Energica and Electra Forge R&D Partnership to Revolutionize the Two-Wheel Electric Vehicle Experience
May 23 2024 - 11:50AM
Business Wire
Energica Motor Company (a majority-owned subsidiary of
Ideanomics (NASDAQ: IDEX)) leader in high-performing electric
motorcycles and EV system integration, and Electra Vehicles Inc.,
an industry leader in applied AI-ML for battery management software
solutions, are excited to announce a strategic R&D partnership
to revolutionize the electric two-wheeler market.
This collaboration will leverage Electra’s AI-powered technology
to enhance battery performance, optimize vehicle range, charging,
and lifetime while also improving the overall driving
experience.
Energica has been at the forefront of electric vehicle
technology from its base in Italy's Motor Valley for over a decade,
consistently introducing pioneering solutions. This new strategic
R&D collaboration with Electra will utilize Electra’s 'Brain
for Batteries' AI technology to improve the battery
management systems (BMS) in Energica’s vehicles, enhancing
performance across the board.
"We met Electra and were immediately interested in their AI
solutions related to batteries, a crucial element on which we have
based our know-how from the beginning," said Giampiero Testoni,
CTO of Energica Motor Company. "Together with their team, we
have started a research and development collaboration apply AI to
the BMS of our batteries. The objective is to better monitor the
data and optimize the range. The studies are still underway, but we
are thrilled to be able to work together with a dynamic company
like Electra."
AI is crucial in managing real-time battery performance,
benefiting drivers, vehicle OEMs, and fleet operators alike.
Electra's advanced algorithms seamlessly integrate battery data
with external factors such as driving behavior and temperature.
This data integration and elaboration through AI algorithms can
shorten charging times, optimize range extension, extend battery
life, and reduce the battery’s operational costs. These
enhancements help alleviate range anxiety for drivers and foster
broader adoption of electric vehicles.
"The battery is the heart of any electric vehicle. Adding a
‘Brain’ to manage it, supported by AI, not only enhances
performance and durability but also addresses fundamental driver
and industry concerns," commented Fabrizio Martini, an ex-NASA
engineer now CEO and Founder of Electra.
Electra's AI-powered technology enhances battery performance
by optimizing energy consumption and reducing charging times.
It accurately estimates the battery's state of health with up to
97% accuracy throughout its entire lifespan, extending its life by
over 20%. The technology also provides precise range
estimations with just a 1% error rate, helping to reduce range
anxiety. Additionally, it preemptively detects faults and
maintenance issues months in advance, significantly improving
safety, reliability, and cost efficiency. This comprehensive
approach elevates battery asset monitoring, increases operational
efficiency, and boosts ROI for electric vehicles and batteries,
promoting the broader adoption of EVs.
By integrating Electra’s solutions to enhance battery life,
performance, predictive maintenance, and fault detection, Energica
effectively minimizes costs associated with downtime and
maintenance while improving battery reliability. Through this
innovative technology and this R&D program with Electra,
Energica wants to reaffirm its dedication to delivering its
customers the safest and most innovative solutions.
About Energica Motor Company S.p.A.
Energica Motor Company, is leading company of high-performing
electric motorcycle and system integration for EVs.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating
the commercial adoption of electric vehicles. To keep up with
Ideanomics, please follow the company on social @ideanomicshq or
visit www.ideanomics.com.
About Electra
Electra is an international B2B scale-up headquartered in
Boston, specializing in AI/ML-based solutions for electric
vehicles, eVTOLs/UAM, energy storage systems, robots, and more.
With a focus on innovation and sustainability, Electra is dedicated
to driving the transition to electric mobility worldwide with his
‘Brain for Batteries’ software solutions.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240523952988/en/
Contact Information for Energica: Cecilia Bucci Marketing
Director cbucci@energicamotor.com Energica Motor Company
https://www.energicamotor.com/ Contact Information for
Electra: Giovanni Rossi Marketing and Communications Director
grossi@electravehicles.com Electra Vehicles
https://www.electravehicles.com/
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