Qnovo secures investment from Hyundai Motor & Kia: no terms

Qnovo secures investment from Hyundai Motor & Kia: no terms

Hyundai Motor and Kia Invest in Qnovo to Advance Battery Software Collaboration
According to the press release

Hyundai Motor Company and Kia Corporation have made a strategic investment in Qnovo, a developer of battery intelligence software, to expand collaboration on electrification technologies. The partnership aims to integrate Qnovo's software across Hyundai and Kia's electric vehicle (EV) platforms, enhancing battery performance, safety, and lifecycle management.

The global EV market is accelerating, with battery demand projected to reach 4,000 gigawatt-hours (GWh) by 2030, driven by growth in EVs and energy storage systems. Qnovo's technology uses physics-based predictive algorithms to monitor battery health in real time, enabling automakers to optimize performance and warranty management while extending battery residual value. The software operates without hardware modifications and has been validated through extensive testing with Hyundai and Kia.

Nadim Maluf, CEO of Qnovo, stated the investment reflects the growing importance of software-defined battery intelligence in mobility, while Chang Hwan Kim, Hyundai's executive vice president, emphasized alignment with the company's vision for software-driven vehicle longevity and customer experience according to the press release. The collaboration follows years of joint testing, during which Qnovo's algorithms demonstrated reliability standards acceptable to global OEMs.

Hyundai and Kia join existing Qnovo investors, including Blue Earth Capital, BorgWarner, and RockPort Capital. Qnovo, founded in 2013, holds over 60 patents and has deployed its technology in 200 million devices, leveraging 2 million kilometers of vehicle data to refine its models.

The investment underscores automakers' shifting focus toward software as a differentiator in electrification, addressing challenges such as battery affordability and lifecycle economics. With regulatory pressures and market demand for sustainable mobility intensifying, partnerships like this may shape the future of EV innovation.

Qnovo's March 3, 2026, press release: Qnovo's March 3, 2026, press release.