With a lead investment from LG Technology Ventures and further investment from MMC Ventures, Eatron Technologies, a developer of AI-powered battery management software for the automotive industry, has completed its A2 Series Funding.
The funding, which joins additional investment from 100th Year Venture Capital and the Türkiye Development Fund (TDF), comes at a time when the industry is undergoing a transition to software-defined vehicles and batteries.
According to Eatron, the investment will enable the company to accelerate the development and deployment of embedded and cloud-based features for its battery management software platform. The company’s technology implements an intelligent software layer on top of existing battery control platforms.
Dr Umut Genc, founder and CEO of Eatron, said, “Intelligent automotive software platforms, embedded at the edge and connected to the cloud, are crucial to the industry’s transformation into a software-driven future. Our unique synthesis of functional safety, machine learning, advanced controls, connectivity and cloud analytics is already helping manufacturers and suppliers to develop connected vehicles faster, better and ahead of their competition.”
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