Fast-charging battery firm Nyobolt raises $30 million for expansion

FILE PHOTO: A pack of batteries with niobium anodes undergoes a rapid charge at the headquarters of fast-charging battery startup Nyobolt in Cambridge, Britain, June 13, 2022. REUTERS/Nick Carey./File Photo

LONDON (Reuters) - UK fast-charging battery technology company Nyobolt has raised $30 million to expand its business in autonomous warehouse robots and heavy duty vehicles and move into new markets including mainstream electric vehicles, it said on Wednesday.

The latest fundraising was led by venture capital firms IQ Capital and Latitude and included Scania Invest, the venture capital arm of Scania, Volkswagen's truckmaking business.