Holyvolt, a renewable energy technology company, has completed the acquisition of Wildcat Discovery Technologies, a company developing nickel- and cobalt-free cathode materials used in batteries for energy storage and electric vehicles.
Holyvolt develops thin-film solar technology. The technology enables screen printing of solar cells under ambient conditions, removing the need for energy and capital-intensive vacuum and clean-room processes. The company also offers printing-based technology for batteries that enables high material and process flexibility across different battery chemistries.
Wildcat’s High Throughput Platform is stated to synthesize and screen thousands of material combinations in parallel, identifying optimal battery chemistries up to ten times faster than conventional R&D methods.
The acquisition is expected to combine advanced materials development with scalable manufacturing on a single platform.
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.”
In 2022, Wildcat raised $90 million in a Series D funding round led by Koch Strategic Platforms (KSP), an investment subsidiary of Koch Industries, with significant investments from Eastman Kodak and Fifth Wall Climate.
According to Mercom’s Annual and Q4 2025 Funding and M&A for Energy Storage report, the corporate M&A activity decreased, with 22 companies acquired in 2025 compared to 25 in 2024.
In September 2025, I Squared Capital, an infrastructure investment manager, entered into a definitive agreement to acquire a majority equity interest in ENTEK Technology Holdings, a manufacturer of battery separators. I Squared’s $800 million investment is paired with a loan of up to $1.3 billion from the DOE’s Advanced Technology Vehicles Manufacturing program.
