Fortune Term Sheet· Nick Lichtenberg·2026-10-15 21:00· 3 days agoTop DealsAI Score65

Holyvolt raises $45M to develop battery chemistries outside China's control

Exclusive: ‘I’ve seen this movie before’: A Michigan-raised ex-Tesla exec raises $45 million to break China’s grip on batteries

AI Overview

Stockholm-based battery-materials startup Holyvolt raised $45 million in an all-equity round from Zone II.

Why it matters

Holyvolt's $45M round and DRX cathode bet show how one startup is pairing a high-throughput lab with AI models to chase battery chemistries outside China's grip.

Source:Fortune Term Sheet · fortune.com

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