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NORTH AMERICA
NIOBIUM-BASED BATTERY START-UP , NYOBOLT , LAUNCHES US OFFICE
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 .”
Nyobolt , founders of ultra-fast charging niobiumbased battery technology , has expanded its global footprint with the launch of its first US office . Backed by Microsoft investor , David Marquardt , 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 £ 7.5 million series A funding round , demonstrating robust investor confidence in the company ’ s transformational offering .
Based in Boston , Massachusetts , the new office will be in the heartland of several elite universities , including Harvard and MIT , offering 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 .
Mark Newman , CCO and Head of Strategy at Nyobolt , said : “ Despite being headquartered in Cambridge , UK , we have global horizons and are
Ex-DuPont CEO , Marc Doyle , will also join the company as a board member and Non-Executive Director . Doyle previously spent 25 years at DuPont and was part of the executive team responsible for managing the DowDuPont 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 .
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 Cambridge University battery scientist , Professor Clare Grey , and now has a presence in the UK , the US and Asia . �
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