Swedish AI battery materials startup Holyvolt raises $45m

Swedish startup Holyvolt, which uses AI to discover battery materials, has raised $45m from Fifth Wall, Zone II and CC.VC. The round was listed in a roundup of European funding deals that also covered several other companies.

The other deals in the roundup:

Rabot Energy, a German platform that turns homes into virtual power plants, raised $50m in Series B funding. Endeit led the round, joined by DTCF and existing investors HV Capital, HTGF, Bosch Ventures, CNI, Acurio Ventures and Vent.io.

OlsAro, a Swedish developer of resilient wheat, raised €5m in seed funding. Industrifonden and Nordic Foodtech VC led, with participation from Future Food Fund, PINC, AgFunder and GU Ventures.

KP Labs, a Polish satellite data processing startup, raised €4.4m from Momentum Capital Partners.

Skeleton Technologies, an Estonian fast energy storage company, raised new funding from existing investor Siemens at a valuation north of $1b.

The items are brief and give only the amounts, investors and one-line descriptions of each company. They do not say what Holyvolt plans to do with its money, what stage the round was, or how its technology works. For readers following Nordic AI, the notable points are the size of Holyvolt's round for a startup applying AI to battery materials, and the backing from investors including Fifth Wall, together with the wider run of Nordic and European climate, energy and food technology deals around it.