# PowerUp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powerup

- Industry: Energy Storage & Batteries
- Headquarters: France
- Website: www.powerup.xyz
- Total disclosed funding: $7.6M
- Latest round: Series B (Mar 23, 2021)
- Investors on record: 2

## About

PowerUp, SAS provides innovative battery analytics solutions that optimize the management and safety of Lithium-ion batteries across diverse sectors, ensuring improved operational efficiency and predictive maintenance.Founded in 2017, PowerUp, SAS focuses on advanced battery analytics solutions. The company is headquartered in France and has completed three deals, with its most recent funding round occurring on January 17, 2023. PowerUp has raised a total of EUR 750,542.94, with the latest round led by EDF Group and participation from Supernova Invest. The founders include Arnaud Delaille, Benjamin Delaille, Tiago Fernandes, and Victoria Yampolsky.PowerUp Technology specializes in advanced battery analytics solutions, utilizing predictive algorithms to enhance the management and safety of Lithium-ion batteries. Its flagship product, the predictive battery analytics software, allows clients to foresee potential risks and return on investment opportunities through data analysis. The software serves a wide range of clientele, including energy storage integrators and fleet operators, with products marketed primarily in North America, Europe, and Asia for commercial and industrial users.In its most recent financial year, PowerUp Technology reported a revenue of EUR 189,378.60 with an EBITDA of EUR -460,162.10. The company's revenue model is primarily based on B2B transactions, focusing on subscription services for its advanced battery analytics software, which generates a recurring revenue stream through licensing fees and support agreements.PowerUp plans to leverage its recent funding of EUR 750,542.94 raised in January 2023 to expand its product offerings and market reach. Upcoming products include enhanced versions of its predictive battery analytics software designed for new applications. The company aims to penetrate additional markets in Asia and Europe by 2024, facilitating growth in diverse sectors. The funding will support the development of these products and the company's strategic expansion efforts.

## Funding rounds

- Series B, Mar 23, 2021, $5.4M — EDF Group, Supernova Invest
- Seed, Jul 19, 2019, $2.3M — Supernova Invest

## Investors

- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Seed, Series B
- EDF Group — Series B