Funding & capitalVehiclesGlobal

Hyundai and Kia invest in battery software provider Qnovo

By Eve

Hyundai and Kia have announced a strategic investment in Qnovo, a company that develops software to monitor battery health, following years of collaborative testing. Qnovo's platform provides real time battery performance and safety data through a hardware free architecture, enabling automakers to manage warranties and assess residual battery value throughout the lifecycle. The investment was announced on 5 March 2026.

Why it matters: Battery health monitoring software is increasingly critical for EV fleet operators and charging infrastructure providers managing warranty exposure and optimising charge cycles. Real time battery intelligence can inform dynamic charging strategies and support second life battery applications in stationary storage tied to charging sites.