DigestAI news desk

Cut through the AI noise.

Business & Funding5 min read

Holyvolt raises $45 million to develop AI-driven battery materials

Holyvolt, a Stockholm‑based startup that builds AI tools for discovering new battery chemistries, announced a $45 million equity round led by Zone II, CC.VC and several angel investors from the defense and finance sectors. The company told Fortune the financing values Holyvolt at $245 million, according to a person familiar with the deal.

1 source

Key points

  • Holyvolt secured $45 million in equity from Zone II, CC.VC and angel investors, valuing the startup at $245 million.
  • The company merged with Wildcat Discovery Technologies, using its high‑throughput testing data to train AI models for new cathodes.
  • Holyvolt aims to launch its DRX cathode material in 2027 for UAVs, ahead of a U.S. defense ban on Chinese battery suppliers.

Holyvolt recently merged with San Diego’s Wildcat Discovery Technologies, a firm that has tested more than 500,000 cells and completed over 225 projects for customers such as BMW. Holyvolt says it has trained AI models on Wildcat’s high‑throughput data, creating a loop where lab tests sharpen predictions and the models guide the next experiments. The startup claims its lab operates about ten times faster than conventional R&D, based on a customer case study.

The first product from this loop is a cathode family called DRX (disordered rocksalt), which Prast describes as delivering “NMC‑like” performance at roughly the landed cost of LFP and with a fully friendly supply chain. Holyvolt plans to start commercializing DRX in 2027, beginning with unmanned aerial vehicles, just before a U.S. defense law bars Pentagon purchases from Chinese battery makers after Oct. 1 2027.

Full story from fortune.com · by Nick Lichtenberg · via TechmemeOpen source ↗

Holyvolt, which develops AI tools for making and testing new battery materials, raised $45M from Zone II, CC.VC, and others, a source says at a $245M valuation

fortune.com · 18 October 2026

Loading the full article…

This text was published by fortune.com and written by Nick Lichtenberg. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗

Topics · follow one to build your own front page
HolyvoltZone IICC.VCWildcat Discovery TechnologiesTeslaBMWSteven PrastMathias IngvarssonPeter Schultz

The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.

Comments

via GitHub Discussions

More in Business & Funding

All →

Related stories