Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues3.0m
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DateInvestorsAmountRound
-

N/A

-
N/A

$1.0m

Seed
N/A

$7.0m

Series A
N/A

$8.6m

Series B
*

$24.0m

Series C
Total FundingCAD55.4m

Recent News about Qnovo

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More about Qnovoinfo icon
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Qnovo Corp is a pioneering startup in the energy sector, specifically focusing on battery technology. The company's primary offering is a software solution that enhances the performance and lifespan of lithium-ion batteries, which are widely used in various industries, particularly in automotive and energy storage systems.

Qnovo's business model revolves around partnering with top automotive Original Equipment Manufacturers (OEMs) and leading energy and utility companies worldwide. These partnerships allow Qnovo to integrate its software into their battery systems, thereby improving the battery's charging speed, reliability, and longevity. This means that batteries can be charged faster, last longer, and are safer to use, which is a significant advantage in industries such as electric vehicles and renewable energy storage where battery performance is critical.

The company operates in the rapidly growing market of electric mobility and energy storage, both of which are seeing increasing demand due to the global shift towards sustainable and clean energy solutions. Qnovo's software-defined battery solution is a unique offering in this market, giving it a competitive edge.

Qnovo generates revenue through licensing its patented technology to its partners. With over 50 patents, the company has a strong intellectual property portfolio that protects its innovative technology and ensures a steady stream of income from licensing fees.

In summary, Qnovo is a forward-thinking startup that is revolutionizing the battery experience with its software solution, serving major players in the automotive and energy sectors, and contributing to the global transition towards sustainable energy.

Keywords: Battery Technology, Software Solution, Lithium-Ion Batteries, Automotive OEMs, Energy Storage Systems, Electric Mobility, Sustainable Energy, Licensing, Intellectual Property, Patented Technology.