Nyobolt wins new funding for ultra-fast charging technology

Nyobolt , the ultra-fast charging technology company which develops, manufactures, and commercializes lithium-ion batteries that charge in minutes, is to receive new funding through the Faraday Battery Challenge.
Nyobolt wins new funding for ultra-fast charging technology
Courtesy of Nyobolt.

Secured in collaboration with WAE Technologies Ltd (WAE), Coventry University and the University of Cambridge, the funding is delivered by Innovate UK, part of UK Research and Innovation (UKRI). UKRI provides targeted sectors with expertise, facilities and funding to test, demonstrate and evolve their ideas, driving UK productivity and economic growth. This funding will be utilized by Nyobolt and its partners in accelerating the mission of bringing ultra-fast charging, high-performance and long-life battery technology to the automotive sector.

The collaboration, known as EXtrAPower (Enabling Xtreme Automotive Power), brings together world leading expertise with advanced automotive engineering and electrification, through WAE, cell development and optimisation from Coventry University, the University of Cambridge’s advanced battery chemistry research, and Nyobolt’s innovation in end-to-end battery technologies.

“Nyobolt’s battery technology addresses a market failure for high-power and long cycle life within automotive applications” said Dr. Sai Shivareddy, CEO of Nyobolt. “EXtaAPower will accelerate the adoption of our novel technology, and with it the transition to zero emission vehicles. We are excited to be working alongside leading experts in the field to advance innovative, ultra-fast charging batteries for automotive.”

Nyobolt is commercialising battery technologies, which provide significant advantages over current state-of-the-art. This project will optimise battery performance over an extended operating temperature range with an enhanced cycle life. The result will deliver improved performance and higher efficiency to advance the transition to zero emission vehicles.

“The project enables us to continue our strong collaboration with Nyobolt, following on from two Faraday Institution Industry Fellowships” added Professor Alexander J. Roberts, Chair of Energy Storage at Coventry University. “Through the project, we will continue to support their cell development, and prototyping and testing activities in the UK, helping them on the journey to full commercialization. With the University of Cambridge and WAE as the two other consortium partners, the opportunity for rapid progress and extensive learning across the stages of technology development is significant.”

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