Northvolt is a electrification and renewable energy technology company that plans to build a factory for the manufacture of lithium-ion batteries for electric cars and for energy storage.
Northvolt accelerates this transition by building Europe's largest battery factory.
Northvolt AB was founded in 2016 by Peter Carlsson, Paolo Cerruti, Harald Mix & Carl-Erik Lagercrantz. The company is based in Stockholm, Sweden.
Northvolt Battery Systems, a team dedicated to developing complete battery systems, which includes cells, battery, data management systems and thermal control functions, for key customer segments, completed the first battery module prototype.
Northvolt is backed by Goldman Sachs, Volkswagen Group, Vattenfall, Stena, InnoEnergy, the Swedish Energy Agency, & Vinnova among others.
Northvolt was valued at a whooping $1.6B in it's latest "Corporate Round" funding of a $1B on June 12, 2019.