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.