Nyobolt

Investor: Symbotic

Cambridge-based ultrafast battery charging and energy storage startup Nyobolt has raised £44 million ($60 million) in a Series C funding round. Led by Nasdaq-listed robotics leader Symbotic, the round officially crowns the company a unicorn with a $1 billion valuation. Summary of transaction details: Value: £44 million ($60 million) at a $1 billion valuation Sector: DeepTech & AI / Energy Storage / Battery Tech Advisor: Not disclosed Key Entities: Target: Nyobolt; Lead Investor: Symbotic; Participating Investors: IQ Capital, Latitude (Phoenix Court), Scania Invest, CBMM; Key Executive: Sai Shivareddy (Co-founder & CEO) Location: Cambridge, UK Note: Nyobolt represents a massive turnaround story, having warned of a cash runway crisis in early 2025 before securing a £23m bridge round last summer. Today, its revenue has grown five-fold driven by surging demand across the physical AI and AI data centre markets. Spun out of the University of Cambridge, Nyobolt's proprietary battery technology delivers up to 20x more power and charges in minutes. Strategic lead investor Symbotic is currently rolling out Nyobolt's technology across its autonomous warehouse robots, delivering 6x more energy capacity, 40% less weight, and 10x the cycle life of traditional lithium-ion batteries. This Series C funding will fuel further commercial expansion, including a massive 100MW off-grid AI data centre and power management project in Rajasthan, India.

Investor: Symbotic

Nyobolt, a pioneer in ultra-fast, high-power energy technology based in Cambridge, UK, has successfully raised £44 million in a Series C funding round. This investment aims to accelerate its development pipeline and bring its power performance solutions to market, particularly for autonomous machines. The round was notably led by Symbotic.Summary of transaction details:Value: £44 millionSector: DeepTech & AIAdvisor: Not specifiedKey Entities: Nyobolt (Target), Symbotic (Lead Investor)Location: Cambridge, UK (Target's location)Note: This funding injection underscores investor confidence in Nyobolt's innovative energy technology, aiming to accelerate the commercialization of its solutions critical for high-demand applications like autonomous systems, thereby enhancing its market position in advanced energy solutions.

Investor: IQ Capital, Latitude

Nyobolt, a Cambridge-based leader in high-power ultrafast charging technologies, has successfully secured £23 million in a new funding round. This critical investment, led by IQ Capital and Latitude with participation from strategic partners including Scania Invest and Takasago Industry, brings the company's total funding raised to over £75 million and will accelerate its technological advancements and market expansion.Summary of transaction details:Value: £23,000,000Sector: DeepTech & AIAdvisor: Not mentionedKey Entities: Nyobolt (Target), IQ Capital, Latitude, Scania Invest, Takasago Industry (Investors)Location: Cambridge, UKNote: This funding is crucial for Nyobolt, having warned earlier in the year of potential financial difficulties. The capital injection will enable the company to further develop its proprietary energy storage and fast-charging solutions, expand its team, and solidify its position in vital sectors such as AI infrastructure and heavy-duty vehicles.