WHO WE SERVE

Battery testing is an emerging market, and growing alongside it is the demand for effective battery testing software. Li-ion batteries alone are a $25.4 billion global markets growing 20% each year. With over 768,000 testing stations deployed globally, we further estimate that the market for enhanced software support is $46.1M. Two of the more intriguing options include Internet-of-Things lab equipment ($6.1B) and distributed control systems ($16.3B). 

Battery testing is an emerging market, and growing alongside it is the demand for effective battery testing software. Li-ion batteries alone are a $25.4 billion global markets growing 20% each year. With over 768,000 testing stations deployed globally, we further estimate that the market for enhanced software support is $46.1M. Two of the more intriguing options include Internet-of-Things lab equipment ($6.1B) and distributed control systems ($16.3B). 

Average Annual Industry Costs: Lost Productivity - $200M, Warranty events - $1.25B.

Battery performance can make or break a product. Issues with lifetime, performance and reliability drive dissatisfaction, while battery failures in the field can have serious and even dire consequences for end-users. This makes battery intelligence — including the ability to accurately monitor and predict battery failure — critical for developers and users alike.  We help our customers create cost and production efficiencies throughout all stages of a battery’s development. Our only direct customer is Voltaiq, an SaaS company. Our advantage is we are not beholden to investors and can open-source our freemium features to attract the bottom 90% of the market. 

Tech Trends: Why Now?

  • Battery boom - demand for better batteries drives growth of EVs, grid-level storage, and portable electronics, which in turn drives growth of battery R&D
  • Need in academia - a dozen academic papers describing low-cost or DIY workarounds have been published in the last 5 years, representing a desire for more flexible instruments
  • Inertia in Industry - no manufacturer has moved to accommodate the shift to open architecture, as this is incompatible with current business models
  • Solar energy is cheaper than coal and market for it doubled in size in 2016
  • 25% of the World’s Power Comes From Renewables: REN21, a global renewable energy policy network, published a report showing that a quarter of the world’s power now comes from renewable energy. International investment in renewable energy reached $286 billion last year (with solar accounting for over $160b of this), and it’s accelerating
  • The UK is Generating More Energy From Solar Than Coal: For the first time in history, this year the U.K. has produced an estimated 6,964 GWh of electricity from solar cells, 10% higher than the 6,342 GWh generated by coal.
  • Scotland Generated 106% Energy from The Wind: This year, high winds boosted renewable energy output to provide 106% of Scotland’s electricity needs for a day
  • Cloud storage/Open-source Electronics - the hardware & software needed to pull off this project have only become available in the last few years
  • Google to Run 100% on Renewable Energy: Google has announced its entire global business will be powered by renewable energy in 2017
  • Tesla’s Gigafactory: Tesla’s $5 billion structure in Nevada will produce 500,000 lithium ion batteries annually and Tesla’s Model III vehicle. It is now over 30 percent complete… the 10 million square foot structure is set to be done by 2020. Musk projected that a total of 100 Gigafactories could provide enough storage capacity to run the entire planet on renewables.