One Seattle-based startup, Recurrent, aims to do for electric vehicle batteries what odometers do for fuel-powered cars: Show the wear and tear on the battery and its future value.
Recurrent, a Seattle-based startup, aims to do for electric vehicle batteries what odometers do for fuel-powered cars: Show the wear and tear on the battery and its future value. Recurrent uses no hardware, just the software that runs on thousands of electric vehicles daily. It can analyze a car over and over again, normalizing things like weather, driving and charging style in order to compare two similar vehicles and show which has a healthier battery, and consequently a higher value."It's similar to how everyone in the used car ecosystem needs to know the odometer of a used combustion engine car," Case said.
"When we look at EVs, we're thinking about this massive transition, which is sort of a once-in-a-lifetime opportunity, where you're seeing the entire global auto market shift from gas cars to EVs, and the bulk of that is going to happen the next decade," Paul Straub, co-founder and managing director of Wireframe Ventures, an investor in Recurrent, told CNBC.
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Source: CNBC - 🏆 12. / 72 Read more »