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Northvolt

Energy · Stockholm, SE

EV and energy-storage battery manufacturer.

Funding history

DateRoundAmount
Jan 2024Debt
Swedish battery maker Northvolt secured a $5B green loan from 23 banks and the EIB, Europe's largest climate-tech loan, to expand its Swedish gigafactory.
$5B
Nov 2023Debt
Swedish battery maker Northvolt raised $150M in convertible debt from CDPQ to help fund its Northvolt Six gigafactory in Quebec, Canada.
$150M
Jun 2023Growth
Swedish battery maker Northvolt received a $400M commitment from Canadian pension fund IMCO for its expansion.
$400M
Jul 2022Debt
Stockholm battery maker Northvolt signed a 1.1B dollar convertible note from AMF, Goldman Sachs Asset Management, Volkswagen Group and others to finance European factory expansion.
$1B
Jun 2021Growth
Stockholm battery maker Northvolt signed a $2.75B private placement co-led by AP funds 1-4 (4 to 1 Investments) and OMERS, with Goldman Sachs Asset Management and Volkswagen Group.
$2.8B
Sep 2020Growth
Swedish battery maker Northvolt raised $600M in private equity led by Baillie Gifford, Goldman Sachs and Volkswagen.
$600M

Investors

4 to 1 InvestmentsAMFBaillie GiffordBaron Capital GroupCDPQEuropean Investment BankGoldman SachsGoldman Sachs Asset ManagementIMCONordic Investment BankOMERSOMERS Capital MarketsSwedbank RoburVolkswagen

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