Nyobolt secures $10 million in Series A round led by IQ Capital

Nyobolt, a Cambridge, UK-based manufacturer of an alternative tech for producing batteries, announced that it secured a $10 million financing in Series A round.

The money was raised from investors led by IQ Capital and included participations from Cambridge Enterprise and other investors which remained undisclosed.

Nyobolt was founded based on research made at Cambridge University and led by Professor Clare Grey and CEO Sai Shivareddy. The company has developed a proprietary process using niobium-based anode materials to create batteries that deliver record high power, ultrafast charge and high energy — a paradigm shift that could power the shift to electric.