Cambridge-based Nyobolt has raised €26.3 million in funding to advance their high-power ultrafast charging technology.
The funding was led by IQ Capital and Latitude, bringing the total funding raised to €87.9 million.
Nyobolt's technology aims to address the increasing demand for power in industries such as AI automation, heavy-duty transport, and data centers.
With their energy storage and fast-charging technologies, Nyobolt intends to set a new industry standard by delivering high-power solutions with greater endurance and using fewer natural resources.