StartupsFortuneabout 1 hour ago
Holyvolt Raises $45 Million for Batteries
6 min read
Holyvolt, a Stockholm-based battery startup, raises $45 million in equity from Fifth Wall, Zone II, CC.VC and angel investors to develop non-Chinese cathode materials. The round values the company at $245 million. CEO Mathias Ingvarsson aims to launch commercial products by Oct. 1, 2027, aligning with a Pentagon ban on buying batteries from Chinese manufacturers like CATL and BYD.
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