NEWTWEN

NEWTWEN is a dynamic startup founded in 2020 as a spin-off of the University of Padua under the name Hexadrive Engineering. The company's innovative approach involves developing advanced software solutions for the electrical drive and automation industry, focusing on creating Digital Twins that operate in real-time, evolve adaptively, and can be directly integrated into control chips. This cutting-edge technology allows for accurate estimation of physical quantities with an unprecedented level of accuracy, providing optimal cooling management, real-time monitoring, and model predictive control. Notably, NEWTWEN's solutions enable lower production costs, higher efficiency, energy savings, and extended lifetime for electrical machinery manufacturers and companies involved in the production or usage of electrical and electronic devices. The company received a substantial €7.00M Series A investment on 26 May 2023 from a group of prominent investors, including 360 Capital, Plug and Play Singapore, Join Capital, Vertis, and CDP Venture Capital SGR. With its headquarters in Italy, NEWTWEN is poised to make significant contributions to the electrification transition and accelerate sustainable growth and technological innovation in the industry.