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Nyobolt partners with venture capital firms and Scania Invest for $30 million funding

May 05, 2025•about 1 year ago

Contract Type

partnership

CambridgeManufacturingEnergy

Description

Nyobolt, a Cambridge-based company, has secured $30 million in funding led by IQ Capital and Latitude, with participation from Scania Invest, to expand its business in autonomous warehouse robots and heavy duty vehicles. The company plans to enter new markets, including mainstream electric vehicles, and aims to license out its fast-charging battery technology to major battery makers.

Company Information

Company

Nyobolt

Location

Cambridge, England, United Kingdom

About

Nyobolt’s world leading team of technologists have used a systems level approach in developing ultra fast charging, high power battery solutions. Using new materials, cell designs, efficient software control and power electronics, batteries can now be produced with a much faster charging time and more power at a smaller size.

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