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Innovation seeks to eliminate the main barrier to electric vehicles: recharging time, with the promise of almost instantaneous refueling
Vehicle loading electrical is about to undergo a revolution. Nyobolt, a company that is still small compared to giants like China’s BYD, has just secured an additional $30 million in investment.
The brand had already raised another $70 million, bringing its total to $100 million, thanks to its ultra-fast charging system that wowed the industry in 2024.
Prototype draws attention to charging technology
Last year, Nyobolt unveiled a prototype electric sports car to the public. But the vehicle wasn't the highlight.
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The real product was the charging technology that came with it. The car, called the Nyobolt EV, was equipped with a 35 kWh battery, combined with an 800 V electrical system.
This set allowed the charge to go from 10% to 80% in less than five minutes — exactly 4 minutes and 37 seconds.
Charging was done using direct current, with a power of up to 350 kW. Speed was not the only difference.
The battery has also shown resistance: it can withstand up to 4.000 complete charge and discharge cycles, maintaining 80% of its capacity at the end of each cycle. This balance between speed and durability has caught the attention of investors from various sectors.
Investors from different areas are betting on Nyobolt
Nyobolt’s new and existing investors include names such as IQ Capital, Latitude, Scania Invest and Takasago Industry.
One of the most interesting aspects of this growth is the presence of companies that are not from the automotive sector. They see potential in using technology in other areas with high energy consumption.
Industries such as artificial intelligence and data centers, which operate non-stop and consume energy all the time, can benefit from Nyobolt's system.
According to the company, these operations are currently only electrified for around 20% of the time, and solutions like the brand's can reduce costs and increase efficiency.
Profit in 2024 and million-dollar contracts
Nyobolt reported $2024 million in profit in 9. This is considered a positive figure, especially for a fast-growing technology company.
Revenue is expected to triple, as the company claims to have signed contracts totaling more than US$150 million.
Co-founder and CEO Sai Shivareddy highlighted that the market is increasingly interested in robust and fast chargers.
According to him, Nyobolt is helping in the transition to electric heavy-duty vehicles, which need more power and less waiting time to operate. He also said he is pleased with the confidence of investors and customers who are betting on the future of the technology.
Scania sees future in heavy transport
Jessica Persson, Head of Venture Capital and M&A at Scania, said the company is committed to more sustainable transport and the investment in Nyobolt is part of a clear strategy.
According to her, the technology developed by the startup allows not only faster charging, but also longer-lasting batteries. This combination is considered essential for the advancement of electric-powered trucks and industrial machinery.
Potential for global impact with AI
IQ Capital managing partner Max Bautin praised Nyobolt for being able to take research from the lab to the market in such a short time.
He highlighted that the company already provides high power density solutions for heavy-duty vehicles and AI-enabled automated operations.
Bautin believes that the artificial intelligence revolution increases the importance of technologies like Nyobolt's.
With energy consumption on the rise due to AI, it will be necessary to invest in faster and more efficient chargers. For him, the company can become the backbone of the infrastructure that supports this new digital era.
Cambridge as a cradle of innovation
Latitude’s Ash Arora stressed that Nyobolt is not just looking to make headlines with promises. Its mission is to build a solid foundation for the future of energy by combining cutting-edge technology and precision execution.
Arora also highlighted the link with the University of Cambridge as a relevant factor in the company's success.
He said that as power grids face increasing pressures from AI, Nyobolt is one of the only companies that is rapidly turning research into tangible impact. The company is therefore well-positioned to help solve global energy challenges.
With the new round of US$30 million, Nyobolt consolidates its advancement as one of the main promises in the energy sector.
The technology that allows a battery to be charged to 80% in less than five minutes is attracting attention both inside and outside the automotive sector. With profits recorded, million-dollar contracts and confident investors, the company is moving forward with force to become a key player in the global electric revolution.
