A Cambridge University professor’s ultrafast EV battery startup has raised $59 million in Series B funding. Nyobolt aims to develop a battery that can achieve 5-minute EV charging time.
By Michelle Lewis
Goslar, Germany-based H.C. Starck Tungsten Powders (HSC), a wholly owned subsidiary of Hanoi-headquartered Masan High-Tech Materials, the largest manufacturer of mid-stream tungsten products outside of China, led the funding for Cambridge, UK-based Nyobolt.
EV charging in 5 minutes.
H.C. Starck will help Nyobolt scale up its R&D and manufacturing centers in the UK and US, as well as its battery recycling program.
Nyobolt’s executives say it’s currently focusing on developing batteries for high-performance racing EVs, and that its batteries could be ready for use in mass-market EV models later this decade, according to Reuters.
Hady Seyeda, CEO of H.C. Starck Tungsten Powders, said:
Continue reading… “A 5-minute EV charging startup raises $59 million”
Nyobolt’s technology is a real breakthrough that we can help commercialize based on our vast experience in transferring innovative solutions into large-scale manufacturing. This partnership is also going to accelerate the development toward a circular economy for batteries via enhanced recycling and new models of use.