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Nyobolt Secures $60M Series C to Accelerate Fast-Charging Battery Systems for AI and Robotics

Cambridge has a habit of building companies that make entire industries look up from their quarterly forecasts and quietly recalculate the future. Nyobolt just added another chapter with a $60M Series C round led by Symbotic, alongside IQ Capital, Latitude, Scania Invest, and CBMM. When the customer becomes the investor too, the conversation changes fast. That is not speculation anymore. That is deployment talking.

Dr. Sai Giridhar Shivareddy, Co-founder and CEO, and Professor Dame Clare P. Grey, Co-founder and Chief Scientist, did not build Nyobolt to chase EV hype cycles or social media applause from people pretending a charging station outside Erewhon counts as infrastructure. They built for systems that cannot afford downtime. Warehouse robotics. Physical AI. AI data centers. Machines that operate on brutal schedules where every minute offline burns money.

The leadership bench matters here too. Prash Patel, CFO, is helping scale the financial side while Ramesh Narasimhan, Executive Vice President, pushes commercial growth into markets demanding reliability instead of marketing theater. Marc Doyle, Chairman of the Board and former DuPont CEO, brings heavyweight industrial experience to a company now operating in a sector where chemistry, manufacturing, and compute infrastructure are colliding at full speed.

And the numbers carry credibility. Nyobolt reported more than $9M in 2024 revenue with 5x year-over-year growth and over $150M in contract value secured. The company’s battery systems are already deployed inside Symbotic’s SymBot warehouse robots. Not lab experiments. Not “innovation theater.” Real machines moving real inventory inside real logistics networks.

Then the technology starts sounding slightly disrespectful to conventional battery timelines. Nyobolt demonstrated EV charging from 10% to 80% in under 5 minutes using its proprietary niobium-based anode technology developed from Cambridge research. That changes the economics around uptime, fleet efficiency, and industrial automation. Downtime in robotics is expensive. Downtime in AI infrastructure becomes a tax on growth.

The company is also expanding into AI data center power systems and signed an MoU tied to more than 100MW of off-grid AI infrastructure in Rajasthan, India. Everybody loves talking about AI models. Fewer people talk about the power demands required to keep those systems alive once global compute demand starts scaling beyond existing grid capacity.

That is where Nyobolt becomes more than a battery company. Speed matters. Endurance matters more. Plenty of companies can build a flashy demo. Very few can survive industrial reality once procurement teams, logistics operators, and infrastructure economics enter the room. And that difference usually separates science projects from companies that actually shape industrial history.

Nyobolt

Nyobolt

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Key Executives

  • Dr. Sai Giridhar Shivareddy (Co-founder and CEO)
  • Professor Dame Clare P. Grey (Co-founder and Chief Scientist)
+3 more (coming soon)

Investors

Symbotic

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