Wildcat Discovery closes $90 million funding round
U.S. energy tech firm Wildcat Discovery Technologies has raised $90 million from investors to develop a high energy density battery cell for electric vehicles, combining a cobalt and nickel-free high energy cathode, a composite solid-state electrolyte and a lithium metal anode.
Using the funds, Wildcat plans to commercialize the multiple innovative technologies, which the company has developed to formulate a breakthrough EV “super cell”. This EV “super cell” is envisioned as a transformational battery cell combining three Wildcat proprietary technologies currently in development, including a cobalt and nickel free high energy cathode, a composite solid-state electrolyte and a lithium metal anode.
Once the technology has been combined, Wildcat claims that it will deliver over “90 per cent improvement in energy density over today’s best batteries”. So far, company already has a cooperation with InoBat Auto, which was announced in 2019. More recently, in 2020, the two companies announced further details regarding the battery cell factory plans in Slovakia, which is to open its doors for production in 2024.
“The next generation of EV batteries requires innovation, resources, and unique capabilities that we are delivering with an impressive consortium of leading investors and partners. Koch and Fifth Wall Climate contribute significant financial resources and sophistication, while Eastman Kodak brings industry-leading technical and scale up expertise to the consortium,” said Mark Gresser, CEO at Wildcat. “Coupled with Wildcat’s unique high throughput research capabilities, we have all the ingredients necessary to bring these breakthrough products to market quickly.”
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