Cambridge spin-out Nyobolt is commercialising high-performance battery and charging technologies to create a world where lengthy charge times no longer exist.
Nyobolt, the pioneer of end-to-end fast-charging battery systems, announces £50 million funding which will enable the company to enter a stage of manufacturing at scale.
Nyobolt grew out of years of research by chemists and engineers at Cambridge University, and is led by Professor Clare Grey, a battery materials expert, and Dr. Sai Shivareddy. The team has developed a proprietary process using niobium-based anode materials to create batteries that deliver record high power, ultrafast charge and high energy — a “paradigm shift” that could power the shift to electric.
The £50 million funding is led by H.C. Starck Tungsten Powders (HCS), a subsidiary of Masan High-Tech Materials, one of the world’s largest tungsten suppliers – a key component of Nyobolt’s technology. The investment is set to drive Nyobolt’s market entry by establishing its presence and launching the manufacturing of millions of units next year. H.C. Starck funding will enable Nyobolt’s first materials manufacturing plant in the UK, as well as expansion of the US cell engineering facility and the teams’ growth across the globe.
The investment and future collaboration between Nyobolt and H.C. Starck in the supply of materials, scale up of manufacture and recycling aims to provide a sustainable solution supporting the transition to net zero in multiple sectors.
The ultra-fast charging battery solution developed by world renowned experts at Nyobolt drastically decreases charge time from hours to minutes, maximising uptime and productivity. Nyobolt’s technology will lead the world towards transport decarbonisation, by erasing the greatest barrier preventing drivers from going electric – charge anxiety. The technology is applicable for devices ranging from home appliances to electric vehicles and industrial robotics, improving performance and revolutionising energy storage markets.
As well as ensuring security of supply of key materials, this strategic partnership will enable Nyobolt to benefit from the established recycling capabilities of H.C. Starck, allowing the efficient use of resources to minimise the environmental impact of Nyobolt’s ultra-fast charging batteries. The collaboration will lead to a sustainable supply chain for Nyobolt’s technology, making the technically demanding process of battery recycling easier and more efficient.
