From Yahoo Finance: 2025-04-16 12:11:00

Nyobolt, a UK-based company, has secured $30m in funding to advance its high-power ultrafast charging technology for AI applications. Led by IQ Capital and Latitude, the funding round included partners like Scania Invest and Takasago Industry, bringing Nyobolt’s total funding to $100m. The company plans to use the capital to develop its technology, expand into new markets, and strengthen its position in the energy systems sector.

Nyobolt’s ultrafast charging systems can deliver up to 20 times more power than conventional solutions, allowing batteries to charge in minutes while using fewer natural resources. The company’s proprietary anode material enables high power density and rapid charging without degradation, addressing limitations of traditional lithium battery systems. Nyobolt’s technology has already been adopted in AI-powered warehouses and heavy-duty vehicle applications.

In 2024, Nyobolt reported $9m in revenue and secured over $150m in contract value. The company is targeting a threefold increase in revenue and is currently developing high-density power systems to meet the energy demands of AI data centers. Latitude partner Ash Arora praised Nyobolt for redefining what’s possible in energy and highlighted their impact on the AI-powered future.

In 2023, Nyobolt partnered with design and engineering business Callum to reduce electric car charging time from hours to minutes. The company is focused on building the backbone of the AI-powered future and turning deeptech into deep impact. Nyobolt’s technology is expected to play a crucial role as power grids strain under AI’s explosive demand.



Read more at Yahoo Finance: Nyobolt secures $30m to advance high-power ultrafast charging technology