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- Nyobolt
Nyobolt Revenue, Valuation, Funding & Investors
Nyobolt is valued at $1B as of May 2026.
Last Nyobolt valuation
$1B
Series C · May 2026
Last Nyobolt funding round
$60M
Series C · May 2026
Nyobolt revenue
$9M
Series B · Jul 2022
Key investors in Nyobolt
IQ Capital
Parkwalk Advisors
Scania Invest
LocalGlobe
University of Cambridge Enterprise
Latitude
About Nyobolt
Nyobolt is a Cambridge-based developer of lithium-sulfur batteries for electric vehicles emphasizing ultra-fast charging. The technology achieves 200 kW power output, recharging from 10 to 90 percent in under five minutes while storing 400 Wh/kg energy density. Founded in 2020 from University of Cambridge research, Nyobolt partners with H1 Vehicle Intelligence for prototype testing and raised $25 million in Series A funding.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$9M (Jul 2022)
Valuation
$1B (May 2026)
Nyobolt Valuation
Nyobolt is currently valued at $1B, based on its Series C in May 2026.
The $60M round was led by Symbotic, with participation from Scania Invest, Latitude, IQ Capital and CBMM.
Nyobolt's valuation has grown 2.5x from $399M at its Series B in July 2022 to $1B in May 2026, across 2 priced rounds.
Nyobolt valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2026 | Series C | $1B | - |
| Jul 2022 | Series B | $399M | 44.3x |
Nyobolt Revenue
Nyobolt's latest recorded revenue is $9M, as of its Series B in July 2022. At a $399M valuation, that implies a 44.3x revenue multiple.
Nyobolt revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2022 | $9M | $399M | 44.3x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Nyobolt Funding History
Nyobolt has raised a total of $175M across 6 funding rounds.
Nyobolt's first fundraising round was a $2M seed round in September 2020. The most recent completed round was a $60M Series C in May 2026.
Nyobolt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series C | Symbotic (lead); Scania Invest; Latitude; IQ Capital; CBMM | $60M | $1B | Nyobolt, a Cambridge-based ultra-fast charging battery technology company, closed a Series C funding round on May 6, 2026, raising $60 million at a $1 billion post-money valuation. The round was led by Symbotic, a Nasdaq-listed AI-enabled robotics company for supply chain automation whose SymBot autonomous mobile robots already deploy Nyobolt's battery systems. Additional investors included IQ Capital, Latitude (Phoenix Court), Scania Invest, and CBMM, the Brazilian niobium producer controlling the majority of global niobium supply. This brings Nyobolt's total funding to approximately $160 million since its 2019 founding. The investment accelerates Nyobolt's commercialization of its proprietary niobium tungsten oxide anode battery technology, originally developed through research at the University of Cambridge by Professor Dame Clare Grey. The company targets energy bottlenecks in autonomous robotics, industrial AI systems, and AI data center infrastructure. Symbotic's participation reflects strategic alignment, as its warehouse robots already integrate Nyobolt's ultrafast-charging cells to enhance operational performance. CBMM's participation secures supply chain access for the critical niobium component. Nyobolt has demonstrated strong commercial momentum, with revenues growing five times year-over-year, driven by accelerating demand across physical AI applications and AI data center infrastructure. The funding will support expansion of the development pipeline, manufacturing scale-up, and strengthening of business partnerships across the autonomous machines and data center sectors. |
| Apr 2025 | Undisclosed stage | IQ Capital (lead); LocalGlobe (lead); Scania Invest; Takasago Industry | $30M | - | Nyobolt, a Cambridge- and Boston-based company founded in 2020, develops high-power ultrafast charging battery technologies using proprietary anode materials, targeting applications in AI warehouses, heavy-duty vehicles, robotics, industrial decarbonization, and data centers to enable charging in minutes and reduce downtime. The company raised $30 million (€26.4 million) on April 16, 2025, led by IQ Capital and Latitude (sister fund of LocalGlobe), with participation from strategic investors Scania Invest and Takasago Industry, bringing total funding to $100 million. Proceeds will advance proprietary technology, expand markets, grow the team, and solidify leadership in ultra-fast power systems amid surging demand from AI infrastructure and electrification needs. Nyobolt reported $9 million in revenue for full-year 2024, a significant increase