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Secondary marketplace / Explore private companies / Northvolt IPO
Northvolt

Northvolt IPO

$11.75B
Last Known Valuation, Nov 2025
Unicorn
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Northvolt IPO date and status

2016
Founded
Nov 2024
Bankruptcy Filed Chapter 11
northvolt.com

Company details

Northvolt was founded in 2016 by Paolo Cerrruti and Peter Carlson. In a discussion with the Financial Times in October 2023, Northvolt’s Head of Corporate Finance Andreas Rohman said, “We have worked for more than a year to get all processes and internal controls in place and then it will be up to the market to judge. Let’s see how the market looks in the next year or two” regarding a future IPO. While they are rumored to go public, the company has not officially endorsed a plan to participate in an IPO.

Northvolt is an electric battery developer that produces lithium-ion batteries for vehicles. Per Forge Data, Northvolt has raised a total of $8.8 billion in funding over 13 rounds, with its latest funding raised on Nov 16, 2023. Key investors include Goldman Sachs Merchant Banking Division, European Investment Bank, and Volkswagen Group.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

northvolt.com
Sector
Energy
Subsector
Energy Storage
Founded
2016
Headquarters
Stockholm, Sweden
Founders
Paolo Cerruti, Peter Carlsson
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
Not available
Total Funding
$4.37B
Last Funding Round
Not available

Learn more about Northvolt

To invest in Northvolt pre-IPO

Can you invest in Northvolt pre-IPO?

Northvolt is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of Northvolt before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Northvolt is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Northvolt shares?

To explore the value of your Northvolt shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Northvolt a publicly traded company?

Northvolt is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Northvolt potential IPO

Will Northvolt go IPO?

Northvolt has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Northvolt’s IPO price?

The Northvolt IPO price does not exist at this time, as Northvolt is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Northvolt, register for Forge today.

When was Northvolt founded?

Northvolt was founded in 2016.

What is Northvolt funding to date?

Northvolt has raised $4.37B to date.

Northvolt major investors

Fourth Swedish National Pension Fund
Goldman Sachs
Imas Foundation
Innoenergy
Norrsken Vc
Omers
Pcs Holding Ag
Stena Metall
Third Swedish National Pension Fund
Volkswagen Group
Show All InvestorsShow Fewer Investors

Northvolt pre-IPO valuation and funding rounds

Last known valuation details
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
Funding Round Details are not yet available for this company.

Northvolt IPO news and media highlights

Bloomberg.com 06/03/2024

Germany Lobbies Northvolt for Another Massive Battery Factory

Germany is pushing Swedish battery maker Northvolt AB to build a second massive factory in the north of the country as part of Berlin’s continued push to attract green investment. Economy Minister Robert Habeck, speaking Monday at business conference in Bad Saarow, suggested that Northvolt build a twin factory in the north-eastern state of Mecklenburg-Vorpommern to the €5 billion ($5.4 billion) plant under construction in the town of Heide.
Bloomberg.com 03/25/2024

Northvolt Starts Battery Plant Work in Win for Europe’s Industry

Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply electric cars, capping an intense lobbying effort under newly relaxed European Union state aid rules. The project will receive just over €900 million in handouts and guarantees from Germany, which helped prevent the project being lured to the US. Chancellor Olaf Scholz said the factory near the town of Heide will help support the country’s future as a manufacturing base.
Reuters 01/08/2024

Northvolt gains EU nod for $986 mln German aid to build EV battery plant

Swedish lithium-ion battery producer Northvolt on Monday secured EU approval for 902-million-euro ($986.43 million) in German state aid to build an electric vehicle battery production plant in the north of Germany. The European Commission said the plant would accelerate the 27-country bloc's green transition and reduce fuel dependencies, and that the German aid was necessary as without it, Northvolt would build the plant in the United States with support from the U.S. Inflation Reduction Act.
mint 12/18/2023

Northvolt breaks through: No-critical mineral, sodium-ion based battery ready for market

Northvolt, an electric vehicle (EV) battery manufacturing company that’s privately owned, has had a breakthrough in the race to build EV batteries that do not require critical materials. The company develops EV battery manufacturing processes for critical materials including lithium-ion. However, Northvolt CEO Peter Carlsson said the company has successfully created technology to produce sodium-ion batteries on a large scale. Developed alongside researcher Altris, the Northvolt sodium-ion batteries have added sustainability benefits by avoiding critical materials.
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Subsector: Energy Storage
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Updated on: Jul 15, 2025

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