Northvolt Stock

northvolt.comClean TechnologyFounded: 2016Funding to Date: $6.42B

Northvolt manufactures sustainable batteries with minimal carbon footprint in Europe. This company was founded by Paolo Cerruti and Peter Carlsson in 2016 and is headquartered in Stockholm, Sweden. Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. They also provide electrification and renewable energy storage designed for electric vehicles.

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Enterprise Value (based on primary financings)

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Northvolt investors also invested in these private companies

Volkswagen Group
Third Swedish National Pension Fund
Stena Metall
PCS Holding AG
Norrsken VC
InnoEnergy
Fourth Swedish National Pension Fund
IMAS Foundation

Team

Management Team

Peter Carlsson
Co-Founder & Chief Executive Officer
Paolo Cerruti
Co-Founder & Chief Operating Officer
Yasuo Anno
Chief Strategy & Technical Partnership Officer

Board Members

Tom Johnstone
Investor Growth Capital Limited

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News

Northvolt, which was valued at $12B by investors in June, said it’s the first battery of its kind to have been fully designed, developed and assembled at a so-called gigafactory by a homegrown European battery company. Northvolt said commercial deliveries will begin in 2022.
Northvolt Chief Executive Peter Carlsson wants to take on his old boss Elon Musk with the greenest electric vehicle batteries in the world. But he needs to start producing them first.
Northvolt will build a lithium processing plant with Portugal's Galp Energia with investments estimated at around 700 million euros ($789.6 million), as demand grows for lithium-ion batteries to power electric vehicles.