Nyobolt Closes £50m Series B Funding to Bring Tungsten Batteries to Market

    Listen to this articleReading Time: 2 minutesBritish fast-charging battery manufacturer Nyobolt has closed its Series B funding round, which will see £50 million pumped into the company. The round was led by H.C. Starck Tungsten Powders, a subsidiary of Masan High-Tech Materials, one of the world’s largest tungsten suppliers — a key component in Nyobolot’s batteries.Nyobolt has a range of applications for its batteries ranging from home appliances to electric vehicles and industrial robotics. It also says they can revolutionise energy storage markets. The funding will bring Nyobolt’s products to market and launch its manufacturing next year. The company says it hopes to produce “millions” of units. The funding will also enable Nyobolt’s first materials manufacturing plant in the UK, as well as expansion of the US cell engineering facility and the teams’…

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