As industries like AI automation, data centers, and heavy transport push harder for 24/7 performance, they’re also under immense pressure to cut emissions. Yet only about 20% of energy solutions in these sectors have been electrified so far. That gap isn’t just technical—it’s expensive. For instance, when a data center goes down, it can cost over $9,000 per minute. And as AI becomes more power-hungry, global electricity demand is expected to surge by 165% before the decade is out.
Nyobolt, a British deeptech startup is tackling this energy crisis head-on. With cutting-edge energy storage tech and batteries that charge in minutes instead of hours, Nyobolt is redefining uptime for the most power-intensive industries. Their breakthrough solution can deliver up to 20x more power using fewer natural resources than traditional lithium-ion batteries.
Now, backed by a fresh $30 million in funding, Nyobolt is ramping up for scale. The round was led by IQ Capital and Latitude, with strategic investment from heavy-hitters like Scania Invest and Takasago Industry. This brings Nyobolt’s total funding to $100 million—a serious war chest for a company aiming to change how the world powers up.
Powering the Shift: Ultrafast Charging with Deeptech Innovation
Founded in 2019 by Cambridge scientists Dr. Sai Shivareddy and Dr. Kent Griffith, Nyobolt began with a simple question: What if charging an EV could be as fast as refueling a gas tank? Years of research led to their breakthrough—an advanced anode material made from niobium and tungsten oxides. This unique chemistry allows lithium ions to move more freely, resulting in batteries that support ultrafast charging with minimal degradation, even after thousands of cycles.
Their flagship battery prototype—a 35kWh pack—recently demonstrated a 10–80% charge in under five minutes using a 350kW DC fast charger. That’s not just a lab stunt. It’s real-world-ready tech that’s already showing results in places like AI-driven warehouses and heavy-duty vehicles.
CEO Sai Shivareddy says the time to act is now. “The world needs a new energy model to meet AI’s explosive demand and decarbonize major industries. Our vertically integrated fast-charge systems already help customers stay powered and productive when it matters most,” he shared.
Nyobolt’s approach combines proprietary cell chemistry, optimized software, and high-efficiency power electronics. Together, they create batteries that charge lightning-fast without sacrificing lifespan or safety. In 2024, they pulled in $9 million in revenue and have already locked in over $150 million in future contracts.
Building the Backbone of the AI-Powered Future
The technology is especially crucial as AI data centers expand. These centers require 10 times more power than their predecessors, and Nyobolt is developing high-density systems to meet those needs. With the global data center market expected to hit $500 billion in five years, the opportunity is enormous.
Beyond EVs and AI hubs, Nyobolt’s batteries are making waves in robotics, industrial machinery, and consumer electronics. Their systems not only deliver fast charging but also use up to 60% less lithium, lowering environmental impact. They’re also working on battery recycling programs to recover critical materials—further aligning with sustainability goals.
The startup’s momentum has impressed investors. IQ Capital’s Max Bautin praised Nyobolt for moving deep tech from lab to market at record speed, calling them a “go-to provider” for high-power energy needs in the AI age. Latitude’s Ash Arora echoed that sentiment, noting the team’s ability to turn science into scalable global impact.
Scania’s Head of VC and M&A, Jessica Persson, also highlighted how Nyobolt’s tech fits squarely into the future of sustainable transport and industrial electrification. With more heavy-duty fleets shifting to electric, ultra-fast charging is no longer optional—it’s critical.
Nyobolt is positioning itself not just as a battery maker, but as the energy infrastructure powering the next era of intelligent machines, vehicles, and facilities. With their latest funding in the bank, they’re doubling down on R&D, hiring top talent, and scaling production to meet surging demand across sectors.
