Northvolt (Chapter 11 Bankruptcy)

Funding Details
Awarder
RSS - www.ctvc.co
Date Award
January 22, 2025
Vertical
Batteries
Funding URL
View Funding Page

Company Info
Founding Year
2016
Traction
Northvolt had raised over $15 billion from investors but faced significant operational challenges leading to bankruptcy.
Organizations Involved
BMW, Samsung, Volkswagen
Founders
Peter Carlsson
Company Description
Northvolt is a battery manufacturer for electric vehicles, industrial systems, and energy storage systems.
Market
Electric Vehicles
Location
SkellefteƄ, N/A, Sweden
Coinvestors
Volkswagen, Goldman Sachs, BlackRock

Links
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