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About Zitara
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$43.5M
Headquarters
San Francisco, California
Founded
2019
Overview
Zitara develops software solutions focused on battery management to support the renewable energy sector. Their main product, Zitara Live, is a cloud-based software that integrates with battery pack hardware, specifically for lithium iron phosphate (LFP) batteries. This software provides essential data outputs such as state of charge (SoC), state of health (SoH), and predictive safety features, which help businesses optimize their battery usage and enhance operational efficiency. Zitara differentiates itself from competitors by offering customized and validated insights that allow companies to manage their battery-powered assets more effectively, reducing risks and costs associated with battery performance. The company's goal is to facilitate the transition to renewable energy by improving battery management practices across various industries, including electric vehicles and other sectors focused on decarbonization.
Simplify's Take
What believers are saying
- Zitara raised $17M to expand AI capabilities and market reach in 2023.
- Growing demand for battery management in EVs boosts Zitara's market potential.
- Partnerships with utility providers offer new expansion opportunities for Zitara.
What critics are saying
- Increased competition from companies like ConnectDER threatens Zitara's market share.
- Regulatory changes in battery management could impact Zitara's software compliance.
- Reliance on external funding poses financial risks if future rounds are unsuccessful.
What makes Zitara unique
- Zitara specializes in battery management software for diverse industries, enhancing operational efficiency.
- Their software, Zitara Live, offers predictive safety and accurate battery performance insights.
- Zitara's solutions support decarbonization efforts, aligning with global renewable energy trends.
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Funding
Total Funding
$43.5M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 11%2 year growth
↑ 11%ConnectDER secured $35 million in Series D funding led by Decarbonization Partners, with participation from MassMutual Ventures. The company specializes in home energy technology solutions. Other notable funding events include Torrent Power raising ₹35 billion (~$413 million) through a QIP, Glow securing $30 million, and Zitara closing $17 million in Series AA funding. Additionally, EQT acquired ju:niz Energy, and Greenie Energy raised $600k in seed funding.
Zitara, a battery tech software startup, has raised $17 million in Series AA funding to enhance its battery performance solutions. The funds will be used to strengthen relationships with independent power producers and utility customers, expand engineering capabilities, and improve AI and machine learning for battery optimization. CEO Shyam Srinivasan stated that this funding will help Zitara expand its market reach and contribute to a sustainable, electrified future.
Oakland, CA – According to filings with the U.S. Securities and Exchange Commission, Zitara is raising $12,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Shyam Srinivasan played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development. About Zitara
SAN FRANCISCO--(BUSINESS WIRE)--Zitara, a physics and machine-learning powered battery management software company, has announced the close of a $12M Series A round led by Energy Impact Partners LP (EIP), and joined by existing investors NextView Ventures, Collaborative Fund, and Trucks VC. Based in San Francisco, Zitara builds cloud and embedded software for optimizing the safety, reliability, and lifetime of battery-powered assets. Zitara integrates seamlessly across a broad range of battery applications including stationary storage, micromobility, electric vehicles, consumer electronics, and satellites – for both manufacturers and operators of assets
Zitara, a physics and machine-learning powered battery management software company, has announced the close of a $12M Series A round led by Energy Impact Partners LP (EIP), and joined by existing investors NextView Ventures, Collaborative Fund, and Trucks VC.
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About Zitara
Industries
Automotive & Transportation
Energy
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$43.5M
Headquarters
San Francisco, California
Founded
2019
Zitara is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today
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