EECOMOBILITY, a Hamilton, Ontario, Canada-based startup specializing in Artificial Intelligence (AI) from McMaster University’s Centre for Mechatronics and Hybrid Technology, raised an undisclosed amount in Seed funding.
The round was led by RiSC Capital with participation from Automotive Ventures, Emerson Ventures and a North American Original Equipment Manufacturer.
The company intends to use the funds to expand operations and its development efforts.
Founded by Dr. Saeid Habibi, a full Professor, Tier I Canada Research Chair, and former Senior NSERC Industrial Research Chair, EECOMOBILITY has developed advanced testing and monitoring software used for the automotive, energy storage, industrial, and manufacturing sectors. Their flagship product line, EECOPower, offers rapid battery cell and module testing and characterization systems designed for lithium-ion battery pack production. It utilizes characterization techniques combined with AI, applicable to battery cells, modules, and packs.
The company’s systems are now installed in facilities operated by OEMs and battery manufacturers, as the company rolls out its technology across the electric vehicle battery manufacturing and assembly industry.
FinSMEs
19/11/2024