Emerson Ventures invests in AI-powered startup EECOMOBILITY to accelerate growth
Emerson, a global technology and software company, 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.
Thurston Cromwell, head of Emerson Ventures and vice president of development and innovation at Emerson said, "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. 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, CEO 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).
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