Nyobolt is a company specializing in battery technology, with a focus on developing ultra-fast charging, high-power density battery solutions. Pulse 2.0 interviewed Nyobolt co-founder and CEO Sai Shivareddy to gain a deeper understanding of the company.
Sai Shivareddy’s Background
Could you tell me more about your background? Shivareddy said:
“I’ve always been fascinated by technology and how things are powered.”
“I came from India to the UK to study engineering and received my PhD from St John’s College, Cambridge. My studies focused on electronics and battery materials. At Cambridge, I collaborated with Dyson on groundbreaking concepts for high-power energy storage technologies. That was over 15 years ago and I knew then that innovating in this field was my path.”
“Since then, I’ve worked across mining, materials, and manufacturing because I always wanted to understand problems from every angle. This gave me a deep understanding of the many sectors our business serves and has allowed me to apply my technical expertise to deliver real-world solutions to industries where instant power is crucial.”
Core Products
What are the company’s core products and features? Shivareddy explained:
“Nyobolt is an Instant Power solutions pioneer on a mission to accelerate progress for industries that require mission-critical uptime and high-power.”
“We’re delivering scalable, ultra-fast-charging, high-power battery technology to fuel power-hungry industries. Nyobolt’s approach combines proprietary low-resistance anode materials, optimized electrode architecture, and advanced thermal management to support high charging without accelerating degradation. This allows for repeatable, high-power cycling while maintaining long cycle life, safety, and system efficiency. Our systems-level innovation, born from a decade of shared dedication between world-class engineers, scientists, and manufacturing experts, is enabling us to redefine the energy storage industry.”
“We are transforming industries and accelerating progress where high-power and high uptime are mission-critical. Our solutions define success for industries such as AI data centers, autonomous robotics, commercial and passenger EVs, grid infrastructure and heavy industrial fleets.”
“As AI infrastructure demands explode and industries race to decarbonise, our ultra-fast charging solutions are becoming the backbone of tomorrow’s economy.”
Problem Being Solved
What problem are you solving? Shivareddy explained:
“We’re at a global tipping point when it comes to energy. As the world’s electrification needs continue to grow, immediate access to instant power is a necessity. Consumers want their goods delivered faster and companies need to operate at top efficiency. Autonomous mobile robot fleets help make that possible in a 24/7 supply chain. In fact, Morgan Stanley analysts predicted that the U.S. will have 78M humanoid robots at work by 2050.”
“AI data centers require incredible amounts of power putting strain on an already fragile power grid. With the growth of AI globally, data centers’ electricity needs will likely reach 1,000 terawatt-hours by 2026, matching Japan’s total consumption.”
“Whether it’s commercial or passenger electric vehicles, heavy-duty trucks, forklifts, or mining or construction haul trucks, power fuels these important movers.”
“Nyobolt delivers next-generation energy systems for industries where speed, uptime and reliability matter most. Our ultra-fast charging technology and compact, advanced power solutions unlock unmatched performance across AI data center GPU racks, robotics fleets, mining trucks and other demanding industrial equipment.”
“Our mission at Nyobolt is to eliminate downtime by making instant power a reality.”
Formation Of The Company
How did the idea for the company come together? Shivareddy shared:
“I founded Nyobolt in 2019 with my co-founder Professor Dame Clare Grey. Clare is an incredible scientist and is the Geoffrey-Moorhouse-Gibson and Royal Society Professor of Chemistry at Cambridge University.”
“Clare and I decided to launch the company following a breakthrough discovery by our team in using new anode materials in lithium-ion battery cells which allow for a faster transfer of electrons between the anode and cathode. This provides an ultra-fast charge without the levels of degradation that normally accompany frequent “supercharging” of lithium-ion batteries. We were determined to bring this revolutionary technology to market and knew that it could serve industries as diverse as electric vehicles to robotics, construction equipment to hyperscale data centers.”
Favorite Memory
What has been your favorite memory working for the company so far? Shivareddy reflected:
“It is hard to pick just one! Getting the fast charging technology operational when we scaled our manufacturing process to produce our first tonne of battery material and signing up our first customers are two favorite moments that come to mind.”
Challenges Faced
What challenges have Shivareddy and the team face in building the company? Shivareddy acknowledged:
“Sector specific boom-bust cycles play a big role in the maturity of any startup. After the rapid interest rate rises in 2022, the whole electrification sector suffered huge losses and the investor appetite to finance new technology in the climate sector took a hit. Challenges in financing became an area of opportunity as it meant we brought more discipline and innovated with far fewer resources than possible which prepared us for signing up some of the biggest contracts in our sector. As we have perfected our technology and brought it to full-scale production across continents to implementation, there have been some hurdles, but it comes with the territory. From creation to supply chain distribution, we have successfully introduced, shipped, operationalized and brought our technology to market and our customers have been thrilled with the results.”
Evolution Of The Company’s Technology
How has the company’s technology evolved since launching? Shivareddy noted:
“We started out with a new anode material that was able to recharge a battery in under five minutes. However, to bring the battery into the market we had to build across many fields in materials, electronics and software. These were innovations across the value chain as the platform to support high uptime robotic and AI infrastructure requirements did not exist. We have created the entire fast charging, high uptime platform to offer plug and play integrated power solutions.”
