Leading global supplier, BorgWarner was the lead investor in the Silicon Valley-based software and controls company Qnovo’s multi-million-dollar Series-C capital raise, the company has announced.
The investment is expected to allow BorgWarner to leverage Qnovo’s advanced battery management software in its electrification portfolio. The investment deepens BorgWarner’s capacity to further its battery solutions portfolio by partnering with Qnovo, the company said.
Qnovo develops patented adaptive charging algorithms and battery data analytics that improve lifetime battery performance with enhanced health and safety. 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.
Based in Newark, California, Qnovo 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 utilisation without compromise, the company claimed.
Harry Husted, Chief Technology Officer, BorgWarner called this investment a great opportunity. “We look forward to partnering with Qnovo as they enter the automotive industry to provide battery solutions to the electric vehicle market,” he said.