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Battery analysis startup Fova Energy secures new war chest

AI-based data analysis tech aims to cash in on industry growth

Fova Energy develops management systems, with an eye to recycling batteries as EV market grows. (Photo courtesy of

BEIJING -- Fova Energy, a Chinese developer of a data analysis system that assesses the condition of batteries, has raised several million dollars in an angel-plus funding round led by Shunwei Capital.

It is the second time in several months that Fova Energy has secured a war chest. The company raised about $1 million in an angel funding round led by ZhenFund in December last year.

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