CEO Sai Shivareddy told Reuters that so far Nyobolt, based in Cambridge, England, has focused on energy storage systems, but in particular and autonomous robots that operate in e-commerce warehouses around the clock that require ultra-fast charging because they have almost no downtime.
“We’ve been focused on this market because there’s pretty much no competition,” Shivareddy said.
Last year in a track test Nyobolt successfully charged an EV to 80% from 10% in less than five minutes. The company has had talks with eight major automakers over the past 12 months about using its battery technology – which relies on a graphite anode for fast charging and high energy density – in their EV platforms, Shivareddy said.
“This is totally possible for mainstream, high-volume models within the next three to five years,” he said. “We stand uniquely positioned to partner with anybody and everybody who wants to build these systems at scale.”
Fast-charging EV platforms have come into sharper focus recently after No. 1 Chinese automaker BYD unveiled a new platform it said could charge EVs as quickly as it takes to fill up a fossil-fuel car.
Shivareddy said Nyobolt will not build batteries at scale itself but aims to license out its technology to major battery makers.
Content Courtesy – Reuters
