Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry.
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.
This week, I’m very excited to share the latest investment out of our new Mobility fund, a startup named EECOMOBILITY.
We invested in the company’s first outside financing, which included participation from RiSC Capital, Emerson Ventures (Emerson being the parent of National Instruments), as well as the corporate venture arm of a domestic automaker.
As the world transitions to electric vehicles (EVs), battery safety and reliability have emerged as critical challenges. EECOMOBILITY’s proprietary technology directly addresses these issues. By creating a solution at the point of production – a rapid battery testing software at the cell and module level, EECOMOBILITY will reduce the costs and risks associated with battery defects, while making EVs safer and more reliable.
The push for EV adoption is being fueled by sustainability goals, government mandates, and significant commitments from automakers to reduce carbon emissions. Yet, battery-related safety incidents—including fires, power losses, and recalls—remain a major obstacle. Recent high-profile recalls underscore the urgency of addressing these risks. The stakes are high for manufacturers, with not only financial losses but also consumer confidence on the line.
Compounding the challenge is the inadequacy of current battery testing methods. Traditional techniques like Open Circuit Voltage (OCV) and impedance measurements are slow, lack sensitivity, and often miss early-stage defects that can evolve into catastrophic failures.
As EV production scales, the demand for faster, more accurate, and cost-effective testing solutions has never been greater.
EECOMOBILITY has developed a revolutionary approach to battery testing and monitoring, powered by proprietary AI-driven technology. Its flagship products, EECOPower and EECOMonitor, provide unmatched speed and accuracy in identifying defects in production, significantly reducing the risk of defective batteries reaching the market.
EECOPower is a high-speed testing solution that uses low-current, high-frequency signals to detect defects in under 3 seconds. This enables battery manufacturers to keep pace with the demands of modern gigafactories without compromising safety and efficiency.
EECOMonitor is advanced predictive maintenance software that leverages multivariate statistical techniques to diagnose faults and predict battery failure events. This solution optimizes operational efficiency and is applicable across automotive, industrial, and energy storage sectors.
Eecomobility’s technologies have already been validated through pilot programs with several major players, including two domestic automakers, demonstrating their real-world effectiveness.
EECOMOBILITY’s patented solutions achieve a 100% fault detection rate and 97% diagnostic accuracy, outpacing competitors and setting a new benchmark in battery testing and monitoring. Traditional approaches have less than 70% success in fault detection.
The addressable market for EECOMOBILITY’s technology is large and growing. With the global lithium-ion battery market projected to exceed $116 billion by 2030, and increasing demand for reliable testing solutions in the EV and energy storage industries, EECOMOBILITY is poised to capture a significant share of this opportunity.
Our role extends beyond making an initial investment. Automotive Ventures will leverage our industry network to connect EECOMOBILITY with key players in the mobility ecosystem, including automakers, battery manufacturers, and equipment suppliers. We’ll also help the company access future funding sources and amplify their visibility within the industry. EECOMOBILITY’s novel technology has the potential to redefine safety and reliability standards in the EV market, and we’re excited to support them on this journey.
Investing in EECOMOBILITY reflects our commitment to fostering innovation in the global mobility ecosystem. By tackling one of the most pressing challenges in the EV transition, Eecomobility is helping to build a safer, more sustainable future.
To learn more about Eecomobility and their groundbreaking technology, you can check them out at www.eecomobility.ca.
So that’s it for this week’s Future of Automotive segment.
If you’re an AutoTech entrepreneur working on a solution that helps car dealerships, we want to hear from you. We are actively investing out of our DealerFund.
If you’re interested in joining our Investment Club to make direct investments into AutoTech and Mobility startups, please join. There is no obligation to start seeing our deal flow, and we continue to have attractive investment deals available to our members.
Don’t forget to check out my book, The Future of Automotive Retail, which is available on Amazon.com. And keep an eye out for my new book, “The Future of Mobility”, which is almost done, and will be out soon.
Thanks (as always) for your ongoing support and for tuning into CBT News for this week’s Future of Automotive segment. We’ll see you next week!