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DeepNewz, mobile.
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UK fast-charging battery technology company Nyobolt has raised $30 million to expand its business in autonomous warehouse robots and heavy duty vehicles and move into new markets including mainstream electric vehicles, it said on Wednesday. https://t.co/NG8vcwpQgR https://t.co/DocZ2ZdgED
⚡ @nyobolt raised $30M to fast-track its ultra-fast power systems. https://t.co/9XAqGJ4zhl It was backed by @IQ_Capital_Fund, Latitude, Scania Invest & Takasago Industry. @asharoraa @MaxBautin #ai #venturecapital #uktech #london #funding #innovation #investment #uktech
IQ Capital and LocalGlobe’s sister growth fund Latitude led the round for the Cambridge-based startup. https://t.co/yDl9wrND6r
Nyobolt, a UK-based fast-charging battery technology company, has raised $30 million in a funding round led by IQ Capital and Latitude, LocalGlobe’s sister growth fund. The investment also involved Scania Invest and Takasago Industry. Nyobolt, which currently generates $9 million in revenue, specializes in ultra-fast power systems capable of charging electric vehicles within five minutes. The company plans to use the new capital to expand its business into autonomous warehouse robots, heavy-duty vehicles, and mainstream electric vehicles, targeting new markets and accelerating growth.