from $88,700 in 2023, despite a $26.5 million loss that year, with 2023 figures not reflective of recent progress per company statements. It has secured over $150 million in contract value, primarily from a major US warehouse robotics customer, positioning it for revenue tripling and further deals in AI automation and heavy transport. The round followed a January 2025 cash warning tied to unrecognized milestone payments, but Nyobolt maintained runway and views itself as a going concern. Investors highlighted Nyobolt's transition from deep tech research to commercial impact, with breakthroughs like charging an EV to 80% in under five minutes. Scania emphasized its anode tech for heavy-duty electrification and AI infrastructure. CEO Sai Shivareddy noted the technology's role in meeting unprecedented power demands for decarbonization and AI, with deployments already reducing emissions and enabling 24/7 operations in power-intensive sectors. |
| Jul 2022 | Series B | H.C. Starck (lead); IQ Capital | $61M | $399M | Nyobolt is a Cambridge-based spin-out from the University of Cambridge developing ultra-fast charging lithium-ion batteries using novel tungsten-based anode technology for applications in automotive, home appliances, and energy storage to enable net-zero electrification and renewable energy integration. The company secured a £50 million Series B funding round on July 15, 2022, led by H.C. Starck Tungsten Powders—a subsidiary of Masan High-Tech Materials and a major tungsten supplier—with participation from existing investor IQ Capital, valuing the business at £300 million post-money. This round follows a £7.5 million Series A in 2021 and positions Nyobolt to scale manufacturing, including its first UK materials plant and US cell engineering facility expansion, aiming to produce millions of units in 2023 while minimizing carbon footprint through recycling and reuse programs. The strategic partnership with H.C. Starck provides a sustainable tungsten supply chain and supports commercialization of Nyobolt's high-power density batteries, which address fast-charging needs critical for EV adoption and grid storage. CEO Sai Shivareddy emphasized the funding's role in accelerating market entry and showcasing proprietary technology developed by experts including co-founder Prof. Clare Grey. H.C. Starck CEO Hady Seyeda highlighted the investment's alignment with downstream expansion into innovative battery applications like the 'starck2charge' materials range. The investment reflects strong investor confidence in Nyobolt's technology for transforming energy storage amid global clean energy goals. |
| Aug 2021 | Series A | Parkwalk Advisors | $12M | - | Nyobolt is a UK-based deeptech startup developing high-power, ultrafast charging, and energy storage technologies for power-intensive industries including AI, heavy-duty transport, and data centers. Co-founded in 2019 by Dame Clare Grey and CEO Dr. Sai Shivareddy, the company specializes in proprietary anode materials enabling faster charging, higher power density, and longer cycle life. Parkwalk Advisors is listed among its investors, with total funding reaching $100 million by April 2025 across multiple rounds. The latest Series C round of $30 million on April 16, 2025, was led by IQ Capital and Latitude, with participation from Scania Invest and Takasago Industry, to advance technology, expand markets, and grow the team. Nyobolt achieved $9 million in 2024 revenue (non-GAAP) and secured over $150 million in contract value, with deployments in AI warehouses and heavy-duty vehicles. A Series B in July 2022 carried a $354.65M valuation, and total raised is reported as $69.15M to $112.1M across 4+ rounds. |
| Feb 2021 | Series A | IQ Capital (lead); University of Cambridge Enterprise; ARVO VENTURE CAPITAL | $10M | - | Nyobolt, a University of Cambridge spinout founded in 2019 by CEO Dr. Sai Shivareddy and Professor Dame Clare Grey, develops ultrafast-charging batteries using niobium-based materials for high-power applications in commercial vehicle fleets, Formula E racing, and eVTOL aircraft. The company targets niche markets requiring high energy bursts and minimal downtime, with batteries expected to be two to three times more expensive than standard EV batteries. On February 23 or 25, 2021, Nyobolt raised $10 million in a Series A round led by IQ Capital and Cambridge Enterprise (commercial arm of University of Cambridge Enterprise). The funds supported new facilities, global expansion, and building engineering and operational teams. |
| Sep 2020 | Seed | Parkwalk Advisors | $2M | - | - |
Who has invested in Nyobolt?
