Electra Vehicles Raises $21M in Financing

Electra Vehicles, a Boston, MA and Milan, Italy-based B2B electric vehicle AI software company, raised $21M in funding.

The round was led by United Ventures, Stellantis Ventures, with participation from LIFTT S.p.A., Club degli Investitori, and BlackBerry Limited.

The company intends to use the funds to accelerate its go-to-market strategy and to scale operations by expanding the technology and sales teams and entering the Italian and European markets.

Led by Fabrizio Martini, CEO & Founder, Electra Vehicles is a B2B AI software company that produces Cloud and onboard software to optimize the performance of any battery system on any vehicle. With initial focus on the eMobility market sector, its technology can apply the same range, lifetime, charging, and safety benefits to other electric sectors like eVTOLs, Aerospace, Robotics, and Grid. Its Cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360 Adaptive

Controls provide battery system performance insights, battery conscious driver recommendations, and intelligent charging control strategies based on a continuously updating Adaptive Battery Digital Twin, making its EVE-Ai necessary for electrified applications worldwide.