Nyobolt's Cash Shortage Warning
This is a news story, published by Yahoo Finance, that relates primarily to the University of Cambridge news.
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electric carsTelegraph
•Cambridge electric car battery maker warns it may run out of cash within months
80% Informative
Nyobolt, a spin-off from the University of Cambridge , is on the hunt for cash.
It has burned through a pot of 50 m raised from investors two years ago .
The company unveiled a 155-mile electric vehicle that could charge from 10pc to 80pc in five minutes .
A string of British and European battery companies have failed to make a profit.
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