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Case study: Nyobolt

Nyobolt was spun out of the Yusuf Hamied Department of Chemistry in 2016. It was co-founded by Professor Clare Grey and Dr Sai Shivareddy to commercialise their novel ultra-high power battery technology, which is based on years of research.

As the world races to electrify transportation, the need for much better batteries has become increasingly urgent. If consumers are to embrace electric vehicles (EVs), they will need to see batteries that address charge anxiety by enabling EVs and other devices to charge much faster. And in a world where sustainability is imperative, these batteries must also last longer, be recyclable, and have a viable second life. Nyobolt has the solution for fast charging batteries and is working to address all of these knotty problems.

The research behind Nyobolt

A spin-out from the Yusuf Hamied Department of Chemistry, Nybolt’s technology is based on a decade of research on battery anode materials led by Professor Clare Grey. In 2018, Grey and her team determined that niobium tungsten oxide could dramatically improve the performance and longevity of batteries. She teamed up with Dr Sai Shivareddy, who had invented cutting-edge supercapacitors and led international product development teams in the battery industry, to co-found Nyobolt.

A new class of battery technology

Nyobolt’s team of experts has pioneered a new class of battery technology that achieves record-breaking ultra-fast charging. The technology combines high power density with a long cycle life and competitive energy density. This solves critical unmet needs in multiple markets, providing solutions for applications from power tools to EVs, and represents a paradigm shift in battery technology, supporting the transition to a green, sustainable future.

Series A funding

In February 2021, Cambridge Enterprise joined in an £8 million Series A investment round for Nyobolt and continues to play an active role in the company as part of the board. Led by IQ Capital,  the Series A round also included participation from Silicon Valley investors. The funding has enabled Nyobolt to expand globally, build pilot facilities, and grow its engineering and application capabilities. It has also assembled a world-leading implementation team that brings together decades of experience at Tesla, Lotus, Samsung, Dupont, Dyson, General Electric, A123, Innovate UK, and Arthur D. Little.

Nybolt has the potential to transform the automotive and consumer appliance industries, helping to achieve a greener and more sustainable future. Its significance to the post-carbon world cannot be overstated. 

The investment, ongoing support, and relationship we have with Cambridge Enterprise have been important parts of our growth and are helping us to take this technology to market in record time. We are excited to be building on the discovery by the Grey group at the University of Cambridge to commercialise a fast-charging battery system, and our strong relationship with the Cambridge ecosystem is key to this.

Sai Shivareddy, CEO and Co-Founder, Nyobolt

Annual Review 2021

The Nyobolt case study is featured in our Annual Review 2021. Learn more about some of the exciting projects we have been working on and our financial performance for 2020-21.

VIEW ANNUAL REVIEW