Northvolt
Latest round
- Series B
Last raised
- Sep 2020
Total raised
- $600M
Investors
- 9
About Northvolt
Founded in 2016 and based in Stockholm, Sweden, Northvolt AB operates as a clean technology company that manufactures lithium-ion batteries for transport, power grids, and industrial, and consumer use. CEO Peter Carlsson and COO Paolo Cerruti co-founded the company.Northvolt AB. Financial terms of the transaction were not disclosed. The deal is expected to be completed in Q4 2025. The company's development team manufactures energy storage systems such as Voltblock and Voltpack built with lithium-ion battery cells used for various applications including, automotive, grid, portable, industrial, and disruptors. Northvolt AB also uses hydrometallurgical treatment to provide battery recycling services. Northvolt AB generates revenue by selling energy storage products and providing data mining solutions to support client's battery and business model needs. The company has secured more than USD 27 billion worth of contracts from key customers, including BMW, Fluence, Scania, and Volkswagen.
Who invested in Northvolt
9 investors across 1 round
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Funding rounds
Series B
Sep 29, 2020
Amount
$600M
Investors
Questions about Northvolt
Who invested in Northvolt?
Northvolt has 9 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Northvolt raised?
Northvolt has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Northvolt last raise money?
Northvolt's most recent round on record is a Series B, in Sep 2020.
What does Northvolt do?
Founded in 2016 and based in Stockholm, Sweden, Northvolt AB operates as a clean technology company that manufactures lithium-ion batteries for transport, power grids, and industrial, and consumer use.
Where is Northvolt headquartered?
Northvolt is headquartered in Stockholm, Sweden.
Which VCs invest in companies like Northvolt?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back energy storage & batteries companies at Northvolt's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series B
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