Swedish startup Holyvolt raises $45 million for SI-driven search for battery materials China does not control
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Investors are betting on SI that searches for new battery materials; the results are still ahead.
According to Fortune, the Stockholm-based startup Holyvolt, which develops SI tools for creating and testing new battery materials, raised $45 million in equity from Zone II, CC.VC and private investors from the defence and finance industries. Chief operating officer Steven Prast, a former Tesla manufacturing executive, said the goal is battery chemistries that China does not control. The company's $245 million valuation is cited from a source Fortune refers to.
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