NEW YORK, NY / ACCESSWIRE / June 13, 2023 / vsNEW, Inc. announced the launch of their EV and hybrid vehicle Battery Health Reports, which grade an EV or Hybrid vehicle’s battery vs. when it was new.
“Battery health is critical to EV value, which makes it vital for owners, buyers, dealerships, service shops, auctions, banks, leasing companies, insurance companies, and warranty companies – the entire automotive ecosystem,” said Sachin Chaudhry, Co-founder and CEO of vsNEW. “We answer the most important questions – what is my current range and is my battery okay?”
vsNEW collects and analyzes hundreds of diagnostic datapoints directly from a vehicle’s battery management system (BMS), with data from each individual cell/module. Each Battery Health Report shows the battery’s overall vsNEW score, which is a combination of the battery state of health and a detailed analysis of battery replacement risk. vsNEW provides the most accurate assessment of battery health across all OEMs within minutes, without using estimates and assumptions often used by lab-based models or telematics-based predictions.
Thomas Gerding, owner of RockStar Automotive in Melbourne, FL, and an early user of vsNEW said, “As a Master Tech, I get asked all the time – When will I need to replace my battery? There are so many variables that make this question impossible to answer. I would usually check for codes and look at battery voltages. Other than that, mileage is probably the only other indicator I had before vsNEW. I think vsNEW is onto something and it will be a great tool for a repair shop like mine. “
Dave Berlin, fellow vsNEW Co-founder explained, “A replacement EV battery costs almost as much as a used EV’s total value – if a replacement is even available. How can a used EV buyer make a purchase without knowing about the condition of the battery? How can a bank finance an EV purchase without knowing how long the battery will last? How can an extended warranty company manage its EV risk without knowing if the battery already has an issue? The entire automotive ecosystem will need to rewrite its playbook as it transitions from using odometers for ICE vehicles to battery health for EVs.”
vsNEW was founded in 2021 and is part of the Newlab accelerator in Brooklyn, NY. To learn more, please visit www.vsnew.com. For more information or to arrange an interview please contact Dave Berlin at [email protected].
SOURCE: vsNEW, Inc.
