Nyobolt, a UK-based provider of high-power ultrafast charging technologies, has recently secured $30 million in funding to advance its technology for AI applications. The funding round was led by IQ Capital and Latitude, with participation from partners such as Scania Invest and Takasago Industry. This brings Nyobolt’s total funding to $100 million. The company plans to use the capital to further develop its proprietary technology, expand into new markets, grow its workforce, and strengthen its position in the high-performance energy systems sector.
Nyobolt’s ultrafast charging systems have the capability to deliver up to 20 times more power than conventional solutions, allowing batteries to charge in minutes while using fewer natural resources. The company’s technology is based on its anode material, developed from advanced cell chemistry research, which enables high power density and rapid charging without degradation.
Nyobolt’s technology has already been adopted in AI-powered warehouses and heavy-duty vehicle applications, with revenue reported at $9 million in 2024 and over $150 million in contract value secured. The company is targeting a threefold increase in revenue. Nyobolt is also developing high-density power systems to meet the growing energy demands of AI data centers.
Ash Arora, a partner at Latitude, praised Nyobolt’s impact on the energy sector, stating that the company is redefining what’s possible in energy globally. Nyobolt’s partnership with design and engineering business Callum in 2023 aimed to reduce electric car charging time from hours to minutes. The company’s innovative technology and commitment to addressing key limitations in traditional lithium battery systems position it as a key player in the future of high-power ultrafast charging technology.
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