Zitara, a San Francisco, CA-based physics and machine-learning powered battery management software company, has announced the close of $12 million in Series A funding.
The round was led by Energy Impact Partners LP (EIP) and joined by existing investors NextView Ventures, Collaborative Fund, and Trucks VC.
Zitara will use the capital from this round to accelerate the adoption of its industry-leading software, with a near-term focus on state monitoring and safety problems faced by mobility and grid-scale customers adopting lithium iron phosphate (LFP) batteries.
Company: Zitara Technologies, Inc.
Raised: $12.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Energy Impact Partners LP (EIP)
Additional Investors: NextView Ventures, Collaborative Fund, and Trucks VC.
Company Website: https://www.zitara.io/
Software Category: Battery Management Software
About the Company: Founded in 2019 by Shyam Srinivasan and Evan Murphy, Zitara Technologies, Inc. (Zitara) is a San Francisco-based developer of cloud and embedded software to make batteries safer and more profitable for manufacturers and owners, accelerating the electrification of the economy. Zitara builds cloud and embedded software for optimizing the safety, reliability, and lifetime of battery-powered assets. Zitara integrates seamlessly across a broad range of battery applications including stationary storage, micromobility, electric vehicles, consumer electronics, and satellites – for both manufacturers and operators of assets. Zitara serves customers with large deployments of EVs, utility-scale storage assets, and LEO satellites, and faces multi-billion-dollar problems with battery reliability, safety, and lifetime optimization. The company was a member of Y Combinator’s Summer 2020 cohort and has since grown to 25 people.
Source: https://www.businesswire.com/news/home/20220823005180/en/Zitara-Raises-12M-Series-A-to-Make-Batteries-Safer-and-More-Profitable