Qnovo

The company's core technology, a software-only solution, augments existing battery management systems (BMS) by combining physics-based models, real-time diagnostics, and machine learning. This patented approach measures battery health in real-time and continuously adjusts charging protocols to improve performance. Qnovo's primary product, SpectralX, is a suite of software that reduces charging times, extends battery life, and provides predictive safety analytics to mitigate risks of thermal events. The company claims its technology can detect battery faults with 98.7% accuracy. The software has been deployed in over 150 million smartphones and is now being adopted by the automotive industry.

Qnovo's business model involves licensing its software to original equipment manufacturers (OEMs) in the consumer electronics and automotive sectors. The company targets electric vehicle manufacturers, commercial fleets, energy storage system providers, and consumer device makers. By partnering with companies like NXP Semiconductors and Vanderhall Motor Works, Qnovo integrates its software into their products. The firm has raised over $40 million in funding from investors including BorgWarner, Intel Capital, U.S. Venture Partners, and Constellation Technology Ventures.