H.C. Starck Invests In Nyobolt, An Ultra-Fast Charging, Ultra-High Power Density Battery Business
Round Type
Funding Round
Description
H.C. Starck Tungsten Powders ("HCS"), a wholly owned subsidiary of Masan High-Tech Materials ("MHT"), today announced the signing of definitive agreements to invest £45m (approx. €52m) into Nyobolt Limited ("Nyobolt"), a fast-charging Li-ion battery solutions company that leverages HCS's advanced tungsten materials in its anode, for a 15% equity interest on a fully diluted basis. The investment, representing the majority of Nyobolt's Series B financing round, is expected to accelerate HCS's vision of becoming a high-tech, value-added business by developing new tungsten applications critical for the technologies of the future.
Quick answer
Nyobolt raised an undisclosed amount in a Funding Round round, dated July 15, 2022.
- How much did Nyobolt raise?
- Nyobolt raised an undisclosed amount in a Funding Round round on July 15, 2022.
- What does Nyobolt do?
- Nyobolt’s world leading team of technologists have used a systems level approach in developing ultra fast charging, high power battery solutions.
- Where is Nyobolt based and how big is it?
- Fundz records about 120 employees.
- Who are the decision-makers at Nyobolt?
- Fundz holds 2 contacts at Nyobolt, including the Head of Strategy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Manufacturing around the same time
Companies in the same sectors as Nyobolt that raised within 45 days of this round, from Fundz verified event records.
- Aptera Motors raised $709K (Seed) on August 25, 2022.
- Lumotive raised an undisclosed amount (Funding Round) on August 24, 2022.
- Arq raised $496K (Pre-Seed) on August 19, 2022.
- Ascent Solar Technologies raised $5M on August 19, 2022.
- Sabanto raised $17M (Series A) on August 18, 2022.
- Data Gumbo raised $4M (Series C) on August 10, 2022.
Who to call at Nyobolt, and when
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Related People
Nyobolt raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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