Nyobolt

UK-based Nyobolt’s proprietary niobium-based anode materials are used to develop next-generation lithium-ion batteries with extreme fast charging (XFC) capabilities. The technology was developed at the University of Cambridge led by the co-founders of Nyobolt battery materials expert Prof. Clare Grey and Dr. Sai Shivareddy. Nyobolt claims that its tech can be used across applications such as power tools, EVs, industrial equipment, and consumer devices.

Additionally, in June 2023, Nyobolt showcased a concept EV incorporated with new battery technology, which is smaller and lighter compared to other EV batteries and can be fully charged within six minutes to provide a range of up to 250 km.

Nyobolt launched its first US office in Boston in May 2021. The office was expected to serve as the main hub for Nyobolt’s global battery cell development. It was responsible for developing the company’s first demonstrative product prototypes, which were expected to be launched in 2021. Nyobolt employed teams in the UK, the US, and Asia as of May 2021.

Funding and financials 

Nyobolt’s most recent funding round was in July 2022, when it raised USD 59.5 million in a Series B round. The proceeds were to be used to scale up manufacturing and deploy a new facility in the UK. Previously in February 2021, it had raised USD 10 million in a Series A round.