GoldenGolden
Northvolt

Northvolt

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy.

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. The company was founded by Paolo Cerruti and Peter Carlson in 2016, in Stockholm, Stockholms Lan, Sweden.

The aim of the company is to provide the automotive industry with electric batteries, and to industrialize the recycling process of lithium-ion batteries. Its product is an environment-friendly battery manufactured with minimal carbon footprint and with recycling technology, which attempts to enable the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.

Northvolt is known for creating batteries with various characteristics, shapes, and sizes and producing them in small or large quantities. Their batteries are designed to minimize carbon footprints in recycling to allow Europe to transition to renewable energy. Their cells deliver customer proprietary chemistries, cell designs and form factors, and are available in modular components and scalable systems.

Timeline

December 22, 2020
Northvolt and Hydro launch joint venture to enable electric vehicle battery recycling
December 22, 2020
BMW Group signs long-term supply agreement for battery cells with Northvolt
September 29, 2020
Northvolt raises a $600,000,000 series B round from Baillie Gifford, Cristina Stenbeck, Daniel Ek, Goldman Sachs, Scania Growth Capital and Volkswagen.
July 29, 2020
Northvolt raises a $1,600,000,000 venture round from Nordic Investment Bank, SEB Group, Siemens, Société Générale, Swedbank and UniCredit.
June 12, 2019
Northvolt raises a $600,000,000 corporate funding round from Bayerische Motoren Werke, Folksam, Goldman Sachs, IKEA and Volkswagen.
January 4, 2019
Northvolt raises a $14,840,000 venture round from Vattenfall.
May 15, 2018
Northvolt raises a $12,000,000 venture round from Siemens.
February 23, 2018
Northvolt raises a $63,790,000 venture round.
2017
Northvolt announces the development of their sustainable battery cell and establishes one of Europe's largest battery factories.
2016
Northvolt was founded by Peter Carlsson.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Northvolt funding round, June 2019
600,000,000
June 12, 2019
8 Results
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Northvolt - Funding, Financials, Valuation & Investors

Web

Northvolt | Enabling the Future of Energy

Web

Northvolt | Enabling the Future of Energy

Web

Documentaries, videos and podcasts

Title
Date
Link

Peter Carlsson, CEO of Northvolt

October 28, 2020

Companies

Company
CEO
Location
Products/Services

Northvolt

Peter Carlsson

Stockholm, Stockholms Lan, Sweden

Lithium-ion batteries

News

Title
Author
Date
Publisher
Description
Isabella Pojuner
March 25, 2021
Sifted
Europe now boasts 800 climate techs and huge successes like Northvolt, Arrival and Oatly. But who are the sustainable startups to watch?
Jonathan Shieber
March 15, 2021
TechCrunch
Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge [...]
Dan Taylor
March 10, 2021
Tech.eu
Swedish battery maker Northvolt has acquired US-based Cuberg, and gains access to high performance lithium metal technology that can be built upon already existing lithium-ion manufacturing lines. Specifically, those already in place and serving the electromobility market. Terms of the sale remain undisclosed. Cuberg counts Boeing, BETA Technologies, Ampaire, and VoltAero as existing customers, and [...]
Freya Pratty
February 2, 2021
Sifted
Data from Pitchbook shows corporate VC deals hit a record high last year, up 24% from the year before, reaching €19.4bn in value.
Lianna Norman
January 28, 2021
Business Insider
As automakers pump money into the lithium-ion battery market, startups are developing new higher-density, lower-cost, and "green" options for EVs.
EIT InnoEnergy
December 11, 2020
www.prnewswire.com:443
El reglamento sobre baterías propuesto por la Comisión Europea el jueves pone de relieve la necesidad de minimizar tanto la huella social como la huella de...
Kirsten Korosec
July 19, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. The [...]

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.