Breathe, the fast-growing British supplier of physics-based battery software, has now received $21 million funding from several VC investors. The previous investors Lowercarbon Capital, a California-based green investment company, and Swedish Volvo Cars Tech Fund have now been joined by Kinnevik AB, a Swedish multi-investment company.
The funding will give Breathe muscle to expand its physics-based battery software capabilities, and to more than double the size of its London laboratory.
Breathe will also carry through a major expansion of its product portfolio, transforming the company’s offerings from an embedded software solution to a comprehensive suite of battery simulation software.
Three new products are to be launched: Breathe Model, Breathe Map, and Breathe Design. Together they should form a comprehensive expanded battery software toolchain that enables customers to design, validate and optimise better batteries.
Dr. Ian Campbell, CEO of Breathe commented: “Our software toolchain improves EV charging for end-users and helps manufacturers cut costs, reduce risk, and accelerate battery system development.”
Sam Marsden, Investment Manager at Kinnevik AB said: “Battery performance continues to be a driver of poor user experience and lower adoption within the electric vehicle and consumer electronics markets. A growing number of partners, e.g. Volvo and Oppo, are realising that Breathe’s technology is fundamental. Kinnevik is thrilled to be a partner for delivering previously unseen levels of battery innovation.”
Clea Kolster, partner at Lowercarbon Capital added: “We backed Breathe again because this is exactly the kind of boundary-breaking we look for. Breathe proves that software can unlock massive electrification gains without having to wait on a chemistry miracle.”
Ann-Sofie Ekberg CEO, Volvo Cars Tech Fund concluded: “Breathe’s technology enables us to optimise charging across a wide spectrum of real-world conditions, improving speed and consistency while protecting battery health.”
Pic: Dr Ian Campbell, CEO, Breathe
