Nyobolt has raised $30 million to enhance its ultrafast charging technology, aiming to lead the energy sector as demand for efficient power solutions surges.

Target Company Overview

Nyobolt is a pioneering company in the field of high-power ultrafast charging technologies, dedicated to facilitating decarbonization across various industrial sectors while significantly minimizing downtime. The company has developed advanced electrified energy solutions that are already being utilized in AI warehouses and heavy-duty vehicles, boasting over $150 million in secured contract value. Recently, Nyobolt achieved a notable milestone by charging an electric vehicle battery to 80% in under five minutes, exemplifying its leading-edge technology.

The recent funding round secured $30 million from major investors including IQ Capital, Latitude (LocalGlobe's sister fund), and strategic partners such as Scania Invest and Takasago Industry. This funding elevates Nyobolt's total capital raised to $100 million and will enable the company to further enhance its proprietary technologies, expand its market reach, and strengthen its workforce, solidifying its position as an industry leader in ultra-fast power systems.

Industry Overview in the Target's Country

The energy landscape in the United Kingdom, where Nyobolt operates, is evolving rapidly, particularly in sectors requiring high power density and performance. Industries such as AI automation, heavy-duty transport, and data cent