British battery innovator Nyobolt has raised $30 million in new funding to scale its ultra-fast-charging energy storage technology—capable of charging an electric vehicle to 80% in under five minutes.
The round was led by IQ Capital and Latitude Ventures, with strategic support from Scania Invest and Takasago Industry, bringing Nyobolt’s total funding to $100 million.
A Power Solution for the Age of AI and Electrification
With energy-hungry industries like AI data centers, logistics, and heavy transport under pressure to decarbonize while maintaining 24/7 uptime, Nyobolt is stepping in with a transformative solution. Their battery systems deliver up to 20x more power and charge in minutes—all while using fewer natural resources than conventional lithium-ion technologies.
CEO and co-founder Dr. Sai Shivareddy explains:
“AI is driving energy demand sky-high, and current infrastructure can’t keep up. Our tech is built to meet these surges with high-speed, high-efficiency performance.”
Founded in 2019 in Cambridge by Shivareddy and co-founder Dr. Kent Griffith, Nyobolt set out to fix one of electrification’s biggest roadblocks: slow charging. Their breakthrough came through a proprietary niobium-tungsten anode, enabling ultra-rapid lithium-ion movement with minimal degradation.
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Proven Speed and Durability
Nyobolt’s 35kWh EV prototype battery recently demonstrated 10–80% charging in under five minutes using a standard 350kW DC fast charger. The cells also boast over 4,000 high-speed charge cycles with little capacity loss.
In 2024, the company generated $9 million in revenue and secured over $150 million in customer contracts. Its tech is already powering AI-driven warehouses and heavy-duty vehicles, and now it’s being adapted for next-gen AI data centers, which are expected to see 165% growth in global power demand by 2030.
A Deep Tech Engine for Industrial Uptime
Nyobolt’s vertically integrated systems combine:
- Proprietary anode chemistry
- Advanced power electronics
- Optimized cell designs and software
This enables ultra-fast charging with extended battery life, ideal for electrifying demanding use cases across EVs, robotics, industrial machinery, and AI infrastructure.
The company’s batteries also use up to 60% less lithium, and recycling initiatives are underway to recover critical materials—supporting both performance and sustainability.
Backing From Big Names
Investors are rallying around Nyobolt’s potential to reshape the energy backbone of tomorrow.
- IQ Capital’s Max Bautin:
“Nyobolt has gone from lab to global impact, becoming the high-power battery of choice for AI and industrial sectors.”
- Latitude’s Ash Arora:
“Charging to 80% in five minutes is a game-changer. Nyobolt isn’t just solving EV pain points—it’s powering the AI revolution.”
- Scania’s Jessica Persson:
“Ultra-fast charging is essential for electrifying heavy-duty transport. Nyobolt’s innovation brings that within reach.”
What’s Next?
The company plans to expand its team, scale production, and push further into sectors facing massive energy demand. With applications ranging from clean transportation to AI infrastructure, the company is positioning itself as a critical enabler of the energy transition.
As power grids strain under new loads, Nyobolt’s fast-charging, resource-efficient batteries may be just what industries need to keep moving—fast.
