Electra Vehicles Inc., founded in 2015 and headquartered in Boston, specializes in AI-driven battery optimization for electric vehicles and energy storage systems. Their EVE-AI™ platform enhances battery performance, extends lifespan, and improves safety, serving manufacturers, fleet operators, and producers globally.

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Electra Vehicles Inc. specializes in developing sophisticated software solutions tailored for battery management and optimization in electric vehicles and energy storage systems. Established in 2015 by Fabrizio Martini, an expert in energy storage, the company originates from his involvement with NASA’s battery systems designed for missions to Venus. Headquartered in Boston, Electra Vehicles is at the forefront of creating smart battery management technologies that enhance performance, prolong battery life, and ensure safety across diverse applications. The integration of artificial intelligence with precise battery modeling empowers their clients, including electric vehicle manufacturers, fleet operators, and battery suppliers, with accurate predictions and optimizations.

Battery Technology

Central to Electra Vehicles’ offerings is the EVE-AI™ platform, featuring a suite of integrated solutions for battery optimization. Their EnPower™ Design Studio allows manufacturers to design bespoke battery packs through detailed simulations and real-time analytics, reducing development time by 90% and lowering production costs by 30%.

The EVE-AI™ 360 Fleet Analytics system evaluates real-time battery data to deliver critical insights into battery health, performance, and potential concerns. This technology assists fleet operators in maintaining optimal battery conditions while forecasting maintenance requirements. Moreover, the EAGLE Battery Pass technology aids manufacturers in adhering to EU Battery Passport standards, enhancing overall battery management.

Electra’s intelligent display for electric vehicles generates reliable range estimates based on real-time battery conditions and usage patterns, processing multiple data points, such as battery state of health, charge levels, and environmental influences, to inform drivers about their vehicle’s range capabilities.

Recent Projects

In early 2025, Electra Vehicles showcased their EVE-AI technology in a Tesla Cybertruck during CES, demonstrating practical applications throughout a cross-country journey from Boston to Las Vegas. The company announced a partnership with AWS, integrating its battery software solutions into the AWS Partner Network. At The Battery Show 2024, Electra introduced enhancements to the EnPower Design and Battery Innovation Suite, which exhibited substantial improvements in battery development efficiencies.

Investors

Electra Vehicles has successfully raised a total of $25.61 million in funding, with a prominent $21 million financing round concluded in February 2023, led by United Ventures. Other key investors comprise Stellantis Ventures, BlackBerry Limited via its IVY Innovation Fund, LIFTT S.p.A., Club degli Investitori, and various venture capital firms including Hyperplane Venture Capital and Prithvi Ventures.

Business Details

Location: Boston, Massachusetts, USA (Headquarters) and Turin, Italy (European Office)
Website: https://electravehicles.com
LinkedIn: https://www.linkedin.com/company/electra-vehicles-inc/

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