WESTFORD, Mass., April 1, 2025 /PRNewswire/ -- EVident Battery, a leader in sustainable and advanced battery technology, announced today the successful closing of a $3.2 million seed funding round. This financing will support the company's mission to accelerate the development of next-generation battery inspection solutions that address the uncertainty of EV battery pack health in the aftermarket and quality optimization in the battery pack manufacturing process.
The round was led by Ibex Investors with participation from Nationwide Ventures, Automotive Ventures, Avesta Fund and notable angels in the EV space – adding to an existing roster of automotive and battery expert advisors. The funding will be instrumental in expanding EVident's research and development initiatives, enhancing manufacturing capabilities, and driving forward strategic partnerships. The infusion of capital will also enable EVident to expand its team with additional experts in engineering, manufacturing and business development.
"We are thrilled to benefit from the support of top automotive investors who share our vision to bring transparency and certainty to the EV market for a more sustainable future powered by innovative solutions," said Jinqiang Ning, CEO of EVident Battery. "This funding allows us to accelerate our roadmap, bringing to market battery inspection technology that is not only high-performing but also environmentally conscious. Our goals are to standardize EV battery service and inspection and to build a centralized EV battery database for full transparency."
EVident Battery has developed comprehensive and non-destructive EV battery pack inspection solutions powered by AI that execute in less than 2 minutes. Non-cell failures are detrimental to battery pack longevity and performance but have been previously undetectable without destructive teardown. Insufficient inspection of those failures could lead to billions of dollars in loss in battery replacement. With the new capital, the company will further develop its inspection technology, which aims to deliver accurate and comprehensive information about battery pack conditions to various customers in the EV market. EVident Battery launches its pilot product, bringing its rapid, non-destructive battery pack inspection technology into real-world use. This pilot marks a key step toward commercialization, enabling the company to validate performance, refine its AI models, and scale deployment.
"We are at a pivotal moment in the world's transition to electric vehicles. In this rapidly evolving sector, the reliability and performance of battery packs are critical issues for manufacturers, service providers, and consumers," said Steve Greenfield, General Partner at Automotive Ventures. "Developing safer and higher-performing batteries is a critical step in the journey of electrifying transportation. EVident's team has demonstrated a clear path to revolutionizing battery inspection technology, which is essential for a sustainable future."
Jeff Peters, Partner and Head of Mobility VC at Ibex Investors is joining the Board of Directors and notes, "Most attention from automakers and startups is focused on cell-related battery state of health. However, an EV is much more than a collection of cells. EVident has created a highly unique diagnostic for the structural integrity of the entire battery pack. We are incredibly excited about the opportunity this technology unlocks in manufacturing quality control, on-going monitoring, the second-hand EV market, and ultimately end-of-life disposition."
EVident Battery is committed to advancing battery inspection technology and supporting global efforts to reduce carbon emissions. By providing solutions that meet the performance needs of modern mobility applications while minimizing environmental impact, EVident is poised to make a significant contribution to the clean energy economy.
For more information, please visit batteryevidence.com or contact at info@batteryevidence.com.
SOURCE EVident Battery
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