Secretive startup Holyvolt buys US battery firm for $73m: 'Best in the world'

Holyvolt CEO Mathias Ingvarsson and members of the team in San Diego. Photo: Johann Bernövall / press photo.
5 mars 2026
15:37
Holyvolt CEO Mathias Ingvarsson and members of the team in San Diego. Photo: Johann Bernövall / press photo.
Secretive materials startup Holyvolt has acquired an US battery player in a $73m deal, Impact Loop can reveal.

"They have a fantastic customer base," Holyvolt CEO Mathias Ingvarsson tells Impact Loop.

Impact Loop first lifted the lid on Holyvolt in late 2024 when the Swedish startup raised €9.4m despite still being in stealth mode.

It's backers include Volvo, climate tech VC Course Corrected, and FAM, the investment vehicle of Sweden’s Wallenberg family.

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