Event
Nyobolt raises $60 million Series C led by Symbotic at $1 billion valuation
Key points
- Nyobolt raised $60 million in new funding at a reported $1 billion valuation.
- The round was led by Symbotic, with participation from IQ Capital, Latitude, Scania Invest, and CBMM.
- Nyobolt said the capital will support power-performance systems for autonomous machines, physical AI applications, robotics, automation, and AI data-centre infrastructure.
Company context
Nyobolt develops ultra-fast-charging battery technology for high-power applications including industrial robots, autonomous mobile robots, electric vehicles, heavy-duty off-highway equipment, and data-centre power systems. The company spun out of University of Cambridge battery research and commercialises lithium-ion battery systems built around high-power, long-cycle-life charging performance.
Context
- Company
- Nyobolt
- Segment
- Power Systems
- Event type
- Funding
- Geography
- Cambridge · United Kingdom