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.

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Learn more about Northvolt

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What is Northvolt's IPO price?

The IPO price for Northvolt will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Northvolt?

Northvolt is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Northvolt shares pre-IPO?

If you own Northvolt pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Northvolt a publicly traded company?

Northvolt is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Northvolt's funding to date?

Northvolt has raised $6.42B to date.
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When was Northvolt founded?

Northvolt was founded in 2016.
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Who founded Northvolt Battery?

Peter Carlsson is the CEO and founder of Northvolt.

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Where is Northvolt located?

Northvolt is headquartered in Stockholm, Sweden.

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Who uses Northvolt batteries?

Northvolt supplies key customers which include BMW, Volkswagen, Volvo, and more.

Who are Northvolt's major investors?

Volkswagen Group
Goldman Sachs
Norrsken VC
Third Swedish National Pension Fund
Stena Metall
PCS Holding AG
Fourth Swedish National Pension Fund
IMAS Foundation
Updated on: Jun 22, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.