# Nyobolt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nyobolt

- Industry: Energy Storage & Batteries
- Headquarters: Cambridge, UK
- Website: www.nyobolt.com/
- Total disclosed funding: $130M
- Investors on record: 11

## About

Nyobolt Limited, based in the United Kingdom, specializes in high-power battery technology that offers ultrafast charging capabilities and long cycle life, targeting industries such as electric vehicles and robotics . Founded in 2019 by co-founder Dr. Sai Shivareddy (CEO) and Prof. Dame Clare Grey, Nyobolt Limited operates from its headquarters in Cambridge, UK, focusing on innovative battery solutions. The company has successfully completed five deals, with the most recent funding round occurring on April 16, 2025, where it raised GBP 22.6 million. This round was co-led by Latitude Ventures and returning investor IQ Capital, with participation from new investors including Takasago Industry Co., Ltd. and Scania CV AB. The founders of Nyobolt include Clare Grey, Kent Griffith, and Sai Shivareddy, who serves as the CEO.Nyobolt specializes in high-power battery technology designed to deliver ultrafast charging capabilities alongside a long cycle life. Their core product offerings include batteries that can withstand over 25,000 charging cycles without significant degradation, making them ideal for high-demand applications such as electric vehicles and industrial robotics. Nyobolt's batteries enable electric vehicles to charge from 10% to 80% in less than five minutes, addressing the critical need for reduced downtime in transportation. The company serves a wide range of customers, including manufacturers of electric vehicles, industrial robots, and heavy-duty machinery, across diverse geographical markets such as Europe, North America, and Asia-Pacific. By focusing on performance and longevity, Nyobolt aims to revolutionize battery technology for sectors where rapid charging and durability are paramount.In 2023, Nyobolt reported revenue of GBP 83,343.70, while the EBITDA for the same year stood at GBP -24,547,815.90. The company operates on a B2B model, forming partnerships with manufacturers and businesses that integrate their batteries into their products, typically through bulk sales agreements. In Nyobolt Limited raised USD 60 million in series C funding led by investor Symbotic LLC, with participation from other investors Companhia Brasileira de Metalurgia e Mineração, Scania CV AB, IQ Capital and Latitude Ventures. The company plans to use the May 2026 funding o accelerate its development and deployment of its ultra-fast, high-power energy solutions for autonomous machines and AI data centre infrastructure.

## Funding rounds

- Round, Nov 3, 2026, $60M — Symbotic, CBMM, IQ Capital, Latitude, Scania Invest
- Series C, Apr 8, 2026, $59M — IQ Capital, Scania CV AB, Companhia Brasileira de Metalurgia e Mineração, Symbotic LLC, Latitude Ventures
- Series A, Jan 29, 2021, $10M — Cambridge Enterprise, IQ Capital
- Seed, Sep 29, 2020, $1.5M — Parkwalk Advisors

## Investors

- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Seed
- Cambridge Enterprise — Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A, Series C
- Scania CV AB — Series C
- Companhia Brasileira de Metalurgia e Mineração — Series C
- Symbotic LLC — Series C
- Latitude Ventures (https://capitalatlas.ai/funds/latitude-ventures) — Series C
- Symbotic
- CBMM
- Latitude (https://capitalatlas.ai/funds/latitude)
- Scania Invest