# Fova Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fova-energy

- Industry: Energy Storage & Batteries
- Headquarters: US
- Website: www.fovaenergy.com
- Latest round: Seed (Mar 22, 2021)
- Investors on record: 2

## About

Established in 2020, Fova Energy is a company focused on developing advanced AI-driven data analytics solutions specifically designed for the battery industry, enhancing performance and lifecycle management.Fova Energy, based in the US, specializes in AI-empowered data analytics for the battery sector. Founded in 2020 by Xia Miao, who has a history in technology innovation, the company has secured 2 deals, the most recent being a Seed round in March 2021 with investment from Shunwei Capital Partners. It operates globally, with specific activities in North America, Europe, and Asia.Fova Energy specializes in developing an advanced AI-empowered data analytics and decision-making platform tailored for the battery industry. Its core offering focuses on optimizing battery performance and lifecycle management through sophisticated analytical tools that process vast amounts of data, addressing challenges such as battery degradation, efficiency, and predictive maintenance. The company targets a diverse client base, including battery manufacturers, energy storage companies, and electric vehicle producers.Fova Energy’s revenue model is primarily structured around subscription-based services that provide clients with access to their proprietary analytics platform. The company engages in partnership agreements that integrate its technology into clients' operations, generating revenue through tiered pricing plans based on service levels. This B2B framework includes advanced predictive analytics and real-time battery monitoring solutions, crucial for driving efficiency in the battery sector.In March 2021, Fova Energy raised Seed funding to support its development. The company is designing new products aimed at enhancing battery analytics capabilities, with plans to expand into additional European and Asian markets by 2022. The recent funding will facilitate the launch of these products and support market entry initiatives.

## Funding rounds

- Seed, Mar 22, 2021 — Shunwei Capital
- Seed, Dec 31, 2020 — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Seed