Nortical
closedBuilds tools for intelligent Lithium-ion performance prediction and third-party verification of battery data.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
SEK12.0m | Seed | ||
| Total Funding | 000k | ||
| EUR | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 142 % | (82 %) |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (331 %) |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (1 %) | (55 %) | (337 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Nortical is a Swedish enterprise focused on the battery technology sector, providing data-driven analytics for lithium-ion batteries.
The company was established in Gothenburg, Sweden, in 2019, originally under the name EVLedger. The founding team, Kristoffer Syversen, Axel Kullander, and Pavel Calderon, converged on the idea after independently identifying persistent challenges within the battery industry and envisioning a data-centric solution. Syversen's background in electrification provided foundational experience for the venture. Positioned within the burgeoning battery hub of Western Sweden, the company secured SEK 12 million in a 2020 funding round from a consortium of investors including Norrsken VC, Almi Invest, E14 Invest, and Jellyfish Invest, to fuel the initial development of its core platform.
Nortical's business centers on a software-as-a-service (SaaS) platform designed to analyze and manage the lifecycle of batteries. The platform ingests operational data and translates it into actionable intelligence regarding battery performance, degradation, efficiency, and overall health. Its services are targeted at entities that own and operate significant battery assets, such as electric vehicle manufacturers and fleet operators. The business model is predicated on providing these clients with tools to optimize battery usage, extend operational lifetime, and assess residual value. The company already serves prominent clients in the mobility space, including Volvo, Scania, and Voi.
The core offering is a sophisticated analytics tool that provides third-party verification of battery data. Key features include precise estimations of battery performance, predictions of aging patterns, and analysis of value degradation. By delivering insights into the environmental impact and performance metrics, the platform enables clients to make informed decisions on maintenance, operational strategies, and end-of-life options. A distinct component of the service is a feature that connects buyers and sellers of used batteries, facilitating a secondary market and contributing to a circular economy model for battery assets.
Keywords: battery analytics, lithium-ion batteries, battery lifecycle management, battery degradation, EV batteries, circular economy, battery health, energy storage analytics, maritime batteries, mobility battery data, Scania, Volvo, Voi, asset management, data verification, cleantech, greentech, sustainable technology, battery performance, second-life batteries, electrification, fleet management solutions