Nyobolt, a leader in high-power, ultrafast charging solutions, has secured $30 million in new funding. The round was led by IQ Capital and Latitude, the sister fund of LocalGlobe, with participation from strategic partners including Scania Invest and Takasago Industry. This latest investment brings total funding to $100 million and will drive the scaling of proprietary technology, expansion into new markets, and team growth, reinforcing Nyobolt’s position at the forefront of ultra-fast power systems.
With increasing energy demands across sectors such as AI automation, heavy-duty transportation, and data centres, industries face rising pressure to reduce emissions without sacrificing uptime. Currently, only 20% of these sectors are electrified, despite significant financial risks — including data centre outages averaging $9,000 per minute. Projected global power demand is expected to rise 165% by 2030 due to AI growth. Nyobolt’s solutions deliver up to 20 times more power, enable rapid charging within minutes, and drastically reduce downtime, offering peak performance while using fewer natural resources than conventional lithium batteries.
Nyobolt’s advantage lies in proprietary anode material developed from advanced cell chemistry research. The technology enables higher power density and rapid charging without performance degradation, solving critical challenges that limit conventional battery systems. Already adopted in AI-driven logistics operations and heavy-duty vehicles, Nyobolt ended 2024 with $9 million in revenue and became the first to charge an electric vehicle battery to 80% in under five minutes. With more than $150 million in contract value secured, the company is on track to triple revenue and is currently engineering high-density power systems tailored to the extreme demands of AI data centres — a sector projected to reach $500 billion in value within five years.
"The world is experiencing an unprecedented demand for power, not only to decarbonise heavy industries but to provide enough resources to handle the surge in AI infrastructure," said Sai Shivareddy, Co-Founder and CEO of Nyobolt. “The energy status quo can’t and shouldn’t sustain these demands. Our vertically integrated technology is already positively impacting customers, enabling them to experience stable, fast charge solutions when they need them the most. I’m delighted to have the confidence of our customers and investors as we further strengthen our mission to push the boundaries of ultra-high-power solutions.”