start up Specializing in the development of fast charging batteries for electric vehicles, has confirmed Recent $59 million increase In a Series B fund to finance its new manufacturing plant which will be located in the United Kingdom. It is expected to start production work on its own battery cells from 2023 next year.
This new company does not yet have its own factory in the power sector, although its advances are numerous with regard to the development of fast-charging batteries as well as other approaches such as recycling battery materials. The financing round held in the recent past was directed by HC Stark Tungsten Powder, a division related to the firm Masan Hi-Tech Materials and which is responsible for providing tungsten to companies around the world. This mentioned department will help Neobolt through a strategic consortium to expand its manufacturing of batteries and implement its recycling program for them.
Research has been made for one of the most outstanding classes being developed by Neobolt in recent years Implementation of a battery anode through the use of niobium and tungsten, This, according to new studies published by the company, allows an electric vehicle equipped with this battery technology to be fully charged within minutes of being plugged in. These materials, given their chemical stability, are often used to strengthen steel or, in parallel, to form alloys with it.
As confirmed by a company representative in a recent statement, most electric vehicle manufacturing companies today are focusing their capabilities around larger, heavier and more expensive batteries that deliver huge electric range figures on a single charge. able to claim. , From Neobolt they point out that, in fact, this is not the future of the electric automotive industry, but It will go for a smaller, longer-lasting, cheaper battery with ultra-fast charging capability,
Companies like CATL are working on new batteries with these features, known as “solid electrolyte” batteries, that will also come close to these technical capabilities. According to Neobolt, “the recipe will be to get a full recharge within minutes of recharging.” The new batteries the British company is testing are expected to become a reality during the latter half of the current decade.
Currently, Nyobolt has opened a New division dedicated to developing batteries for high-performance electric vehicles, specially designed for racing models or focused on high competition. They expect them to become a reality in the coming years and later, they may hit the electric vehicle market during the last years of this decade or early next.
With this new investment of economic capital made on the company, Neobolt will be able to finance the construction of their new factory, possibly near Cambridge, where they have their official headquarters, as well as the development of their future projects of new batteries. Will continue together technologies.