Nyobolt opens office in Boston, US ahead of new battery prototype launch
Nyobolt, the Bradfield Centre-based niobium-based battery start-up, has launched its first US office in Boston, Massachusetts.
Backed by Microsoft investor David Marquardt, the former CEO of DuPont, Marc Doyle, and leading technology investors William and Andy Matthes, the rapid expansion comes just two months after the company closed a £7.5m series A funding round.
The new Boston office, in the heartland of several elite universities, including Harvard and MIT, will serve as the global hub for Nyobolt’s battery cell development. The location offers Nyobolt direct access to some of the world’s most talented scientists and engineers. Serving as the main hub for Nyobolt’s global battery cell development, the US team – which combines the expertise of A123 engineers and other leading battery companies – will be responsible for creating the first demonstrative product prototypes for Nyobolt, which are expected to launch later this year.
Nyobolt has developed a proprietary process using niobium-based anode materials to create batteries that deliver record high power, ultrafast charge and high energy. The world-leading charge and discharge rate capability of Nyobolt batteries, extensively recorded in academic journals, presents a huge opportunity to supercharge the electric revolution.
Mark Newman, CCO and head of strategy at Nyobolt, said: “Despite being headquartered in Cambridge, UK, we have global horizons and are focused on finding the world’s best talent. Boston is a hot-bed for world-class battery start-ups and talent, so it is the ideal base from which to nurture our unique product offering.
“True to Nyobolt’s customer-centred approach, our US team will be focused on designing cell sizes to suit a variety of applications and consumer needs, culminating in the launch of our first product prototypes later this year. These will serve to demonstrate our technology’s wide-reaching potential, across applications such as power tools, high performance vehicles, industrial equipment, and consumer devices.”
Mr Doyle will also join the company as a board member and non-executive director. He previously spent 25 years at DuPont and was part of the executive team responsible for managing the Dow-DuPont merger in 2017, culminating in the successful IPO of the new DuPont in 2019.
His appointment will further strengthen a leadership team that already combines decades of experience at companies including Tesla, Samsung, and Dyson, as battery cell technology kicks on.
Mr Doyle said: “Since starting my career as a battery scientist, I have long had a passion for the advanced battery field and renewable energy markets. Nyobolt’s technology fundamentally reshapes the performance envelope of rechargeable batteries, and having known Professor Clare Grey professionally for over two decades, I have huge confidence in the science behind the company. I am delighted to be joining the board.”
Nyobolt CEO Sai Shivareddy added: “With his unique insight and leadership experience, Marc’s perspective will be an invaluable resource to us as we continue our journey toward becoming the global leader in record-breaking ultrafast charging.”
Led by a team of globally renowned industry experts, Nyobolt owns the exclusive IP rights to the original niobium anode invention by leading University of Cambridge battery scientist Professor Clare Grey and now has a presence in the UK, the US and Asia.