- A new era: Swedish battery technology company Holyvolt has successfully completed the acquisition of US-based battery materials development specialist Wildcat Discovery Technologies in a $73 million deal in a mix of cash, equity, and deferred milestone based payments.
- Accelerated development: Wildcat’s proprietary High Throughput Platform (HTP) simultaneously synthesises and screens thousands of materials combinations, identifying optimal material systems up to 10 times faster than conventional R&D methods
- Data-driven: Wildcat’s high-throughput platform is designed to generate terrabyte-scale, structured materials datasets that enable the integration of machine learning and AI into battery material discovery. Going forward, this capability will accelerate optimization cycles and significantly increase the speed and effectiveness of materials development.
- Innovative Manufacturing: Holyvolt’s production technology based on screen-printing and water-based processing of materials serves as a replacement or complement for conventional coating and organic solvent-based slurries, enabling flexible, modular, sustainable, scalable, and cost-efficient production
- 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.
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Stockholm / San Diego– Swedish battery technology company Holyvolt has completed the acquisition of Wildcat Discovery Technologies, the world’s leading battery materials development firm, in a move that fundamentally reshapes how next-generation batteries are created, optimized, and manufactured.
The combination creates a group with end-to-end capability from molecular discovery to pilot-scale production using a fully integrated High Throughput Platform, eliminating the bottlenecks that have traditionally separated laboratory breakthroughs from commercial reality. The combined entity brings together Holyvolt’s pioneering process technology based on screen-printing, and water-based processes, with Wildcat’s proprietary High Throughput Platform (HTP), which can quickly generate terrabyte-scale structured datasets through combinatorial experimentation. These datasets – among the highest quality in the industry – are primed for AI-driven analysis and accelerated learning.
The announcement follows Holyvolt’s recent €20 million funding round and will deliver world-class technical capabilities to the global battery sector across a broad range of industries including automotive, consumer electronics, aerospace, storage and defence. The combined entity will serve partners and customers across the entire battery supply chain as a technology development partner, with commercialisation models – including licensing arrangements – tailored to each customer’s specific requirements.
Leveraging more than 20 years of development, the combination of Holyvolt’s unique process technology and Wildcat’s world-leading chemistry expertise has created a supplier capable of quickly bringing world-class battery innovations to market by integrating rapid innovation, flexible process technology, and rapid scaling to pilot capacity.
This transformational step directly addresses the critical challenges facing the global clean energy transition in Europe and North America: production costs, sustainability, and supply chain independence and competitiveness.
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.”
