Is Northvolt a startup?

Is Northvolt a startup?

Scandi startup Northvolt is about to raise another multi-million round to supercharge development of batteries for Volkswagen and BMW’s electronic vehicles, sources claim.

Who owns Northvolt AB?


Type Aktiebolag
Founded 2016 (as SGF Energy)
Founder Peter Carlsson Paolo Cerruti Harald Mix Carl-Erik Lagercrantz
Headquarters Stockholm , Sweden
Key people Carl-Erik Lagercrantz (Chairman of the Board) Peter Carlsson (CEO)

Who does Northvolt supply?

Northvolt receives $14 billion battery cell order for Swedish gigafactory from Volkswagen. Northvolt and Volkswagen Group unveil next step in partnership plans: Northvolt receives $14 billion order as it is selected as a strategic lead supplier for premium battery cells for Volkswagen Group in Europe.

What is Northvolt?

Manufacturing with clean energy, our mission is to deliver batteries with an 80% lower carbon footprint compared to those made using coal energy. And we’re building them into solutions to make the world a better, cleaner place.

How much does VW own of Northvolt?

VW, which made a $14 billion order with Northvolt earlier this year, said Wednesday it has invested 500 million euros ($609 million) of the $2.75 billion and that its 20% stake in the company remains unchanged.

Is Northvolt private?

Northvolt said the private placement, one of the biggest in Europe, was led by four Swedish pension funds and OMERS Capital Markets, alongside existing investors Goldman Sachs and Volkswagen, with other shareholders also participating.

Where will Northvolt get its lithium?

Stockholm, Sweden – Northvolt today announced the agreement of a $1 billion equity capital raise to enable the establishment of Europe’s first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden.

Is Northvolt going public?

The Swedish battery cell manufacturer Northvolt wants to go public. The intended listing is to take place in 2022 or 2023 and bring the company a valuation of 20 to 30 billion euros. The Wolfsburg-based group had joined the Swedish company in the summer of 2019 with an initial 20 per cent stake, as it said at the time.

Will Northvolt go public?

STOCKHOLM, June 9 (Reuters) – Northvolt may seek a stock market listing in the future but have no immediate plans for one, Chief Executive Peter Carlsson said after the Swedish battery maker raised $2.75 billion in equity on Wednesday.

Who manufactures batteries for Volkswagen?

Contemporary Amperex Technology Co. Ltd.
Contemporary Amperex Technology Co. Ltd., known as CATL, is VW’s main battery supplier in its largest market.

Where is Northvolt located?

Northvolt confirms its gigafactory, Northvolt Ett, will be built in Skellefteå and a demonstration factory and research facility, Northvolt Labs, will be established in Västerås, Sweden. Northvolt is officially launched at its headquarters in Stockholm.