11 investors have backed Nyobolt across its funding rounds, including IQ Capital, Parkwalk Advisors, Scania Invest, LocalGlobe, University of Cambridge Enterprise and Latitude.
Lead investors include Symbotic, IQ Capital, LocalGlobe and H.C. Starck.
Nyobolt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2021 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Participant | Apr 2025 | ||
| 1 | Lead | Apr 2025 | ||
| 1 | Lead | Jul 2022 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Lead | May 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNyobolt Competitors
Nyobolt competitors include listed companies like ADS-TEC Energy, T1 Energy, Amprius and Eos Energy Enterprises, and private ones like StoreDot and Phylion Battery.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $36M | ($3M) | $842M | 26.7x | ||
| Publicly listed | $755M | ($210M) | $1.3B | 2.2x | ||
| Publicly listed | $72M | ($41M) | $1.4B | 10.9x | ||
| Publicly listed | $114M | ($930M) | $1.4B | 9.9x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $726M | - |
Nyobolt Public Comps
Nyobolt is still privately-owned, but its public comps include Chengdu RML Technology, Smarter Microelectronics, Towa, Sitronix, Foxsemicon, Henan Yicheng New Energy, FourSemi, MTCN Technology, MegaChips and JANAF.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $110M | $29M | 6.5x | - | 24.5x | - | |||
| $120M | ($31M) | 7.7x | 7.8x | (30.2x) | (31.1x) | |||
| $350M | $66M | 2.7x | 2.5x | 14.5x | 12.5x | |||
| $596M | $89M | 1.3x | - | 8.8x | - | |||
| $654M | $115M | 1.5x | 1.3x | 8.5x | 9.4x | |||
| $527M | ($30M) | 3.0x | - | (53.0x) | - | |||
| $55M | ($7M) | 16.8x | - | (122.6x) | - | |||
| $64M | $17M | 17.0x | - | 62.9x | - | |||
This data is available for Pro users. Sign up to see all Nyobolt competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nyobolt
| When was Nyobolt founded? | Nyobolt was founded in 2020. |
| Where is Nyobolt headquartered? | Nyobolt is headquartered in Cambridge, United Kingdom. |
| Is Nyobolt publicly listed? | No, Nyobolt is a private, VC-backed company. |
| What is Nyobolt's valuation? | Nyobolt was last valued at $1B in its Series C in May 2026. |
| How much funding has Nyobolt raised? | Nyobolt has raised $175M across 6 funding rounds. |
| What was Nyobolt's last funding round? | Nyobolt's last funding round was a $60M Series C in May 2026, led by Symbotic. |
| Who are Nyobolt's investors? | Nyobolt's investors include IQ Capital, Parkwalk Advisors, Scania Invest, LocalGlobe, H.C. Starck, University of Cambridge Enterprise, Latitude, Takasago Industry, Symbotic, ARVO VENTURE CAPITAL and 1 other. |
| What is Nyobolt's revenue? | Nyobolt's latest recorded revenue is $9M (July 2022). |
| What is Nyobolt's revenue multiple? | Nyobolt's latest valuation implies a 44.3x revenue multiple ($399M valuation on $9M of revenue). |
| Which companies are comparable to Nyobolt? | Companies comparable to Nyobolt include ADS-TEC Energy, T1 Energy, Amprius, Eos Energy Enterprises, StoreDot and Phylion Battery. |
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