Latest News Cambridge spin-out Nyobolt secures $10m Series A funding

Nyobolt’s battery technology will enable rapid charging and high power, along with high energy density. 

Clare Grey headshot Professor Clare Grey
Sai Shivareddy headshot Dr Sai Shivareddy

Nyobolt—a cutting-edge battery company that is defining a new category of ultra-high power technology—has secured $10 million in Series A funding. The round is led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors.

The funding will enable Nyobolt to expand globally, building new facilities and growing its engineering and operational teams. The teams will work with customers to implement and integrate Nyobolt’s unique technology into commercial applications to solve their battery challenges.

Nyobolt, which spun out of the Yusuf Hamied Department of Chemistry in 2016, was co-founded by Professor Clare Grey and Dr Sai Shivareddy. Its novel technology is based on years of research.

Nyobolt batteries remove the limitations presented by conventional lithium-ion batteries. They are perfect for applications that require high power and ultra-fast charge. The recorded performance of our batteries represents a paradigm shift in battery technology, and we are pleased to play our part in accelerating a greener, more efficient future, powered by world-class batteries.

Sai Shivareddy, CEO, Nyobolt

When Clare and Sai first disclosed their discovery to Cambridge Enterprise nearly five years ago, we recognised that this would have the potential to be a paradigm shift in ultrafast battery charging. The importance and significance of this technology to the post-carbon world cannot be overstated. We have worked with the founders from patent application through to seed funding and now A-round funding and we are extremely excited to be part of the ongoing journey of this incredible company.

Elaine Loukes, Investment Director, Cambridge Enterprise

Nyobolt is a ‘new gen’ deeptech start-up founded by a highly experienced team with multiple prior successes; it is based on highly differentiated, patented, and highly scalable technology. We are very impressed by the team, products, and commercial traction to-date. We are convinced that Nyobolt will have a revolutionary impact on Li-ion battery applications, and create new, previously impossible uses in markets worth hundreds of billions of dollars a year.

Max Bautin, Managing Partner, IQ Capital

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