Should the analytics outcome ever be beyond the guaranteed accuracy, the customer is indemnified eight times the amount paid for the analytics. The underlying battery condition can be determined with a clearly defined approach, giving customers full transparency and control at any time. Munich Re conducted a thorough evaluation of the analytics.
Twaice provides predictive analytics software for companies working with batteries, addressing key concerns such as health, warranty, and safety. Twaice de-risks customers battery business, increasing battery performance and lifetime. It combines deep battery expert knowledge and artificial intelligence on a scalable analytics platform, generating actionable insights at every step of the battery lifecycle. The analytics platform is also a launchpad for customer and partner solutions, for example, for the joint venture Battery Quick Check with TÜV Rheinland.
“The accuracy promise of Twaice is the first of its kind in the battery analytics software space” said Dr. Stephan Rohr, founder and Co-CEO at Twaice. "The insurance and due diligence by Munich Re should give manufacturers and operators of electric vehicles and energy storages the confidence to accelerate the development and deployment of batteries with the Twaice platform."
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