What Elysia - Battery Intelligence from Fortescue does

Elysia is the battery intelligence software division of Fortescue Zero (formerly Williams Advanced Engineering), an Oxfordshire-headquartered subsidiary of Fortescue. Founded as a standalone brand in April 2023, Elysia develops physics-informed, probabilistic battery analytics software that fuses first-principles electrochemical modelling with machine learning to extend battery life, enhance safety, and unlock performance across electric vehicles, battery energy storage systems (BESS), motorsport, and heavy industry. Its dual-product architecture comprises Elysia Cloud (a SaaS analytics platform with lifetime forecasting, safety prognostics, SOC management, and a self-service Simulation Toolkit) and Elysia Embedded (hardware-agnostic BMS algorithms covering SoC, SoH, SoP, always-on balancing, and fault prognosis for OEM integration).

The company operates an enterprise B2B software model with three revenue streams: subscription-based cloud licences to BESS operators, OEMs, fleet operators, and financiers; per-unit or per-agreement embedded algorithm licensing to OEMs and battery system developers; and supporting professional services (commissioning, FAT/SAT). Distribution is primarily through direct enterprise field sales supplemented by a product-led Simulation Toolkit channel and a bespoke API. Elysia serves automotive OEMs (Lotus, JLR), motorsport (Extreme E, LMDh), mining and heavy industry (Fortescue internal deployment on electrified haul trucks), and BESS owners/operators — a customer base materially extended in January 2026 through the acquisition of US-based on-site precision-control specialist Zitara.

Name

Elysia - Battery Intelligence from Fortescue

Legal name

WAE Technologies Limited

Website

https://elysia.co

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Elysia is the Oxford-based battery intelligence software arm of Fortescue Zero, providing physics-informed, probabilistic AI software for battery lifetime, safety, and performance optimisation. It serves automotive OEMs, BESS operators, fleet managers, and motorsport customers via its Elysia Cloud and Elysia Embedded product lines.

Ownership category

akta.pro rank

Product category

Battery Intelligence Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Battery Analytics, Digital Twins, SoH/SoC Estimation & Degradation-Aware Dispatch (EUAFAKAK)

akta.pro secondary industries

Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC), Forecasting & AI Optimization for Flexibility (Load/Price/Renewables/SoC) (EUAFAKAH), Battery Management Systems (BMS) & Safety Controls (EUAFAAAD)

Keywords

• Battery intelligence software
• Battery management systems
• Energy storage analytics
• Electric vehicle battery
• Battery degradation forecasting

Headquarters

HQ city

Kidlington

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Elysia Cloud Subscriptions: Cloud-based battery analytics software sold as a subscription to owners & operators, OEMs, fleet managers, and financiers of battery systems. Provides lifetime, safety, and performance insights on a recurring basis.
2. Elysia Embedded - BMS Algorithm Licensing: Best-in-class BMS algorithms embedded into customer battery systems. Hardware-agnostic algorithms can be integrated into existing software stacks. Revenue likely from licensing fees per unit or per OEM agreement.
3. Professional Services & Integration: Implementation support, commissioning, factory acceptance testing (FAT), and site acceptance testing (SAT) services offered alongside software products to enterprise customers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Elysia develops and sells battery intelligence software that combines physics-informed electrochemical modelling with probabilistic AI to extend battery life, enhance safety, and unlock performance. The company offers two main product lines: Elysia Cloud, a subscription-based SaaS platform providing lifetime forecasting, safety prognostics, and performance insights to fleet operators, BESS owners, and OEMs; and Elysia Embedded, a suite of hardware-agnostic BMS algorithms (SoC, SoH, SoP, Balancing, Fault Prognosis) licensed to automotive OEMs and battery system developers for integration into their own battery management systems.

Product overview

Elysia offers a dual-product architecture comprising Elysia Cloud (cloud-based battery intelligence platform) and Elysia Embedded (hardware-agnostic BMS algorithm suite). Elysia Cloud turns standard telematics data into insights for lifetime forecasting, safety prognostics, and performance optimisation, and includes the Simulation Toolkit with Web App, Bespoke API, and Simulink Integration. Elysia Embedded provides on-device SoC, SoH, SoP, Balancing, and Fault Prognosis (Beta) algorithms deployable to standard automotive-grade hardware. Both products are powered by physics-informed AI and probabilistic statistical methods developed from over a decade of motorsport and real-world battery deployment experience. The portfolio spans automotive (micromobility to mining trucks), energy storage (BESS), and was expanded in 2026 through the acquisition of Zitara (on-site precision control).

Differentiator

Problem solved

Functional benefit

Brands

• Elysia Cloud: Cloud-based battery analytics platform providing life, safety, and performance insights for battery systems.
• Elysia Embedded

Products and services

• Elysia Cloud Cloud-based battery intelligence platform that combines expert battery knowledge, world-class data science, and systems understanding to turn standard telematics data into actionable insights. Provides lifetime forecasting, safety prognostics, and performance optimisation for commercial vehicle fleets, OEMs, BESS operators, and financiers. Includes Simulation Toolkit with Web App, Bespoke API, and Simulink Integration.
• Elysia Embedded Hardware-agnostic suite of best-in-class BMS algorithms compatible with low-cost compute platforms. Includes State of Charge (SoC), State of Health (SoH), State of Power (SoP), Always-on Balancing, Intelligent Fast Charge, and Fault Prognosis (Beta) algorithms that OEMs and battery system developers integrate into their own battery management systems to unlock battery performance, safety, and lifetime.
• Simulation Toolkit

Quantifiable outcome

• Increase battery life by up to 30%
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature11 records

Partnerships

Six partnerships are on record, tiered core.

