Electric cars

Batteries, the artificial intelligence card according to Electra Vehicles

They still cost too much and are holding back the market. Fabrizio Martini, CEO and co-founder of the Turin-based start-up, explains the role of software and AI

by Alberto Annicchiarico

Pacco batterie al litio per auto elettriche.

4' min read

4' min read

Batteries are the heart of the electric car, as well as a cost item of between 30 and 40 per cent. The technological evolution of components, capacity, autonomy, recharging speed, durability and life cycle will be one of the decisive factors for an effective conquest of the mass market by lithium-ion vehicles. Artificial intelligence (AI) plays a leading role in this process. Electra Vehicles, an Italian start-up born in 2015 in Boston, Massachusetts, from a project by Nasa, also has an office at the Ogr in Turin (Officine grandi Riparazioni, an innovation hub also dedicated to accelerating start-ups), and has developed advanced battery control software. Software based on artificial intelligence.

"We define ourselves somewhat as the brain behind batteries. Our innovative AI-driven solutions (including the proprietary EVE-Ai algorithm, ed), combined with strategic partnerships, are paving the way for more efficient, sustainable and affordable electric vehicles. What's more, by focusing on advanced controls, data analytics and innovative battery pack design, we are not only driving positive change within the energy industry, but also contributing to a cleaner, more sustainable future for all,' explains CEO Fabrizio Martini, who co-founded Electra Vehicles and has seen it grow into a global player, to Il Sole 24 Ore.

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Its customers are 60% in the US, 30% in Italy, and 10% in India and South Korea. Currently, the company, whose investors include Liftt, a venture capital firm focused on deep-tech, which holds a stake in the portfolio, is in the research phase for a $30 million round, planned for late 2024 to early 2025. In February 2023 Electra had raised $21 million in a round in which Stellantis Ventures participated.

According to Guido Panizza, Head of Project Management at Liftt, 'electric mobility is an established and growing reality. The correct management of battery packs, both in use and at the end of their life, is becoming increasingly strategic for the success of this technology. Electra Vehicles, thanks to its unique and proprietary physical models, represents the most valid solution for increasing the autonomy and service life of battery packs as well as for the correct assessment of their state of health. And thus the prevention of malfunctions'.

Martini, software and AI how and what change?

"They change a lot. It is possible to extend battery life, optimise design and production processes, detect potential failures in advance and improve performance to extend driving range. All this helps to reduce the overall costs of batteries, thus making electric vehicles more affordable for consumers. In addition, software such as ours plays a crucial role in maximising the fleet residual value (a weak point for the battery car market, ed.) and optimising battery health throughout the vehicle lifecycle. This also contributes to sustainability and carbon footprint reduction efforts.

More specifically, Martini continues, 'the software component, combined with artificial intelligence, is becoming more and more crucial in both the design and execution phase and in the life of electric vehicle batteries. Software and AI can enable a whole series of important additional benefits. Despite all the advances in technology and materials, which certainly help to reduce costs, the battery remains one of the most expensive components of an electric vehicle. Therefore, being able to extend its life, optimise its performance, maximise its residual value and prevent failures in advance is crucial.

Overcoming the cost hurdle, even according to the Chinese giant CATL's announcement, could convince consumers?

"Overcoming the significant cost barrier associated with batteries could help dispel consumer doubts and accelerate the adoption of electric vehicles, especially if they become the obvious economic choice over their internal combustion counterparts," according to the CEO of Electra Vehicles. Because the cost of the battery makes up such a significant part of the total price of an electric car, before there is wider adoption, consumers need to see a clear link between the initial outlay and the overall value over the life of the vehicle. This is where the software component, with additional artificial intelligence enabled, can help.

Where does the evolution of software and AI for car batteries ultimately stand?

The current state of evolution of software and AI for car batteries is certainly quite advanced, although still evolving. We are far ahead of the initial stages, although the application depends very much on market to market. In fact, we see software and AI technologies being increasingly integrated into battery management systems, and into electric vehicle platforms, not only to provide more infotainment, but to enable functions that can reduce costs, increase performance, extend battery life and increase overall efficiency'.

And what role can the Turin cluster play for research? Is Italy still in the game?

'Given Italy's strong automotive heritage and expertise in design and engineering, the Turin area, specifically, can play a key role in advancing research and development in this field. Turin can act as a centre of collaboration between academia, industry and start-ups, promoting innovation in software-driven battery technologies for electric vehicles, just like Silicon Valley in the United States. And that is also why we in Italy have decided to invest in Turin. I would like to add that Italy's focus on excellence in design and engineering puts our country in a competitive position for the development and patenting of cutting-edge technologies related to batteries for electric vehicles'.

Electra Vehicles aims to expand and double its revenues by the end of the year. 'In addition,' Martini concludes, 'we are committed to diversifying into new vertical markets such as avionics, robotics and energy storage systems, thus expanding our scope and impact in the industry.

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