Energica Motor Company and Electra Vehicles Inc. announced a strategic R&D partnership to revolutionize the electric two-wheeler market. This collaboration will leverage Electra's AI-powered technology to enhance battery performance, optimize vehicle range, charging, and lifetime while also improving the overall driving experience. Energica has been at the forefront of electric vehicle technology from its base in Italy'sMotor Valley for over a decade, consistently introducing pioneering solutions.

This new strategic R&D collaboration with Electra will utilize Electra's 'Brain for Batteries' AI technologyto improve the battery management systems (BMS) in Energica's vehicles, enhancing performance across the board. AI is crucial in managing real-time battery performance, benefiting drivers, vehicle OEMs, and fleet operators alike. Electra's advanced algorithms seamlessly integrate battery data with external factors such as driving behavior and temperature.

This data integration and elaboration through AI algorithms can shorten charging times, optimize range extension, extend battery life, and reduce the battery's operational costs. These enhancements help alleviate range anxiety for drivers and foster broader adoption of electric vehicles. Electra's AI-powered Technology enhances battery performance by optimizing energy consumption and reducing charging times.

It accurately estimates the battery's state of health with up to 97% accuracy throughout its entire lifespan, extending its life by over 20%. The technology also provides precise range estimations with just a 1% error rate, helping to reduce range anxiety. Additionally, it preemptively detects faults and maintenance issues months in advance, significantly improving safety, reliability, and cost efficiency.

This comprehensive approach elevates battery asset monitoring, increases operational efficiency, and boosts ROI for electric vehicles and batteries, promoting the broader adoption of EVs. By integrating Electra's solutions to enhance battery life, performance, predictive maintenance, and fault detection, Energica effectively minimizes costs associated with downtime and maintenance while improving battery reliability. Through this innovative technology and this R&D program with Electra, Energica wants to reaffirm its dedication to delivering its customers the safest and most innovative solutions.