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.

It provides electrification and renewable energy storage designed for lithium-ion battery plant to produce batteries for electric vehicles. Northvolt's 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

2017

In 2017, a start-up announced develop their battery cell and established one of Europe's largest battery factories.

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
4 Results
Results per page:
Page 1 of 1

People

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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

Companies

Company
CEO
Location
Products/Services

Northvolt

Peter Carlsson

Stockholm, Stockholms Lan, Sweden

Lithium-ion batteries

News

Title
Author
Date
Publisher
Description
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

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