Cambridge-based Nyobolt, a firm specializing in high-power batteries and rapid charging technology, has raised an additional $30M, pushing its total funding to $100M. The company focuses on providing efficient power solutions designed for industries such as AI warehouses, heavy-duty vehicles, and data centres. This move reinforces the firm’s commitment to meeting the growing global demand for robust energy management while supporting a steadily expanding market for cleaner power alternatives.
Several online sources have confirmed that Nyobolt’s approach targets sectors under pressure from rising power requirements. Reports underscore the anticipated increase in data centre power needs by 2030 and note that the integration of advanced battery technology in industrial operations remains scarce, with only a fifth of solutions being electrified according to various analyses.
Are high-power solutions meeting AI infrastructure needs?
Nyobolt’s technology answers this need by delivering battery systems capable of handling continuous high-intensity loads. Their carefully engineered systems support AI-driven operations by reducing downtime in critical environments, thereby ensuring reliable performance for warehouses and transport sectors.
Will additional funding bolster technology development?
The new capital is set to accelerate research in proprietary anode materials and expand production capabilities. Investment will support efforts to improve charging speeds while using fewer raw materials, positioning the company to meet the escalating energy demands linked to AI and sustainability trends.
Nyobolt has demonstrated significant milestones, including the ability to charge an electric vehicle battery to 80 percent in under five minutes, and it is progressing towards a substantial increase in revenue supported by contracts exceeding $150M. The company’s focus on ultrafast charging technology and low-material consumption places it in a competitive sector with booming demand.
Max Bautin, co-founder and Managing Partner at IQ Capital, stated, “Nyobolt has achieved what so few companies can do: translating deep tech research from the lab into a global, impactful business. In just a few short years they have become the go-to provider of high-power density solutions for AI warehouse operations and heavy-duty vehicles.”
Sai Shivareddy, CEO of Nyobolt, remarked, “The world is experiencing an unprecedented demand for power, not only to decarbonise heavy industries but to provide enough resources to handle the surge in AI infrastructure.”
Ash Arora, Partner at Latitude, commented, “Charging an EV to 80 per cent in under five minutes is headline-worthy.”
Jessica Persson from Scania added, “We invest in companies that support the shift towards a more sustainable transport system.”
Nyobolt’s progress emerges through steady product development and market expansion strategies. The additional funds may allow the company to enhance its R&D and production capacity while addressing broader energy challenges in heavy industries and AI infrastructure. Stakeholders and industry watchers will benefit from monitoring how this expanded technology base caters to the increased demands for reliable, fast-charging solutions.
