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Northvolt

8 Disclosed Funding Rounds $3,290,092,593

0 Participating Investments


Energy, Energy Storage, CleanTech, Electronics, Clean Energy, Manufacturing, Battery

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy.

Stockholm, Stockholms Lan, Sweden, Europe (SE)

Organizations in Stockholm in Energy,
Organizations in Stockholm in Energy Storage,
Organizations in Stockholm in CleanTech,
Organizations in Stockholm in Electronics,
Organizations in Stockholm in Clean Energy,
Organizations in Stockholm in Manufacturing,
Organizations in Stockholm in Battery,
Organizations in Stockholms Lan in Energy,
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Organizations in Stockholms Lan in Electronics,
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Organizations in Stockholms Lan in Battery,
Organizations in Sweden in Energy,
Organizations in Sweden in Energy Storage,
Organizations in Sweden in CleanTech,
Organizations in Sweden in Electronics,
Organizations in Sweden in Clean Energy,
Organizations in Sweden in Manufacturing,
Organizations in Sweden in Battery,
Organizations in Europe in Energy,
Organizations in Europe in Energy Storage,
Organizations in Europe in CleanTech,
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Organizations in Europe in Clean Energy,
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Investors in Stockholm in Energy,
Investors in Stockholm in Energy Storage,
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Investors in Sweden in Energy Storage,
Investors in Sweden in CleanTech,
Investors in Sweden in Electronics,
Investors in Sweden in Clean Energy,
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European Union (EU) (0 Investors) (0 Startups), Scandinavia (0 Investors) (0 Startups), Nordic Countries (0 Investors) (0 Startups)

Founded date 01, 2016

Founders Paolo Cerruti, Peter Carlsson

Operating Status Active

Funding Stage Early Stage Venture

Last Funding Type Corporate Round

Company Type For Profit


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Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plant to produce batteries for electric vehicles. Northvolt's product is an environment-friendly battery manufactured with minimal carbon footprint and with recycling technology without compromising with important eco-systems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems. In 2016, Paolo Cerruti and Peter Carlsson headquartered the company in Stockholm, Stockholms Lan.

Date Round Raised Lead
March, 15, 2021 Corporate Round Undisclosed Volkswagen Group
September, 29, 2020 Venture - Series Unknown $600,000,000 Volkswagen Group, Goldman Sachs Merchant Banking Division, Baillie Gifford
July, 29, 2020 Debt Financing $1,600,000,000 -------
June, 12, 2019 Corporate Round $600,000,000 Volkswagen Group, Goldman Sachs
June, 12, 2019 Debt Financing $400,000,000 European Investment Bank
January, 04, 2019 Venture - Series Unknown $13,718,124 -------
May, 15, 2018 Venture - Series Unknown $11,820,261 Siemens
February, 23, 2018 Debt Financing $64,554,207 European Investment Bank

Northvolt Investors (41)

Investor Lead? Round Participating Raise Date Partners
Volkswagen Group Yes Corporate Round Undisclosed March, 15, 2021 -------
Baron Capital No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Scania Growth Capital No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Volkswagen Group Yes Venture - Series Unknown $600,000,000 September, 29, 2020 -------
PCS Holding AG No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Norrsken VC No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
IMAS Foundation No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Goldman Sachs Merchant Banking Division Yes Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Daniel Ek No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Cristina Stenbeck No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Bridford Investments No Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Baillie Gifford Yes Venture - Series Unknown $600,000,000 September, 29, 2020 -------
Euler Hermes Group SA No Debt Financing $1,600,000,000 July, 29, 2020 -------
Société Générale No Debt Financing $1,600,000,000 July, 29, 2020 -------
KfW IPEX Bank No Debt Financing $1,600,000,000 July, 29, 2020 -------
UniCredit Group No Debt Financing $1,600,000,000 July, 29, 2020 -------
The Export-Import Bank of Korea No Debt Financing $1,600,000,000 July, 29, 2020 -------
Swedbank No Debt Financing $1,600,000,000 July, 29, 2020 -------
Sumitomo Mitsui Banking Corporation No Debt Financing $1,600,000,000 July, 29, 2020 -------
Siemens Bank No Debt Financing $1,600,000,000 July, 29, 2020 -------
SEB (Skandinaviska Enskilda Banken) No Debt Financing $1,600,000,000 July, 29, 2020 -------
PFA Pension No Debt Financing $1,600,000,000 July, 29, 2020 -------
Nordic Investment Bank No Debt Financing $1,600,000,000 July, 29, 2020 -------
Nippon Export and Investment Insurance No Debt Financing $1,600,000,000 July, 29, 2020 -------
ING Group No Debt Financing $1,600,000,000 July, 29, 2020 -------
APG Asset Management No Debt Financing $1,600,000,000 July, 29, 2020 -------
Danske Bank No Debt Financing $1,600,000,000 July, 29, 2020 -------
Intesa Sanpaolo No Debt Financing $1,600,000,000 July, 29, 2020 -------
Danica Pension No Debt Financing $1,600,000,000 July, 29, 2020 -------
BNP Paribas No Debt Financing $1,600,000,000 July, 29, 2020 -------
Bayerische Motoren Werke No Corporate Round $600,000,000 June, 12, 2019 -------
AMF No Corporate Round $600,000,000 June, 12, 2019 -------
IKEA No Corporate Round $600,000,000 June, 12, 2019 -------
European Investment Bank Yes Debt Financing $400,000,000 June, 12, 2019 -------
Folksam No Corporate Round $600,000,000 June, 12, 2019 -------
Volkswagen Group Yes Corporate Round $600,000,000 June, 12, 2019 -------
Goldman Sachs Yes Corporate Round $600,000,000 June, 12, 2019 -------
Vattenfall AB No Venture - Series Unknown $13,718,124 January, 04, 2019 -------
Vargas No Venture - Series Unknown $13,718,124 January, 04, 2019 -------
Siemens Yes Venture - Series Unknown $11,820,261 May, 15, 2018 -------
European Investment Bank Yes Debt Financing $64,554,207 February, 23, 2018 -------