Clean Tech Startup Wildcat Discovery Technologies Secures $8 Million

Wildcat Discovery Technologies announced the close of $8 million in Series B financing. Two investors contributed to the round, among them A123Systems.

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. The company synthesizes and evaluates thousands of materials every week. To do this, it uses proprietary high throughput synthesis and testing platforms that rapidly explore thousands of new materials with the goal of improving performance and reducing costs. Wildcat’s business also includes collaborative development projects for materials for other applications, including gas storage, carbon capture, thermoelectrics, and structural materials.

The company revealed that, in parallel with its equity investment, A123Systems also teamed up with Wildcat on a multi-year research collaboration to create an improved battery to meet future product roadmap targets.