‘”We are excited to move our technologies from development to deployment in the market. We founded Nyobolt following the discovery of new anode technologies containing tungsten with remarkable fast-charging capability to bring these properties to the market in applications touching all aspects of daily life,” said Professor Clare Grey, Chief Scientist & Co-founder of Nyobolt.
“The funding from H.C. Starck will help Nyobolt to scale up our operations in the UK and the United States and bring a more sustainable solution into the energy storage industry.”
The funding round was led by H.C. Starck Tungsten Powders, a unit of Vietnamese mining company Masan High-Tech Materials, one of the world’s largest tungsten suppliers. Through a strategic partnership, Germany-based H.C. Starck will help Nyobolt scale up manufacturing and its battery recycling program.
“Nyobolt’s technology is a real breakthrough that we can help commercialize based on our vast experience in transferring innovative solutions into large-scale manufacturing,” said Hady Seyeda, CEO of H.C. Starck Tungsten Powders.
“This partnership is also going to accelerate the development toward a circular economy for batteries via enhanced recycling and new models of use.”