UK-based Nyobolt, a developer of niobium-based battery technology, has opened its first US office. The expansion comes two months after the company closed a $10-million-dollar Series A funding round.
Serving as the main hub for Nyobolt’s global battery cell development, the Boston-based US team—which combines the expertise of engineers from A123 and other battery companies—will be responsible for creating Nyobolt’s first product prototypes, which are expected to launch later this year.
CCO Mark Newman said, “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 owns the exclusive IP rights to the original niobium anode invention by Cambridge University battery scientist Professor Clare Gray; the company now has a presence in the UK, the US and Asia.
Source: Green Car Congress