Secretive energy startup Holyvolt pulls in €10m – but on what exactly?
30 juni 2025
10:13
Until recently, Munich-based Holyvolt was one of the most low-key energy tech players in Europe. Backed by car giant Volvo and the Swedish Wallenberg family's investment firm FAM, the startup didn't even have a website as recently as autumn 2024.
But new filings reveal the company had a turnover of €10m in 2024.
"We try to stay humble and not broadcast anything before there's something concrete to show," CEO and co-founder Mathias Ingvarsson tells Impact Loop.
But new filings reveal the company had a turnover of €10m in 2024.
"We try to stay humble and not broadcast anything before there's something concrete to show," CEO and co-founder Mathias Ingvarsson tells Impact Loop.
When Impact Loop first reported on Holyvolt – which has nothing to do with Swedish battery firm Northvolt – in October 2024, the Swedish company's website displayed little more than a "launch in progress" page.
At the time, co-founder and CEO Mathias Ingvarsson offered only vague hints about Holyvolt's technology, describing it as based on "600-year-old screen-printing methods".