Entroview has secured $1.6 million in seed funding, led by AFI Ventures and Rethink Ventures, to enhance battery diagnostics for the electric vehicle industry.

Information on the Target

Entroview, a cutting-edge deep-tech startup based in Paris, specializes in battery software diagnostics aimed at revolutionizing the Electric Vehicle (EV) industry. Recently, the company has successfully raised $1.6 million in a seed funding round, spearheaded by AFI Ventures and Rethink Ventures. The funding will facilitate the expansion of Entroview's team, enhance its software capabilities, and scale operations to address the increasing demand for sophisticated battery diagnostic solutions. Notably, Entroview has gained notable recognition by becoming a finalist in the Grand Prix ACF AutoTech contest, which is evaluated by esteemed executives within the French automotive sector.

Industry Overview in France

The global battery market is projected to reach $400 billion by 2030, fueled by the construction of numerous gigafactories. Batteries play a crucial role in the EV industry, accounting for 30% to 50% of vehicle costs. However, the battery sector continues to grapple with significant inefficiencies, leading to considerable material losses and unpredictable battery lifespans. These challenges hinder the growth of both the second-hand EV market and battery second-life applications.

In France, the transition towards electric mobility is accelerating, driven by government incentives and an increasing commitment to sustainability. As automakers pivot towards electrification, the demand fo