Wildcat Discovery Technologies Raises Funds In Series D Financing For High Power Batteries In 2022


Posted January 9, 2023 by Wildcatdiscovery

Funds raised for high power battery commercialization by Wildcat Discovery Technologies in 2022.

 
Wildcat Discovery Technologies is a leading technology company that uses proprietary methods to rapidly develop new battery materials from their San Diego based facility. The company has raised over $90 million in a Series D funding for EV super cell, a high power battery.

The company is developing a number of innovative technologies, formulating a new EV super cell. This is envisioned as a transformational battery cell that includes three Wildcat Discovery Technologies products, which are in development. This includes solid state electrolyte, lithium metal anode and high energy cathodes.

The battery cell is to achieve ninety percent improvement in energy capacity over the batteries sold on the market today. This will accelerate the adoption of EV's throughout the world. The innovative components are being developed using conflict free materials, reducing the company's need to rely on nickel and cobalt in the future.

This funding will be used to support the development and commercialization of the high power battery cell. This includes adding new members to their growing team, increasing research capacity and scaling up capabilities with the expected new super cell being ready for commercialization by 2024.

Jim Voeffray, the Senior Vice President Business Development at Wildcat Discovery Technologies, said “We are delighted to announce that we have entered into the development agreement with Kodak to develop and scale substrate coating technologies. This is essential for the reliability and safety of the next generation high power batteries. These batteries need resources, unique capabilities and innovation. We are working with leading investors and partners to roll out the battery for commercialization within the next two years.”

Wildcat Discovery Technologies has a high throughput research capability with the ingredients needed to bring this new battery technology to the market quickly. This is the second investment Koch has made in Wildcat in the past two years. Wildcat remains a visionary company and focuses on transformation solutions that limit the lithium ion market.

The company remains leaders in the lithium ion battery industry on a global scale working with international leaders to source the best materials and develop the finest quality high powered batteries for numerous uses and industries.

About Us: Wildcat Discovery Technologies is a San Diego based company accelerating the discovery of new materials for energy applications. They focus on the development of advanced materials for primary and rechargeable batteries. The company has an experienced team of in-house scientists that use high throughput tools to develop and optimize materials quickly. Wildcat Discovery Technologies has partners throughout the material supply chains and global battery industry. Full details on the company can be found on their information packed website at https://www.wildcatdiscovery.com/
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Issued By Wildcat Discovery Technologies
Phone 858-550-1980
Business Address 6255 Ferris Square, Suite A, San Diego, CA, United States, 92121
Country United States
Categories Technology
Last Updated January 9, 2023