Recurrent

Overview

Recurrent Auto specializes in providing detailed battery analytics for electric vehicles (EVs). The company, operating under the brand Recurrent, offers transparency and confidence for EV owners and shoppers by analyzing critical battery performance factors like temperature, age, charging habits, and more. Founded in 2020, Recurrent has raised substantial funds to enhance its platform and expand its market reach. Based in Seattle, Washington, the company was co-founded by Scott Case and Cameron Oehring, both of whom brought extensive experience in technology and analytics to the burgeoning EV industry.

Recent Developments

  • October 2024: Recurrent launched a new platform update that further refines battery health predictions using advanced AI algorithms, significantly enhancing users’ ability to estimate potential degradation.
  • August 2024: The company reported a significant uptick in app users, surpassing 500,000 active users due to heightened awareness of EV battery health concerns.
  • June 2024: Recurrent completed a Series B funding round, raising $50 million to expand its data infrastructure and accelerate platform improvements.
  • April 2024: The firm announced a partnership with a leading EV manufacturer to integrate Recurrent’s analytics directly into vehicles, allowing seamless battery monitoring.
  • February 2024: Recurrent released an industry report highlighting trends in EV battery performance, which was hailed as a pivotal document for EV buyers and owners alike.

Company Information

AttributeInformation
Founding Date2020
HeadquartersSeattle, Washington, USA
FoundersScott Case, Cameron Oehring
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsNot publicly disclosed
IndustryElectric Vehicles, Battery Analytics
Number of EmployeesApproximately 100

Early History

Recurrent was founded in 2020 by Scott Case and Cameron Oehring, who aimed to address the lack of transparency in the electric vehicle market regarding battery longevity and health. The idea emerged from observing the challenges faced by EV owners in accurately assessing their vehicle's battery condition. The founders combined their expertise in data analytics and technology development to create a solution that provides detailed insights into battery performance. Early on, the company focused on creating an algorithm capable of predicting battery degradation over time, a feature that soon captured significant interest from both consumers and investors.

Company Profile and Achievements

Recurrent pairs data science with vast EV battery datasets to offer insights into battery life and longevity for electric vehicles.

  • Business Model: The platform combines predictive analytics with user data to provide comprehensive battery health reports for EVs, a feature indispensable for both current EV owners and potential buyers.
  • Milestones: Within two years of its inception, Recurrent had established itself as a leader in EV battery analytics and had begun forming partnerships with key automotive industry players.
  • Product Innovations: Recurrent continuously develops its algorithms to predict battery performance under various conditions, facilitating more informed decisions for users.
  • Industry Impact: The company's analytics model significantly influences the used EV market by providing reliable battery health assessments, a game changer for resale values.

Current Operations and Market Position

Recurrent's current operations involve continual advancements in their predictive models, utilizing AI and machine learning to enhance the accuracy and reliability of battery health reports. By integrating user feedback and adopting industry-best practices, Recurrent solidifies its position as a pioneer in electric vehicle battery analytics.

Strategic partnerships with car manufacturers have expanded Recurrent's reach, embedding their technology into the EV sales and service ecosystem. This positioning benefits both consumers looking for transparency in second-hand EV sales and manufacturers aiming to provide comprehensive data to new car buyers.

Conclusion

Recurrent's innovative approach to EV battery analytics sets the company apart in the electric vehicle sector. By addressing significant concerns about battery longevity and performance, Recurrent helps demystify the EV ownership experience, bringing confidence to users through detailed insights. As the company continues to evolve, expand its partnerships, and refine its platform, it is poised to play a crucial role in shaping the future of electric vehicle technology and sustainability.

References

  1. Recurrent Auto Homepage
  2. Recurrent LinkedIn Profile
  3. Crunchbase Recurrent Ventures Overview
  4. Recurrent Ventures Announces New Funding Date in Press Release
  5. Recurrent Ventures Latest Industry Report