Holyvolt is a technology company.
Holyvolt AB develops and commercializes innovative energy production and energy storage products, utilizing over 20 years of research in nanopaste development and printing technology.
Holyvolt has raised $18.0M across 2 funding rounds.
Holyvolt has raised $18.0M in total across 2 funding rounds.
Holyvolt has raised $18.0M in total across 2 funding rounds.
Holyvolt's investors include Avid Ventures, Valar Ventures, Victor Jacobsson.
Holyvolt is a Swedish energy technology startup founded in 2022 that develops next-generation thin-film solar technology, solid-state batteries, and high-density heating films using a proprietary screen-printing manufacturing process based on nanoparticle coatings and nano paste.[1][2][3][4] The company targets B2B applications in energy production, storage, and heating, solving problems of high production costs, scalability, and emissions through cost-efficient, flexible, and low-emission solutions.[1][2] It serves industrial partners and residential markets, with early growth demonstrated by €10 million in 2024 revenue from a major joint development agreement in battery tech, yielding €630,000 in profit, and backing from investors like Volvo Cars and the Wallenberg family's FAM.[2][3]
Holyvolt AB emerged in 2022 from over 20 years of research into innovative energy production and storage, headquartered in Stockholm with operations noted in Munich.[1][2][4] Co-founder and CEO Mathias Ingvarsson, who maintains a low-profile approach, leads the venture; the team leverages ancient 600-year-old screen-printing methods adapted with modern nanotechnology for energy applications.[2][4] The idea crystallized around replacing traditional electrode production with screen-printing for heating, solar, and batteries, staying secretive without a full website until late 2024.[2] Pivotal early traction came in July 2024 via a Joint Development Agreement and MoU with a leading battery industry partner, securing an initial €10 million payment that drove rapid commercialization.[2]
Holyvolt stands out in the cleantech space through its streamlined screen-printing process, which enables precise, layer-by-layer construction for flexible energy products. Key strengths include:
Holyvolt rides the global surge in sustainable energy storage and generation, fueled by electrification demands in EVs, renewables, and heating amid climate goals and supply chain pressures on traditional batteries.[1][2][5] Timing aligns perfectly with 2020s innovations in solid-state batteries and thin-film tech, where screen-printing addresses scalability bottlenecks plaguing competitors like Northvolt (unrelated).[2] Market forces favoring Holyvolt include Europe's push for low-emission manufacturing, industrial de-risking via partnerships (e.g., its €10M deal), and investor appetite for "nano paste" disruptions in energy extraction, use, and storage.[2][3] By focusing on HVAC, solar, and batteries, it influences the ecosystem through IP commercialization and B2B models, potentially accelerating flexible energy solutions for Volvo-like giants.[2][5]
Holyvolt's secretive ascent from "launch in progress" to €10M revenue in under three years signals breakout potential in screen-printed energy tech, with heating as the near-term cash cow and batteries/solar scaling next via industrial alliances.[2] Expect expansion into more verticals, leveraging FAM/Volvo networks for global offtake deals amid rising solid-state battery hype and net-zero mandates. Influence could evolve from niche innovator to key supplier in Europe's green industrial renaissance, provided it delivers on scalability promises—watch for 2026 pilots and follow-on funding to confirm momentum.[2][3] This positions Holyvolt as a quiet force powering the planet's energy transition, echoing its founding vow.[1][4]
Holyvolt has raised $18.0M across 2 funding rounds. Most recently, it raised $9.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $9.0M Series A | Avid Ventures, Valar Ventures, Victor Jacobsson | |
| Oct 1, 2023 | $9.0M Seed | Avid Ventures, Valar Ventures, Victor Jacobsson |