Nyobolt

Nyobolt, founded in 2020 in Cambridge, UK, develops advanced niobium-based batteries enabling ultra-fast charging for electric vehicles, industrial robotics, and heavy-duty applications. Led by Professor Clare Grey and CEO Dr. Sai Shivareddy, Nyobolt offers high-performance, thermally managed battery solutions.

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Nyobolt, established in 2019 and officially founded in 2020, specializes in developing advanced battery solutions that enable ultra-fast charging capabilities. Based in Cambridge, UK, the company focuses on creating high-performance battery systems for electric vehicles, industrial robotics, and heavy-duty applications. Under the leadership of co-founders Professor Clare Grey, a distinguished chemist from the University of Cambridge, and Dr. Sai Shivareddy, who serves as CEO, Nyobolt has built a team of over 100 experts in materials science, cell development, and battery pack engineering.

Battery Technology

Nyobolt’s innovative battery technology centers on proprietary niobium-based anode materials, which allow for exceptional charging speeds and power density. Their batteries can achieve a 10% to 80% charge in under five minutes when connected to a 350kW DC fast charger, significantly reducing downtime for various applications. The technology maintains over 80% capacity after more than 4,000 rapid charge cycles, equivalent to approximately 600,000 miles of use.

The company offers two main product lines: NYOBOLT ULTRA, which charges in 6-10 minutes, and NYOBOLT XTREME, achieving full charge in 1-5 minutes. Both solutions incorporate advanced cooling systems using cold plates with a water-glycol mixture to manage heat during fast charging. This thermal management system, combined with their proprietary materials, enables sustained high-performance operation without significant degradation.

Recent Projects

In early 2024, Nyobolt reported substantial revenue growth, reaching $9 million – a 135-fold increase from 2023. The company projects over 300% revenue growth in 2025, driven by increasing demand in AI infrastructure and heavy-duty sectors. Nyobolt has secured contracts valued at more than $120 million and plans to scale production to 1,000 battery packs by 2025. Their manufacturing model is designed to produce up to two million cells annually.

Investors

Nyobolt has raised $69.15 million in total funding from various investors. H.C. Starck Tungsten Powders, a subsidiary of Masan High-Tech Materials, led their £50 million Series B funding round in 2022. Other significant investors include IQ Capital, which led both Series A and B rounds, Parkwalk Advisors, and Cambridge Enterprise. The company has also received support through the Faraday Battery Challenge, demonstrating strong industry and government backing for their technology.