Holyvolt Acquires Wildcat Discovery Technologies
Holyvolt has completed the acquisition of US-based Wildcat Discovery Technologies, a globally recognized leader in battery materials discovery. The combination brings together advanced materials development and scalable manufacturing technologies in a single platform designed to accelerate how next-generation batteries move from laboratory breakthroughs to industrial production. Holyvolt is excited to welcome the Wildcat Discovery team. The following outlines why this combination is so important for the future of battery innovation.
Over the last decade, the West has tried to catch up with Asia on batteries.
In 2025 – it felt like the West gave up. Battery plants were cancelled. Funding dried up and OEMs pulled back on off-takes. The US has blocked Chinese imports but they have no domestic alternative – so they find other ways to import.
At the same time, batteries are becoming more important, not less.
We can’t build a safe, sustainable society without access to batteries. Everyone knows that low-cost, low-carbon energy requires batteries. AI is driving an unprecedented surge in electricity demand and data center infrastructure, making reliable energy storage more critical than ever. Automation and sustainable transportation is electric and western automakers risk being niche players. Modern warfare is becoming electric.
Holyvolt has acquired Wildcat Discover Technology and together we have the tools that give the West a fighting chance.
High Throughput
Wildcat’s High Throughput Platform addresses this challenge by synthesizing and screening thousands of material combinations in parallel, identifying optimal battery chemistries up to ten times faster than conventional R&D methods.
AI driven material discovery
High throughput provides the foundation for AI-driven material discovery. By linking machine learning with automated experiments, the platform creates rapid feedback loops between models and real-world validation, accelerating the development of better battery materials
Innovative Manufacturing
Combined with Holyvolt’s flexible manufacturing platform, the integrated technology connects rapid materials discovery directly to scalable production. Holyvolt’s screen-printing and water-based manufacturing technology enables modular, energy-efficient electrode production while reducing capital requirements and environmental impact compared with conventional battery manufacturing methods.
Sustainable, Secure and Cost-Effective
Holyvolt’s water-based manufacturing process and Wildcat’s modern materials combine to deliver cleaner, cheaper battery production with inherently lower capital requirements and supply chains anchored in Europe and North America. Further potential in performance and cost reduction can be unlocked by Wildcat’s cobalt- and nickel-free materials.
Following our recent €20M funding round, we are now positioned to support partners across the battery value chain. For customers this means:
- Next-generation battery materials in years, not decades, resulting in less waiting, faster product launches and earlier competitive advantage.
- They don’t just get new materials — they get data-optimized systems and better optimized batteries. More predictable outcomes. Better performance trade-offs.
- Cleaner, more flexible manufacturing means lower cost & capex. Faster factory ramp-up. More sustainable production. Lower barriers to production.
- Strategic resilience and secure, future-proof supply chains. Not just better batteries – but a more secure and sustainable future.
Leaders from Holyvolt and Wildcat Discovery share their perspective on the significance of this combination:
– Mathias Ingvarsson, Founder & CEO, Holyvolt, said:
The acquisition of Wildcat is a perfect complement to our intended strategy of developing new technologies for the battery industry.
”Holyvolt is focused on developing new processes to make batteries cleaner and more affordable, and Wildcat has been pursuing the same goals via materials development and better chemistry. Combined, we are building what we believe is the most compelling technology to deliver on these objectives.”
Magnus Tyreman, Chairman of Holyvolt and former Head of McKinsey Europe, said:
The West must accelerate the development of next-generation battery technologies to secure long-term energy independence. The acquisition of Wildcat strengthens our ability to advance that mission.
Mark Gresser, President and CEO, Wildcat Discovery Technologies, said:
The Wildcat team is thrilled with this acquisition by Holyvolt.
”Mathias and team are very thoughtful with regard to their objectives in the battery industry, and recognise the value that Wildcat’s High Throughput Platform can deliver to our combined company and the industry at large. With Holyvolt’s vision and financial backing, Wildcat can finally unlock the true potential of high throughput combinatorial chemistry for battery materials.”
Prof. Peter Schultz, Founder, Wildcat Discover Technologies, noted pioneer of High Throughput, & CEO of Scripps Research – with six accociated Nobel prizes, said:
With Holyvolt, we can do for batteries what high throughput and AI have done for drug discovery.
Holyvolt decided during a board meeting on the 25th November to elect Magnus Tyreman as its new chairman of the board. Magnus Tyreman is currently holding the position as chairman of the board as Stockholm School of Economics. He is also former Head of McKinsey in Europe, as well as part of McKinsey’s global leadership.
Mathias Ingvarsson, CEO of Holyvolt, commented on the new chairman:
Magnus Tyreman knows the company well and can quickly step into a more active role.
”He will be very operational and active in the business on a daily basis, which is a need we have seen emerge over the past few months as the company has taken shape,” said Mathias Ingvarsson, CEO of Holyvolt.
Holyvolt is pleased to announce the successful conclusion of its A-Round funding, securing 200 MSEK in equity. The funding round, which closed in October 2024, marks a significant milestone for Holyvolts as it accelerates its mission to provide sustainable energy solutions, and ultimately to Power the Planet with positive energy.
The A-Round investment was led by a prominent venture capital firm and strategic investors who share Holyvolts’ vision of advancing renewable energy technologies and combating climate change. This substantial infusion of capital will empower Holyvolt to expand its research and development initiatives, enhance its product offerings, and scale its operations to meet the growing global demand for clean energy solutions.
Commenting on this achievement, Mathias Ingvarsson, CEO of Holyvolt, expressed his enthusiasm for the company’s progress and the support received from investors:
This successful A-Round funding underscores investors’ confidence in Holyvolt’s innovative approach to addressing the world’s energy challenges.
”We are grateful for the trust and support of our investors, whose partnership enables us to accelerate the development and deployment of cutting-edge renewable energy technologies. With this significant capital injection, Holyvolts is poised to achieve new milestones and drive meaningful impact in the transition towards a sustainable energy future.”
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Holyvolt Acquires Wildcat Discovery Technologies, source
