Holyvolt

High-Level Overview

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]

Origin Story

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]

Core Differentiators

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:

• Manufacturing Innovation: Replaces multiple costly steps with CAPEX-efficient screen-printing using nano paste and nanoparticle coatings, boosting cost efficiency, repeatability, and scalability for thin-film solar, solid-state batteries, and heating films.[1][2][3][4]
• Product Versatility: Offers high-density, low-emission heating films for industrial and residential use (reaching high temperatures while thin and flexible); next-gen solar tech; and battery designs unlocking new solid-state opportunities.[1][2]
• Commercial Edge: Furthest advanced in heating as a printed heating element, with proven B2B traction via a €10M industry deal, while maintaining humility by avoiding hype until deliverables are concrete.[2]
• Investor Pedigree: Backed by 7 investors including Volvo and FAM, providing strategic industrial validation without overexposure.[2][3]

Role in the Broader Tech Landscape

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]

Quick Take & Future Outlook

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]