Nyobolt Raises $60M in Series C Funding, at $1B Valuation

The company plans to use the funding to grow its operations and continue developing its products and services.

The funding comes after a period of strong growth, with Nyobolt’s revenue increasing five times year-over-year due to rising demand from AI applications and AI data center infrastructure.

The investment comes at an important time, as autonomous machines are expanding from factories into warehouses, hospitals and city streets, creating energy demands that traditional batteries cannot meet. At the same time, AI data centers are facing growing power needs that older backup power systems were not designed to handle. Nyobolt’s ultra fast charging technology is designed for these high demand environments where reliability, and performance are critical.

Nyobolt is seeing strong demand from advanced autonomous robotics projects worldwide. Its battery technology powers Symbotic’s SymBot™ robots with six times the energy capacity of the ultracapacitors used before, while being 40% lighter and lasting at least 10 times longer than traditional lithium-ion batteries. This helps the robots operate continuously in busy warehouses 24/7.

The growth of physical AI, robots, autonomous mobile robots (AMRs), industrial automation and AI powered machines is creating major energy challenges. These systems operate in fast changing environments and require more power than traditional batteries were designed to deliver.

Nyobolt’s technology solves many of these battery limitations, helping autonomous systems deliver the reliable, always-on performance needed for the next generation of physical AI applications.

Nyobolt is expanding into India through an agreement with the state of Rajasthan to develop more than 100MW of off-grid AI data centers and power infrastructure. The partnership in Rajasthan is expected to be the first step in a larger expansion across India, with a focus on renewable energy and independent energy storage systems.

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"We're proud to partner with Nyobolt and invest in the next phase of their growth," said Symbotic Chief Strategy Officer Bill Boyd. "Nyobolt's proven technology is a key enabler of enhanced uptime and efficiency for our customers, and we're excited about the overall market potential of a new instant power infrastructure across multiple applications."

"Nyobolt is enabling the always on, always moving infrastructure that physical AI demands," said Sai Shivareddy, Co founder and Chief Executive Officer. "The enterprises deploying autonomous systems at scale can't afford downtime, swap time, or power flickers. Our technology delivers a powerful trifecta: improved performance, exceptional durability, and a more sustainable operation, enabling a new generation of machines to run harder and smarter."

ABOUT NYOBOLT

Founded in 2019, by Clare P. Grey and Sai Shivareddy, Nyobolt develops high-power, fast-charging energy technology for industries that need reliable performance and uptime. The company combines its own battery materials, cell design, and power electronics to deliver ultra-fast charging, high power output and long lasting battery performance.

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