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Nyobolt Secures $30M in Funding to Meet AI Power Demand

  • Nyobolt, the pioneer of high-power ultrafast charging technologies, has raised $30 million in funding to meet the increasing demand for AI power solutions.
  • The funding, led by IQ Capital and Latitude, will support the advancement of Nyobolt's proprietary technology, fuel market expansion, grow its team, and solidify its position in the industry.
  • Nyobolt's technology enables peak performance without compromising and uses fewer natural resources compared to traditional lithium batteries.
  • The company is developing high-density power systems to address the 10x power requirements driven by AI growth in data centers, as the industry is projected to be worth $500 billion within five years.

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