Holyvolt Acquires Wildcat Discovery Technologies for $73 Million to Enhance Battery Development
Swedish battery company Holyvolt has acquired U.S.-based Wildcat Discovery Technologies for $73 million, aimed at accelerating next-generation battery development. The deal combines Holyvolt's innovative manufacturing with Wildcat's High Throughput Platform, enabling rapid testing of battery materials. This partnership seeks to shorten the development timeline, reduce environmental impact, and lower production costs, while building a competitive battery supply chain independent of Asia.
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Holyvolt has acquired Wildcat Discovery Technologies for $73 million to enhance next-generation battery development. This acquisition integrates Holyvolt's manufacturing processes with Wildcat's High Throughput Platform, which tests thousands of battery material combinations quickly.
The collaboration aims to streamline the transition from research to commercial production and reduce costs and environmental impact. The combined platform targets advancements in various industries, including automotive and energy storage. This deal follows Holyvolt's €20 million funding round and highlights a growing effort to create competitive battery supply chains in Europe and North America.
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