• ZitaracoreTechnology or Integration · 14 January 2026Fortescue acquired Zitara, a US-based company specialising in on-site precision control solutions for BESS. The acquisition combines Elysia's existing industry-leading cloud-based products with on-site systems for Battery Energy Storage, creating a powerful combination of cloud analytics paired with real-time on-premises controls to maximise trading revenue, asset lifetime, and safety.
• JLR (Jaguar Land Rover)coreStrategic or Co-development Partner · 20 May 2024Multi-year strategic collaboration for Fortescue's Elysia battery intelligence software to be deployed across JLR's portfolio of luxury electric vehicles, starting with Range Rover Electric. Elysia software monitors battery health throughout the vehicle's life to enhance longevity, safety, and performance. Clients can anticipate faster EV charging times and enhanced performance. Collaboration is first-of-its-kind in the automotive industry on a production fleet with Fortescue's software.
• Fortescue Zero (formerly WAE - Williams Advanced Engineering)coreOthers · 1 March 2022Elysia is part of Fortescue Zero, which was established in 2010 by Williams Grand Prix Engineering to commercialise technology from the race track. Fortescue Zero (formerly WAE) was acquired by Fortescue in March 2022 to support Fortescue's zero emissions target and decarbonisation goals. Fortescue Zero is a leader in electrification and energy storage systems developing solutions for next-generation electric vehicles.
• LotuscoreStrategic or Co-development Partner · 1 January 2019In 2019, Fortescue Zero entered a strategic technical partnership with Lotus, sharing R&D into advanced propulsion technologies. Central to the partnership was the Lotus Evija hypercar, featuring the world's most power dense EV road-car battery outputting 2000kW, with world-leading fast charge times.
• Extreme EcoreStrategic or Co-development PartnerFortescue Zero won the battery contract for the all-electric off-road series Extreme E. The series is designed to highlight the impact of climate change across extreme environments. Despite conditions ranging from -10°C to 40°C, the battery system achieved 99.9% in-race reliability whilst delivering sporting equity and ultra-high performance.
• LMDh (Le Mans-Daytona Hybrid) RegulationscoreStrategic or Co-development PartnerFortescue Zero served as exclusive battery supplier to the LMDh (Le Mans-Daytona Hybrid) set of regulations. Fortescue developed an ultra-high power battery system capable of continuous operation over 24-hour race periods. Elysia Embedded powers the system with Always-On Balancing and model-based State-of-Power algorithms.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Fluence Energy: Fluence is a global BESS system integrator and operator with an in-house software platform (Nispera) for asset monitoring and optimization. Overlaps with Elysia's BESS operator customer base but as a much larger incumbent with hardware and full-stack delivery.

Emerging players

• KULR Technology Group: KULR offers battery safety, thermal management, and battery intelligence platforms including the recently-acquired State of Charge BMS software. Comparable in the embedded BMS and battery analytics software market for EVs and storage.
• Rimac Technology (Energy): Rimac Technology has a BESS-focused software and analytics effort (formerly Rimac Energy) where Elysia's Principal PM previously led battery degradation analytics. Comparable to Elysia's BESS intelligence offering with automotive lineage and European footprint.
• Eatron Technologies: Eatron is a UK-based supplier of AI-driven BMS and battery analytics software targeting automotive OEMs and Tier-1s. Comparable to Elysia Embedded in the software-defined BMS category with overlapping customer base in European OEMs.
• Brill Power: Brill Power is an Oxford-based BMS hardware and software company focused on intelligent battery management for stationary storage and e-mobility. Strong technology overlap with Elysia's BMS and BESS solutions and shared UK/Oxford ecosystem.

Direct peers

• Accure Battery Intelligence: Accure provides a cloud-based battery analytics and safety platform for stationary storage, EVs, and micromobility, with strong focus on BESS operators. Directly comparable to Elysia Cloud for grid-scale and behind-the-meter storage use cases.
• Voltaiq: Voltaiq offers an Enterprise Battery Intelligence platform that ingests cycling and field data to provide SoH and lifetime analytics for cell makers, OEMs, and BESS operators. Closely overlaps with Elysia's cloud analytics value proposition across automotive and storage.
• Qnovo: Qnovo develops AI-based battery management software embedded in device firmware, including adaptive fast-charging and SoX estimators for EVs. Directly competes with Elysia Embedded on algorithm licensing into OEM BMS stacks.
• TWAICE: TWAICE is a Munich-based battery analytics software company offering cloud-based lifetime, safety, and performance insights for EVs and BESS. It is the closest direct competitor to Elysia Cloud in terms of customer segments (automotive OEMs, BESS operators, fleet managers) and predictive analytics depth.

Regional players

• Tesvolt: Tesvolt is a German commercial and industrial BESS integrator with proprietary battery management software for storage installations. Adjacent to Elysia in the BESS analytics and intelligent BMS space but primarily DACH-focused and bundled with hardware.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elysiabi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elysia - Battery Intelligence from Fortescue