Cambridge-based Nyobolt has raised $60 million in a Series C round led by Symbotic, with participation from IQ Capital, Latitude (Phoenix Court), Scania Invest and CBMM. The company said the financing closed at a $1 billion valuation.
Nyobolt develops high-power, fast-charging battery technology for applications where uptime is critical, including robotics, warehouse automation, autonomous machines and AI data centres. The company said the new capital will be used to accelerate its development pipeline and expand deployment of its power solutions across those markets.
The round comes as energy infrastructure is becoming a larger constraint for autonomous systems and AI workloads. Nyobolt said revenue grew fivefold year on year, underscoring rising demand for battery systems designed for high-intensity, fast-charging industrial use cases.
Nyobolt develops high-power, fast-charging battery technology for applications where uptime is critical, including robotics, warehouse automation, autonomous machines and AI data centres. The company said the new capital will be used to accelerate its development pipeline and expand deployment of its power solutions across those markets.
The round comes as energy infrastructure is becoming a larger constraint for autonomous systems and AI workloads. Nyobolt said revenue grew fivefold year on year, underscoring rising demand for battery systems designed for high-intensity, fast-charging industrial use cases.