Nyobolt

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.