récente de NI par Emerson et renforce sa position dans les technologies de test et de mesure. Le logiciel indépendant de la plateforme d'EECOMOBILITY prend en charge des applications autonomes et l'intégration des solutions pour les clients, avec une technologie d'auto-apprentissage pour des résultats rapides et précis. Emerson Ventures co-investira aux côtés d'Automotive Ventures, de RISC Capital et d'un OEM nord-américain.

Emerson (NYSE: EMR) hat über Emerson Ventures eine strategische Investition in EECOMOBILITY getätigt, ein Startup, das sich auf fortgeschrittene Test- und Überwachungssoftware für Batterien in den Märkten für Elektrofahrzeuge (EV), Energiespeicherung und Industrie spezialisiert hat. Die KI-Software von EECOMOBILITY konzentriert sich auf schnelle Batterietests und die Identifizierung von Mängeln, die zu Bränden oder Leistungsproblemen führen können.

Die Investition steht im Einklang mit der jüngsten Akquisition von NI durch Emerson und stärkt die Position in der Test- und Messtechnik. Die plattformunabhängige Software von EECOMOBILITY unterstützt eigenständige Anwendungen und die Integration von Kundenlösungen und bietet selbstlernende Technologien für schnelle und präzise Ergebnisse. Emerson Ventures wird gemeinsam mit Automotive Ventures, RISC Capital und einem nordamerikanischen OEM investieren.

Positive
  • Strategic expansion into EV and battery testing market through EECOMOBILITY investment
  • Strengthens Emerson's test and measurement capabilities following NI acquisition
  • Partnership enables market reach expansion in automotive, energy storage, and industrial sectors
Negative
  • None.

Insights

The strategic investment in EECOMOBILITY represents a calculated move into the high-growth EV battery testing market. While the investment amount remains undisclosed, the deal's significance lies in its strategic alignment with Emerson's recent 8.2 billion NI acquisition and expansion into automotive testing solutions.

The partnership brings three key advantages:

  • Access to proprietary AI-driven battery testing technology that can detect defects across multiple battery configurations
  • Enhanced market positioning in the rapidly growing EV and energy storage sectors
  • Potential revenue synergies through integration with Emerson's existing test and measurement business

Co-investors including an unnamed OEM and specialized automotive funds add credibility to the investment thesis and suggest strong commercial potential. However, the impact on Emerson's near-term financials will likely be minimal given the early-stage nature of the investment.

Strategic investment supports advanced AI software for rapid production testing of batteries

ST. LOUIS, Nov. 19, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in EECOMOBILITY, a startup that specializes in advanced battery testing and monitoring software for electric vehicle, energy storage and industrial markets.

EECOMOBILITY builds AI software, rapid battery testing and characterization systems designed to identify defects that may lead to fires or performance issues. Combining advanced characterization techniques and AI, EECOMOBILITY's solutions portfolio can be applied at the cell, module or full battery pack level, making the company a key asset in the automotive sector.

"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," said Thurston Cromwell, head of Emerson Ventures and vice president of development and innovation at Emerson. "Our experience in high-volume battery production testing will help accelerate EECOMOBILITY's product development and market reach, especially in the automotive, energy storage and industrial technology sectors."

EECOMOBILITY specializes in AI and offers platform-agnostic software that supports both standalone applications and seamless integration into customer solutions, regardless of cloud or hardware infrastructure. The software features rigorously tested, self-learning technology to ensure high speed, accurate results, easy customization and rapid deployment.

"With this investment from Emerson Ventures and anticipated collaboration with Emerson's Test and Measurement business, EECOMOBILITY will be better positioned to transform transportation electrification," said Dr. Saeid Habibi, chief executive officer of EECOMOBILITY. "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."

Emerson Ventures will co-invest with Automotive Ventures, RISC Capital and a North American OEM (original equipment manufacturer).

About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world's essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.

About EECOMOBILITY
EECOMOBILITY is a startup from McMaster University's Centre for Mechatronics and Hybrid Technology, specializing in Artificial Intelligence (AI). EECOMOBILITY has developed advanced testing and monitoring software tailored for the automotive, energy storage, industrial and manufacturing sectors.

Their flagship product line, EECOPower, offers rapid battery cell and module testing and characterization systems designed for lithium-ion battery pack production. These systems are transformative for the automotive industry, capable of detecting defective batteries that can cause fires and performance issues. EECOPower utilizes advanced characterization techniques combined with AI, applicable to battery cells, modules and packs. For more information, visit EECOMOBILITY.

Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impacts of the Russia-Ukraine and other global conflicts, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

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SOURCE Emerson

FAQ

What company did Emerson (EMR) invest in through its venture capital arm?

Emerson invested in EECOMOBILITY, a startup specializing in advanced battery testing and monitoring software for electric vehicle, energy storage and industrial markets.

What technology does EECOMOBILITY provide to Emerson (EMR)?

EECOMOBILITY provides AI-driven software for fault detection and battery testing, including rapid battery testing and characterization systems designed to identify defects that may lead to fires or performance issues.

Who are the co-investors with Emerson (EMR) in EECOMOBILITY?

Emerson Ventures is co-investing with Automotive Ventures, RISC Capital, and a North American OEM (original equipment manufacturer).

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