About Qnovo
Qnovo is a company based in Milpitas (United States) founded in 2009 by Dania Ghantous and Nadim Maluf. It operates as a SaaS (Software-as-a-Service), and Mobility-as-a-Service. Qnovo has raised $32.6 million across 5 funding rounds from investors including Constellation, BorgWarner and Oil and Gas Climate Initiative. The company has 20 employees as of December 31, 2024. Qnovo offers products and services including SpectralX and SentinelX. Qnovo operates in a competitive market with competitors including Eatron, Ion Energy Labs, Zitara, Electra Vehicles and Dukosi, among others.
- Headquarter Milpitas, United States
- Employees 20 as on 31 Dec, 2024
- Founders Dania Ghantous, Nadim Maluf
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Qnovo, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.6 M (USD)
in 5 rounds
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Latest Funding Round
$24 M (USD), Series C
Jan 11, 2022
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Investors
Constellation
& 9 more
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Employee Count
20
as on Dec 31, 2024
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Products & Services of Qnovo
Qnovo offers a comprehensive portfolio of products and services, including SpectralX and SentinelX. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Battery intelligence software is developed for EV safety.
Battery safety software is designed for electric vehicles.
Unlock access to complete
Funding Insights of Qnovo
Qnovo has successfully raised a total of $32.6M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $24 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $24.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Qnovo | Valuation | BorgWarner | |
| Jun, 2016 | Amount | Series B - Qnovo | Valuation |
investors |
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| Sep, 2015 | Amount | Series B - Qnovo | Valuation | RockPort Capital , USVP |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Qnovo
Qnovo has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Constellation, BorgWarner and Oil and Gas Climate Initiative. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm that focuses on early stage investments in the US
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location | |
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Venture capital firm that invests in fintech, digital health, enterprise software, and consumer experiences.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Qnovo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Qnovo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qnovo Comparisons
Competitors of Qnovo
Qnovo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eatron, Ion Energy Labs, Zitara, Electra Vehicles and Dukosi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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| domain | founded_year | HQ Location |
Battery intelligence platform for utility-scale energy storage systems is developed.
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| domain | founded_year | HQ Location |
Cloud-based and embedded battery management software is provided for optimization.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are developed and provided.
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Designs smart energy storage systems
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| domain | founded_year | HQ Location |
Batteries for unmanned aerial vehicles are developed and patented.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qnovo
Frequently Asked Questions about Qnovo
When was Qnovo founded?
Qnovo was founded in 2009.
Where is Qnovo located?
Qnovo is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Who is the current CEO of Qnovo?
Nadim Maluf is the current CEO of Qnovo. They have also founded this company.
Is Qnovo a funded company?
Qnovo is a funded company, having raised a total of $32.6M across 5 funding rounds to date. The company's 1st funding round was a Series B of $8.6M, raised on Jun 01, 2009.
How many employees does Qnovo have?
As of Dec 31, 2024, the latest employee count at Qnovo is 20.
What does Qnovo do?
Advanced software solutions are developed by Qnovo to optimize lithium-ion battery safety, performance, and economics. Focus is placed on electric mobility, energy storage, and industrial applications. Through big data, machine learning, and physical algorithms, battery insights are delivered for automotive-grade reliability. Sectors such as passenger vehicles, heavy-duty vehicles, and commercial fleets are served. A sustainable future is advanced by preventing battery failures and enhancing longevity without additional hardware. Predictive and adaptive management is enabled with high accuracy for electric vehicle applications.
What products or services does Qnovo offer?
Qnovo offers SpectralX and SentinelX.
Who are Qnovo's investors?
Qnovo has 10 investors. Key investors include Constellation, BorgWarner, Oil and Gas Climate Initiative, USVP, and RockPort Capital.