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Battery Europe Renewable Energy

Nyobolt Raises $10M in Series A Funding

– Nyobolt Raises $10m in Series A Funding
– The round was led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors.
– The company intends to use the funds to expand globally, building new facilities, and growing the engineering and operational teams.

Battery Electric Vehicle Energy Energy Storage Manufacturing North America Renewable Energy

Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology

– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.

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