Electra Vehicles is a B2B AI software company based in Boston, MA and Milan, Italy that produces cloud and onboard software to optimize the performance of any battery system on any vehicle. The company has an initial focus on the eMobility market while stating its technology also delivers range, lifetime, charging, and safety benefits to eVTOLs, Aerospace, Robotics, and Grid applications. Its cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360 Adaptive Controls provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies. Those capabilities are driven by a continuously updating Adaptive Battery Digital Twin. Electra intends to use the $21M financing to accelerate its go-to-market strategy, scale operations, expand technology and sales teams, and enter the Italian and broader European markets. The company is led by founder and CEO Fabrizio Martini. Electra Vehicles is a Boston-based B2B AI software company that produces cloud and onboard software to optimize the performance of battery systems on any vehicle. Its products include Cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360° Adaptive Controls, which provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies based on a continuously updating Adaptive Cell Model. The company’s initial focus is the eMobility sector, while the technology can also apply to eVTOLs, aerospace, robotics, grid, and other electric sectors. Electra intends to use the $3.6M seed funds to expand operations and development efforts. It will open a strategic branch in Italy’s Piedmont Region with on-the-ground assistance from LIFTT, Club degli Investitori, and the Foreign Center of Internationalization to broaden customer traction near OEM hubs. The company is led by CEO Fabrizio Martini.

Total raised

$25M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2023