Batteries News

Titan Advanced Energy Solutions Raises $33 Million Series B Led by HG Ventures to Transform Battery Diagnostics and Management

titan advanced energy solutions battery

Titan Advanced Energy Solutions (“Titan”), a pioneer in ultrasound-based battery management solutions, announced a $33 million Series B financing led by HG Ventures, the corporate investment arm of The Heritage Group.

This new capital positions the company to accelerate industrial-scale deployments of its battery diagnostics and battery sensing/management technologies to drive safer and more efficient manufacturing, operation and repurposing of lithium-ion batteries.

Additional investors from the U.S., Europe, Asia and the Middle East included H+ Partners, GS Futures, the investment arm of the GS Group, GS Energy, Doral Energy-Tech Ventures, the investment arm of Doral Group and Fortistar, along with existing investors Energy Innovation Capital and SE Ventures, the investment arm of Schneider Electric.

Shawn Murphy, CEO and co-founder of Titan.

Our ultrasound-based technology spans the battery life cycle.

“From manufacturing and first use to second life and recycling.”

“We will continue to propel the shift toward electrification by solving critical issues impacting the performance and safety of new and reused lithium-ion batteries.”

Titan’s primary focus is on the automotive and stationary storage markets. The global EV batteries market is expected to grow from $19.78 billion in 2020 to $38.32 billion in 2025, and the global battery energy storage system market is projected to grow from $2.9 billion in 2020 to $12.1 billion by 2025.1,2

Ginger Rothrock, Senior Director of HG Ventures.

Titan’s focus on building a sustainable model of closed loop recycling for lithium-ion batteries aligns perfectly with HG Ventures’ mission of supporting cutting-edge disruptors in sustainability.

“We and our strategic syndicate partners are delighted to support Titan’s world-class team developing a platform that enables transformational improvements to the performance, economics and safety of lithium-ion batteries.” John Glushik, Managing Director of HG Ventures, will be joining Titan’s Board.

The future is battery powered. Titan was founded by two technology pioneers who engineered a breakthrough technology by applying the proven science of ultrasound to lithium-ion batteries.

Our mission is to provide intelligence on any battery’s state of health, state of charge and safety profile — at any stage of its life and in real time. And ultimately to ensure that the trillions of batteries dumped in landfills today will join the circular economy of tomorrow to be repurposed, reused or recycled.

Titan’s solutions are being co-developed along with global auto manufacturers, multinational energy storage integrators and consumer electronics manufacturers in the United States and Europe.

Titan Advanced Energy Solutions

Titan Advanced Energy Solutions was founded in 2016 by technology entrepreneurs Shawn Murphy and Sean O’Day.

The Titan team has engineered a breakthrough technology by applying the proven science of ultrasound to lithium-ion batteries. We delve deeply into the inner workings of batteries to provide intelligence on any battery’s state of health, state of charge and safety profile — at any stage of its life and in real time.

Our ultrasound technology leads to longer-lasting and better-performing batteries, all at a fraction of the cost of legacy battery technologies and with a greener overall footprint.

READ the latest Batteries News shaping the battery market

Titan Advanced Energy Solutions Raises $33 Million Series B Led by HG Ventures to Transform Battery Diagnostics and Management, SALEM, Mass., November 16, 2021

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