Tuesday 28 July 2020

British smart battery software company secures £4.6m investment

The British smart battery and electric vehicle (EV) charging software company Moixa has secured £4.6 million of new investment.

The investment is from Moixa’s existing investors, led by Japanese Fortune 500 trading company ITOCHU Corporation and is coming as the firm unveils it has doubled the number of batteries managed by its artificial intelligence (AI) software in Japan to 20,000, development which claims to make the 'world’s largest residential fleet'.

The funding will support the expansion of the company’s AI software in Japan, the UK, mainland Europe and the US and its new smart charging partnership with Honda, due to be launched in the summer.

Simon Daniel, CEO of Moixa, said: “AI technology gives us the edge we need as societies to accelerate the shift from fossil fuels, without placing unbearable costs on consumers."

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