AVILOO, a company headquartered near Vienna and a leading provider of independent battery diagnostics for electric vehicles, has received a strategic investment of around €30 million. As part of the transaction, Armira Growth (“Armira”) and Invest AG jointly acquired all shares previously held by the European Innovation Council Fund (“EIC”), one of AVILOO’s earliest investors, thereby joining Raiffeisen KMU Invest as key shareholders. The investment is subject to regulatory antitrust approval.

Balancing maximizes usable capacity, protects against premature aging and therefore reduces the risk of serious cell defects. Independent battery diagnostics specialist AVILOO explains how intelligent balancing within the Battery Management System (BMS) ensures the performance and safety of modern electric vehicles.

Through the collaboration between battery diagnostics expert AVILOO and electric vehicle technology company Lectrium, the EV battery risk becomes a competitive advantage for used EV dealers in the U.S.

High prices, challenging financing options, and a lack of government support, the used U.S. EV market is currently facing tough conditions. In an expert discussion, participants explored how independent battery certificates could help accelerate the market and how Europe might serve as a role model.