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700

Dr. Michael Baumann

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Dr. Michael Baumann
CEO & Co-Founder of
TWAICE (2018)
About

Dr. Michael Baumann is Co-Founder and Co-CEO at TWAICE, a Munich-based battery analytics software company that uses digital twin technology to optimize battery performance and lifetime for electric vehicles and energy storage systems.

Before founding

Michael earned his Dr.-Ing. in Mechanical Engineering from Technical University of Munich in 2018, where he researched battery management systems and second-life batteries. He worked as a Research Associate at TUM from 2014 to 2018 before co-founding TWAICE.

Founder Insights

Michael holds multiple patents in battery analytics and co-developed physics-motivated semi-empirical aging models with groundbreaking features like OCV-aging and swelling force modeling. TWAICE earned recognition among Europe's top 50 fastest-growing tech companies and won Reuters Startup of the Year in Global Energy Transition Awards.

Experience

TWAICE has raised over 90M in venture funding from leading investors including Coatue, Energize Ventures, Creandum, Cherry Ventures, Speedinvest, and UVC Partners. The company serves major clients including Mercedes-Benz, Porsche, Audi, Fluence, and Verbund across automotive and energy storage sectors.

Scale & Impact

TWAICE has grown to over 140 employees with offices in Munich, Chicago, and Paris, analyzing over 5GWh of battery energy storage systems. The company increased sales by roughly 250% in 2021-2022 and reports delivering average 5% improvement in recoverable energy while reducing analyst time per asset by 80-90%.

700

Dr. Michael Baumann

TWAICE
Co-Founder
Logo
Dr. Michael Baumann

Company(s)

TWAICE

Industry

Climate / Social Tech

Year Founded

2018

Stage/Funding

Series B • $90M

Company Location

de

Connect

About

Dr. Michael Baumann is Co-Founder and Co-CEO at TWAICE, a Munich-based battery analytics software company that uses digital twin technology to optimize battery performance and lifetime for electric vehicles and energy storage systems.

Before founding

Michael earned his Dr.-Ing. in Mechanical Engineering from Technical University of Munich in 2018, where he researched battery management systems and second-life batteries. He worked as a Research Associate at TUM from 2014 to 2018 before co-founding TWAICE.

Founder Insights

Michael holds multiple patents in battery analytics and co-developed physics-motivated semi-empirical aging models with groundbreaking features like OCV-aging and swelling force modeling. TWAICE earned recognition among Europe's top 50 fastest-growing tech companies and won Reuters Startup of the Year in Global Energy Transition Awards.

Experience

TWAICE has raised over 90M in venture funding from leading investors including Coatue, Energize Ventures, Creandum, Cherry Ventures, Speedinvest, and UVC Partners. The company serves major clients including Mercedes-Benz, Porsche, Audi, Fluence, and Verbund across automotive and energy storage sectors.

Scale & Impact

TWAICE has grown to over 140 employees with offices in Munich, Chicago, and Paris, analyzing over 5GWh of battery energy storage systems. The company increased sales by roughly 250% in 2021-2022 and reports delivering average 5% improvement in recoverable energy while reducing analyst time per asset by 80-90%.

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