What is Nyobolt?
Founded in 2019 and headquartered in Cambridge, United Kingdom, Nyobolt operates within the electrical equipment industry. The company's core innovation lies in its proprietary battery systems, Nyobolt Ultra and Nyobolt Xtreme, which are engineered for rapid charging capabilities, achieving a 10% to 80% charge in under five minutes. These advanced battery solutions also boast an impressive lifespan exceeding 25,000 cycles without degradation. Nyobolt's business model focuses on licensing its cutting-edge technology to established battery producers, thereby accelerating the widespread adoption of high-performance energy storage across diverse sectors, including electric mobility and industrial automation.
How much funding has Nyobolt raised?
Nyobolt has raised a total of $159M across 4 funding rounds:
Series A
$10M
Series B
$59M
Other Financing Round
$30M
Series C
$60M
Series A (2021): $10M with participation from IQ Capital and Cambridge Enterprise
Series B (2022): $59M led by H.C. Starck Tungsten Powders
Other Financing Round (2025): $30M supported by IQ Capital, Latitude Financial Services, and Scania CV
Series C (2026): $60M featuring Scania, IQ Capital, CBMM, Phoenix Court, and Symbotic
Key Investors in Nyobolt
Scania CV
Scania AB is a Swedish manufacturer of commercial vehicles, including trucks and buses. Founded in 1891 and headquartered in Södertälje, Sweden, it serves clients worldwide, focusing on innovative and sustainable transport solutions.
IQ Capital
IQ Capital is a venture capital firm, based in Cambridge and London. With £300m assets under management, it invests in 'deep-tech' across sectors including machine learning, AI, robotics, and advanced engineering and materials, and data-focused propositions based on disruptive algorithms. All of the firm's portfolio companies are capable of dominating their respective markets on a global scale. Initial investments range from £300k to £5m, with capacity for follow-on investment up to £30m. The IQ Capital team has achieved over 20 exits to date, to companies including Oracle, Google, Apple, Huawei, and Facebook, and several IPOs. IQ Capital has led 28 investments over the last three years. The firm is currently investing at seed and Series A stage from its third venture fund.
CBMM
Founded in 1950, CBMM is the world-leading supplier of niobium products and technology. CBMM is located in the Netherlands
What's next for Nyobolt?
With the recent influx of major strategic investment, Nyobolt is poised to further accelerate its technology licensing and adoption initiatives. The substantial backing indicates a strong market confidence in Nyobolt's ultra-fast charging battery technology and its potential to disrupt traditional energy storage markets. Future strategic moves will likely involve expanding its network of licensing partners, scaling production capabilities through its collaborators, and continuing research and development to maintain its technological edge in the rapidly evolving electric vehicle and industrial automation sectors. This financing will be instrumental in solidifying Nyobolt's position as a leader in next-generation battery solutions.
See full Nyobolt company page