How AI Is Shaping What The Company Does
How is AI shaping what you do? Shivareddy replied:
“AI is shaping every industry. The massive power suck that comes with AI queries in data centers is pushing power infrastructure to its limits. GPU-driven AI systems create power demands that change faster during training and inference operations. These fast power shifts can push current systems beyond their limits and cause inefficiencies or disruptions. The explosion of AI has spurred companies into a race to build more data centers to meet the demand. Google, Meta, Amazon and Microsoft alone are planning to invest $350B+ this year creating and equipping AI data centers. Building more data centers isn’t necessarily the answer. It is how to harness, utilize and better manage the energy.”
“The volatility and spikes of GPU demand caused operators to oversize their systems, wasting both money and energy. That’s when I realized that AI isn’t just transforming industries with intelligence, it’s reshaping the very backbone of energy and compute. At Nyobolt, our breakthrough energy storage solution, with its dynamic response, solves this critical bottleneck, enabling AI infrastructure to operate at full capacity without compromise.”
Significant Milestones
What have been some of the company’s most significant milestones? Shivareddy cited:
“Nyobolt grew out of 10 years of research into fast-charge material science and battery engineering at the University of Cambridge. Since then, we have achieved many milestones and we’re just getting started!”
“For example, in 2022, we held battery system demonstrations with customers in sectors including EVs and industrial robots. A year later, we had the public reveal of the fast-charge Nyobolt concept, opened an anode material production facility near our headquarters in Cambridge, UK and expanded our cell development and prototyping facility in Boston, one of the great tech hubs in the U.S.”
“Last June, we proved that an electric car battery could be charged to 80% in under five minutes (4 minutes and 37 seconds to be exact)! It set a benchmark for fast, reliable, and repeatable high-power charging and marked the point when the world began to see that energy could move at the speed of our imagination. It shifted the narrative from what might be possible to what is already happening.”
“We’re proud to share that Symbotic, a leader in A.I.-enabled robotics technology for the supply chain, will roll out our new battery technology for its SymBot™ autonomous mobile robots. The technology will enable improved performance and durability for Symbotic’s industry-leading warehouse automation system.”
“The new solution has six times more energy capacity and is 40 percent lighter, compared to the ultracapacitors used in SymBot mobile robots today. It significantly reduces the overall weight of the power supply and enhances the reliability of the system by increasing the bots’ window of operability. The technology also delivers unparalleled cycle life: at least 10 times that of traditional Lithium-ion technology.”
Funding
When asking Shivareddy about the company’s funding details, he revealed:
“Nyobolt has raised a total of $100 million in funding across Series A and B rounds led by IQ Capital, H.C. Starck, and Latitude, including Scania Invest. The company has also secured more than $150 million in contract value and is actively delivering battery systems to customers with urgent fleet efficiency needs.”
Total Addressable Market
What total addressable market (TAM) size is the company pursuing? Shivareddy assessed:
“It’s a massive market that’s difficult to quantify because our energy solutions reach across many critical industries including robotics warehouse automation, grid infrastructure, heavy-duty trucking, mining equipment and machinery, EVs and AI and data centers. Our TAM in robotics and data centers alone are over $100s of billions each.”
Differentiation From The Competition
What differentiates the company from its competition? Shivareddy affirmed:
“What sets Nyobolt apart is our proprietary technology (60+ patents) and integrated ecosystem—spanning materials, cells, modules, battery management systems, power electronics and chargers—all engineered to enable industry-leading fast charging and seamless performance.
— Nyobolt batteries offer >10x power density with superior thermal performance when compared to traditional battery technology. (More density, less heat)
— Higher C‑rate performance (charge/discharge) with higher energy density and better roundtrip efficiency, enabling smaller, lighter systems with lower total cost of operation given its high cycle life. (Lighter means less power needed, saving on cost)
— Nyobolt delivers 10-100x the energy density of supercapacitors with practical run-time and integrated fast-charge—reducing pack size and system complexity
In short, Nyobolt’s difference falls in three areas:
- Proprietary BMS and systems integration: Software, electronics and module and pack hardware enables fast charge and high power
- Proprietary anode materials: Optimized for fast Li+ transport with long life, instant response and stability
- Cells engineered for performance by in-house experts with the optimum balance of energy and power using state-of-the-art, commercially available components and manufactured using standard equipment and processes”
Future Company Goals
What are some of the company’s future goals? Shivareddy emphasized:
“This is an exciting time to be in energy solutions. We’re looking forward to working closely with companies as they modify their systems to meet the energy needs of AI. As new developments in robotics continue to advance, we look forward to partnering with companies to accelerate uptime for robots in distribution centers and warehouses. Our team delivers tailored solutions to real-world power challenges that are flexible for mobility, industrial and grid use. In every step of the way, Nyobolt is helping businesses to meet their electrification goals while improving operational efficiency. We look forward to sharing more with you!”
Making A Big Impact
What’s one underrated move that made a big impact? Shivareddy concluded:
“Choosing not to be defined by our EV story. Instead, we framed our mission around uptime and instant power, which opened pathways into industries where the stakes are higher and the impact is broader. That decision positioned us to lead in the next wave of the energy economy.”
