Northvolt Stock

northvolt.comEnergy / Energy StorageFounded: 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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Northvolt investors also invested in these private companies

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


Management Team

Paolo Cerruti
Co-Founder, Board Member & Chief Operating Officer
Yasuo Anno
Chief Development Officer
Landon Mossburg
Chief Digital Officer & President, Northvolt America
Alexander Hartman
Chief Finance Officer
Cecilia Lundin
Chief People Officer
Peter Carlsson
Co-Founder, Chief Executive Officer & Board Member

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News Highlights

Swedish EV battery maker raises $1.2B to expand to North America
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters.
Sweden’s Northvolt to Make Batteries for Electric Planes
Swedish car-battery maker Northvolt is expanding into aviation, as it targets the nascent field of decarbonizing commercial flight.
Northvolt and Scania unveil battery for heavy trucks
Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck.
Updated on: Sep 24, 2023