Industry Briefing
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Nyobolt Closes $60 M Series C Funding Round at $1B Valuation, to Power Autonomous Machines, Physical AI Applications and AI Data Centers
Nyobolt, a company specializing in ultra-fast charging and high-power battery systems, has successfully secured $60 million in Series C funding, pushing its valuation beyond $1 billion. The funding round, which took place recently, was led by Symbotic and included contributions from notable investors such as IQ Capital, Latitude, Scania Invest, and CBMM. This financial boost aims to facilitate the expansion of Nyobolt's technology, particularly for applications in autonomous robots and AI infrastructure. The company has reported a remarkable fivefold increase in revenue over the past year, highlighting its growth potential in the rapidly evolving battery market.
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