# Qnovo raises $24 million in Series C round led by BorgWarner

Qnovo, a Silicon Valley software company, raised $24 million in Series C funding led by BorgWarner. The investment will support expansion of battery management software into EV manufacturing and grid-scale storage.

- Type: Investment
- Announced: 2022-01-12
- Where: Silicon Valley, California, United States
- Value: $24.0M
- Status: announced
- Products: battery management software, charging algorithms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Qnovo](https://endata.com/companies/60329.md)
- [BorgWarner](https://endata.com/companies/751.md) (investor)

## Sources

- [electrive.com](https://www.electrive.com/2022/01/12/qnovo-gathers-24-million-led-by-borgwarner/), 2022-01-12: "This new capital along with our strategic partnerships will accelerate the deployment of our software solutions in the EV market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.