The world is moving on from conventional to more sustainable energy sources. Countries across the globe are trying to bolster their stance on greener energy generation alternatives. While green energy production is steadily increasing, storing and using it is another conundrum altogether. Helping further advance the science for batteries, Cambridge-based energy startup Nyobolt offers a new kind of battery technology capable of delivering notably advanced features.
The company has developed a new material for manufacturing its ‘cutting-edge’ batteries, which are touted to deliver greater power and fast charging. The startup has now secured a notable £7.5 million in its latest Series A fundraising round. In a conversation with UKTN, the company’s CEO Dr Sai Shivareddy reveals more about the technology behind their futuristic batteries, their future plans, and more.
Funds to fuel further innovation
The latest funding round for Nyobolt was led by IQ Capital, with participation from Cambridge Enterprise and Silicon Valley investors. The fresh funds will enable the company to expand its operations globally and build a new production and testing facilities. Furthermore, the company will increase the headcount for its engineering and operational teams....