Automotive Ventures is excited to announce the latest investment out of our Mobility Fund II: EECOMOBILITY.
We invested in the company’s first outside financing, which included participation from RiSC Capital, Emerson Ventures (Emerson is the parent of National Instruments), as well as the corporate venture arm of a domestic automaker.
You can access the full press release HERE.
Why We Invested in Eecomobility
At Automotive Ventures, we strive to identify and invest in visionary founders shaping the future of mobility. Our recent investment in EECOMOBILITY exemplifies this mission.
As the world transitions to electric vehicles (EVs), battery safety and reliability have emerged as critical challenges. EECOMOBILITY’s proprietary technology directly addresses these issues. By creating a solution at the point of production – a rapid battery testing software at the cell and module level, EECOMOBILITY will reduce the costs and risks associated with battery defects, while making EVs safer and more reliable.
The Problem: Bridging the Safety Gap in EV Batteries
The push for EV adoption is being fueled by sustainability goals, government mandates, and significant commitments from automakers to reduce carbon emissions. Yet, battery-related safety incidents—including fires, power losses, and recalls—remain a major obstacle. Recent high-profile recalls underscore the urgency of addressing these risks. The stakes are high for manufacturers, with not only financial losses but also consumer confidence on the line.
Compounding the challenge is the inadequacy of current battery testing methods. Traditional techniques like Open Circuit Voltage (OCV) and impedance measurements are slow, lack sensitivity, and often miss early-stage defects that can evolve into catastrophic failures.
As EV production scales, the demand for faster, more accurate, and cost-effective testing solutions has never been greater.
The Solution: EECOMOBILITY’s Game-Changing Technology
EECOMOBILITY has developed a revolutionary approach to battery testing and monitoring, powered by proprietary AI-driven technology. Its flagship products, EECOPower and EECOMonitor, provide unmatched speed and accuracy in identifying defects in production, significantly reducing the risk of defective batteries reaching the market.
EECOPower: A high-speed testing solution that uses low-current, high-frequency signals to detect defects in under 3 seconds. This enables battery manufacturers to keep pace with the demands of modern gigafactories without compromising safety and efficiency.
EECOMonitor: Advanced predictive maintenance software that leverages multivariate statistical techniques to diagnose faults and predict battery failure events. This solution optimizes operational efficiency and is applicable across automotive, industrial, and energy storage sectors.
Eecomobility’s technologies have already been validated through pilot programs with several major players, including two domestic automakers, demonstrating their real-world effectiveness.
Why We’re Excited About EECOMOBILITY
One: Unparalleled Technology
EECOMOBILITY’s patented solutions achieve a 100% fault detection rate and 97% diagnostic accuracy, outpacing competitors and setting a new benchmark in battery testing and monitoring. Traditional approaches have less than 70% success in fault detection.
Two: Alignment with Our Investment Thesis
As a key enabler of EV adoption, EECOMOBILITY’s technology fits squarely within our focus area of “Decarbonization and New Energy Sources.” By addressing a foundational challenge in the EV ecosystem, Eecomobility is helping pave the way for a sustainable, electrified future.
Three: Strong Strategic Partnerships
The participation of established industry leaders in Eecomobility’s seed round reinforces the market’s confidence in their solutions. Partnerships with battery manufacturers and testing equipment suppliers position the company to scale rapidly.
Four: A World-Class Team
Under the leadership of Dr. Saeid Habibi, a globally recognized expert in AI, who has served as a full Professor, a Tier I Canada Research Chair, a former Senior NSERC Industrial Research Chair, the founding director of the Centre for Mechatronics and Hybrid Technologies, and the Chair of the Mechanical Engineering Department at McMaster University, EECOMOBILITY has assembled a team with deep expertise in technology development, commercialization, and industry engagement. This combination of technical and business acumen provides a strong foundation for growth.
Five: Market Potential
The addressable market for EECOMOBILITY’s technology is large and growing. With the global lithium-ion battery market projected to exceed $116 billion by 2030, and increasing demand for reliable testing solutions in the EV and energy storage industries, EECOMOBILITY is poised to capture a significant share of this opportunity.
What’s Next for EECOMOBILITY
With fresh funding in hand, EECOMOBILITY is focused on scaling its operations, expanding its team, and fulfilling initial commercial orders for its innovative systems. The company’s roadmap includes transitioning from hardware-led sales to a SaaS-based model, which will unlock recurring revenue and higher margins over time. Additionally, they are exploring opportunities in adjacent markets such as energy storage and grid applications.
How Automotive Ventures Will Support EECOMOBILITY
Our role extends beyond capital. Automotive Ventures will leverage our industry network to connect EECOMOBILITY with key players in the mobility ecosystem, including automakers, battery manufacturers, and equipment suppliers. We’ll also help the company access future funding sources and amplify their visibility within the industry. EECOMOBILITY’s novel technology has the potential to redefine safety and reliability standards in the EV market, and we’re excited to support them on this journey.
Closing Thoughts
Investing in EECOMOBILITY reflects our commitment to fostering innovation in the global mobility ecosystem. By tackling one of the most pressing challenges in the EV transition, Eecomobility is helping to build a safer, more sustainable future.
We are proud to partner with the team and participate in their journey towards continued growth and impact.
Learn more about Eecomobility and their groundbreaking technology at www.eecomobility.ca.
