Eatron Technologies completes A2 Series Funding to accelerate development of software platform

Warwick’s Eatron Technologies, a developer of AI-driven battery management software for the automotive sector, has successfully concluded its A2 Series Funding round. LG Technology Ventures spearheaded the investment, with additional contributions from MMC Ventures, 100th Year Venture Capital and the Türkiye Development Fund (TDF).

This funding injection will enable Eatron to expedite the creation and implementation of new embedded and cloud-based features within its software platform. The financial backing will not only drive the advancement of the technology but also support the company’s global expansion initiatives, benefiting teams located in both the UK and Turkey.

Dr Umut Genc, founder and chief executive, said: “Securing funding in a difficult global financial market can be a challenge, so naturally we’re delighted that our expertise and achievements have been recognised as we continue to lead the way in software-defined batteries.

“Intelligent automotive software platforms, embedded at the edge and connected to the cloud, are crucial to the industry’s transformation into a software-driven future, and our unique synthesis of functional safety, machine learning, advanced controls, connectivity and cloud analytics are already helping manufacturers and suppliers to develop connected vehicles faster, better, and ahead of their competition.”