What is Nyobolt?
Founded in 2019, Nyobolt operates within the electrical equipment industry, specializing in the development of proprietary battery systems designed for rapid charging and extended lifespan. Their technology, exemplified by the Nyobolt Ultra and Nyobolt Xtreme, enables charging from 10% to 80% in under five minutes and supports over 25,000 charge cycles without degradation. Rather than direct manufacturing, Nyobolt focuses on licensing its advanced battery technology to established producers, aiming to accelerate the global adoption of high-performance energy solutions across diverse sectors, including electric vehicles, industrial robotics, and heavy-duty machinery.
How much funding has Nyobolt raised?
Nyobolt has raised a total of $159M across 3 funding rounds:
Series A
$10M
Series B
$59M
Other Financing Round
$30M
Series A (2021): $10M with participation from Cambridge Enterprise and IQ Capital
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
Key Investors in Nyobolt
IQ Capital
IQ Capital is a venture capital firm specializing in deep-tech investments, including AI, robotics, and advanced materials. They focus on companies with the potential for global market dominance and provide seed to Series A funding, with capacity for significant follow-on investment.
Latitude Financial Services
Latitude Financial Services, established in 2014, is a company that provides consumer finance services and advice, indicating a potential interest in the financial aspects of scaling technology companies.
Scania CV
Scania AB is a prominent Swedish manufacturer of commercial vehicles, including trucks and buses, focusing on sustainable transport solutions. Their investment suggests a strategic interest in advanced battery technology for the future of their vehicle fleet.
What's next for Nyobolt?
The recent major strategic investment signifies a pivotal moment for Nyobolt, likely enabling the company to scale its technology licensing operations and accelerate market penetration. This infusion of capital is expected to bolster research and development efforts, expand strategic partnerships with battery manufacturers, and support the commercialization of its ultra-fast charging solutions. Nyobolt's focus on licensing positions it to influence the broader energy storage landscape, potentially driving significant advancements in the electric vehicle and industrial equipment sectors.
See full Nyobolt company page
