Financial Advisor
Wildcat Discovery Technologies
Equity Capital Markets
Private Placement
Transaction Details
- On July 13, 2022, Wildcat Discovery Technologies (Wildcat), a technology company that uses proprietary high throughput methods to rapidly develop new battery materials, announced that it has raised $90 million in a Series D funding round led by Koch Strategic Platforms (KSP), an investment subsidiary of Koch Industries. Other significant investments come from Eastman Kodak (Kodak) and Fifth Wall Climate.
- Wildcat is developing multiple innovative technologies, all key to formulating a breakthrough EV "super cell". The 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.
- Wildcat plans to use this Series D funding round to support the rapid development and commercialization of the battery cell, including added staff, research capacity, and significant scale-up capabilities with the goal of having the “super cell” ready for commercialization in two years.
- “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.”
About the company
Wildcat Discovery Technologies accelerates the discovery of new materials for energy applications, with a focus on the development of advanced materials for rechargeable and primary batteries. Wildcat's experienced team of scientists uses proprietary high-throughput tools to rapidly develop and optimize breakthrough materials, with corporate partners throughout the global battery and materials supply chains. For additional information about Wildcat please visit www.wildcatdiscovery.com.
Source: Press announcement.
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