Nyobolt secures $30m to advance high-power ultrafast charging technology

Nyobolt, a UK-based supplier of high-power ultrafast charging technologies, has secured $30m successful backing to beforehand high-power ultrafast charging exertion for AI applications.

Led by IQ Capital and Latitude, the backing circular saw information from partners specified arsenic Scania Invest and Takasago Industry.

The latest concern brings Nyobolt’s full backing to $100m.

The institution plans to usage the superior to further make its proprietary technology, grow into caller markets, turn its workforce, and fortify its presumption successful the high-performance vigor systems sector.

Nyobolt said its ultrafast charging systems tin present up to 20 times much powerfulness than accepted solutions, allowing batteries to complaint successful minutes portion utilizing less earthy resources.

Central to Nyobolt’s exertion is its anode material, developed from precocious compartment chemistry research.

This worldly enables precocious powerfulness density and accelerated charging without degradation, addressing cardinal limitations of accepted lithium artillery systems.

Nyobolt’s exertion has already been adopted successful AI-powered warehouses and heavy-duty conveyance applications, according to the company’s quality release.

Nyobolt co-founder and CEO Sai Shivareddy said: “Our vertically integrated exertion is already positively impacting customers, enabling them to acquisition stable, accelerated complaint solutions erstwhile they request them the most.”

In 2024, the institution reported $9m successful revenue. With implicit $150m successful declaration worth secured, Nyobolt is targeting a threefold summation successful revenue.

Nyobolt is presently processing high-density powerfulness systems to conscionable the increasing vigor demands of AI information centres.

Latitude spouse Ash Arora said:“Charging an EV to 80% successful nether 5 minutes is headline-worthy. But Nyobolt isn’t chasing headlines — they’re gathering the backbone of the AI-powered future.

“Born retired of Cambridge brilliance and scaled with world-class execution, this squad is redefining what’s imaginable successful vigor globally. As powerfulness grids strain nether AI’s explosive demand, Nyobolt is the lone institution turning deeptech into heavy interaction — fast.”

In 2023, Nyobolt partnered with plan and engineering concern Callum to trim electrical car charging clip down from hours to a fewer minutes.

"Nyobolt secures $30m to beforehand high-power ultrafast charging technology" was primitively created and published by Just Auto, a GlobalData owned brand.

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