Swedish battery technology company Holyvolt has completed the acquisition of Wildcat Discovery Technologies in a $73 million deal, structured through a combination of cash, equity, and deferred payments.
The move follows Holyvolt’s recent €20 million funding round and takes it towards building a fully integrated battery technology platform. By bringing Wildcat’s advanced materials discovery capabilities together with Holyvolt’s manufacturing technology, the combined entity aims to shorten the path from laboratory breakthrough to scalable production.
The integration positions the group to serve partners across the battery value chain, offering technology development and commercialisation models, including licensing arrangements, tailored to specific industry needs.
Linking discovery and manufacturing under one roof
For decades, one of the biggest bottlenecks in battery innovation has been the gap between discovery and manufacturing. Laboratory breakthroughs often take years to translate into industrial-scale production.
The new combination seeks to remove that divide. Holyvolt contributes its screen-printing-based production technology and water-based materials processing, designed as an alternative to traditional coating and solvent-based slurry methods. The process enables flexible, modular manufacturing that can scale efficiently while lowering environmental impact.
Wildcat adds its High Throughput Platform (HTP), a proprietary system capable of synthesising and screening thousands of material combinations simultaneously. This platform can identify promising battery materials up to ten times faster than conventional research approaches, dramatically accelerating the pace of innovation.
Together, the companies create a pipeline that stretches from molecular discovery to pilot-scale production, enabling promising technologies to reach commercial readiness far more quickly.
A data-rich engine for battery innovation
At the core of Wildcat’s technology lies its ability to generate vast, structured datasets through combinatorial experimentation. The High Throughput Platform produces terabyte-scale materials datasets, among the most detailed in the battery sector.
These datasets allow researchers to apply advanced computational analysis and machine-learning models to identify patterns, optimise material performance, and refine designs faster than traditional laboratory cycles allow.
With the acquisition, this data-driven discovery engine becomes tightly linked to Holyvolt’s production technologies. The result is a development environment where new materials can be identified, tested, optimised, and prepared for manufacturing in a continuous loop.
This integration is expected to significantly shorten optimisation cycles and improve the success rate of new battery material development.
Building cleaner, cheaper batteries for a changing energy landscape
Beyond speed, the combined platform is designed to tackle some of the most pressing challenges in battery production, such as cost, sustainability, and supply chain resilience.
Holyvolt’s water-based manufacturing process reduces reliance on organic solvents commonly used in battery electrode production. The method lowers environmental impact while enabling cost-efficient, scalable production systems.
Wildcat’s materials expertise adds another advantage. Its research includes cobalt-free and nickel-free battery chemistries, which could reduce reliance on scarce or geopolitically sensitive resources while lowering overall material costs.
Together, these capabilities support battery manufacturing systems anchored in Europe and North America, strengthening regional supply chains while supporting the growing demand for clean energy technologies.
Founded in 2022 and headquartered in Sweden, Holyvolt aims to develop scalable clean-energy technologies capable of powering everything from electric vehicles and aerospace systems to grid storage and consumer electronics. By combining accelerated materials discovery with innovative manufacturing techniques, the company is positioning itself to deliver high-performance battery cells, and even photovoltaic technologies, with lower environmental impact.
With Wildcat now part of the group, Holyvolt moves closer to its ambition of transforming how advanced energy technologies are discovered, produced, and brought to market.
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 associated Nobel prizes, said: “With Holyvolt, we can do for batteries what high throughput and AI have done for drug discovery.”
