Cambridge Enterprise helped fill out a series A round for the battery technology developer that was led by IQ Capital.
Nyobolt, a UK-based battery technology spinout of University of Cambridge, secured $10m yesterday in a series A round that included the institution’s tech transfer arm Cambridge Enterprise.
Venture capital firm IQ Capital led the round, which also drew in funding from unnamed Silicon Valley-based investors.
Nyobolt is developing high-powered, fast-charging batteries made from an element known as niobium. Its batteries are designed to be capable of operating at extreme temperatures and to be highly durable.
The company’s…
