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Oshkosh invests in AI battery management firm Eatron

EditorAhmed Abdulazez Abdulkadir
Published 02/29/2024, 11:55 AM
© Reuters.

OSHKOSH, Wis. - Oshkosh Corporation (NYSE: NYSE:OSK), a global manufacturer of specialty vehicles and equipment, announced its investment in Eatron Technologies, a developer specializing in Artificial Intelligence (AI)-powered Battery Management Software (BMS).

This strategic move aims to enhance the performance and safety of Oshkosh's electric vehicle (EV) offerings through advanced analytics and predictive modeling for lithium-ion batteries.

Eatron Technologies is at the forefront of battery management innovation, creating an intelligent software layer that can be integrated with existing battery control platforms and operated both on the cloud and at the edge. This technology is designed to provide accurate and reliable predictions about battery state, health, and operation.

John Pfeifer, president and chief executive officer of Oshkosh Corporation, stated that the investment aligns with the company's electrification and advanced analytics strategy. He emphasized that the AI-enabled BMS would offer enhanced safety and continuous performance optimization for their EV product line.

Dr. Umut Genc, founder and CEO of Eatron, expressed that the funding from Oshkosh Corporation would enable the development and deployment of new embedded and cloud-based features for their software platform. Genc highlighted the increasing trend towards software-defined vehicles and batteries and Eatron's role in accelerating this transformation.

The investment is part of a broader capital raise by Eatron to advance its battery management solutions. Oshkosh Corporation, headquartered in Wisconsin and employing approximately 17,000 team members globally, produces equipment under various brands, including JLG®, Pierce®, and Oshkosh® Defense. The company's products are used in over 150 countries.

The information is based on a press release statement from Oshkosh Corporation.

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