Nyobolt secures $30M to prove 5-Minute EV Charging is Real
Summary
British battery innovator Nyobolt has raised $30 million in new funding to scale its ultra-fast-charging energy storage technologycapable of charging an electric vehicle to 80% in under five minutes.The round was led by IQ Capital and Latitude Ventures, with strategic support from Scania Invest and Takasago Industry, bringing Nyobolts total funding to $100 million.A Power Solution for the Age of AI and ElectrificationWith energy-hungry industries like AI data centers, logistics, and heavy transport under pressure to decarbonize while maintaining 24/7 uptime, Nyobolt is stepping in with a transformative solution. Their battery systems deliver up to 20x more power and charge in minutesall while using fewer natural resources than conventional lithium-ion technologies.Founded in 2019 in Cambridge by Shivareddy and co-founder Dr. Kent Griffith, Nyobolt set out to fix one of electrifications biggest roadblocks: slow charging. Their breakthrough came through a proprietary niobium-tungsten anode, enabling ultra-rapid lithium-ion movement with minimal degradation.Nyobolts 35kWh EV prototype battery recently demonstrated 1080% charging in under five minutes using a standard 350kW DC fast charger. Its tech is already powering AI-driven warehouses and heavy-duty vehicles, and now its being adapted for next-gen AI data centers, which are expected to see 165% growth in global power demand by 2030.This enables ultra-fast charging with extended battery life, ideal for electrifying demanding use cases across EVs, robotics, industrial machinery, and AI infrastructure.The companys batteries also use up to 60% less lithium, and recycling initiatives are underway to recover critical materialssupporting both performance and sustainability.Investors are rallying around Nyobolts potential to reshape the energy backbone of tomorrow.The company plans to expand its team, scale production, and push further into sectors facing massive energy demand. With applications ranging from clean transportation to AI infrastructure, the company is positioning itself as a critical enabler of the energy transition.As power grids strain under new loads, Nyobolts fast-charging, resource-efficient batteries may be just what industries need to keep movingfast.