Northvolt (Series D)
Funding Details
- Date Award
- January 15, 2024
- Vertical
- Energy
- Funding URL
- View Funding Page
- Premoney Valuation
- $10,500,000
- Valuation
- $12,000,000
- Funding Amount:
- $1,500,000
Company Info
- Founding Year
- 2016
- Traction
- Northvolt has secured contracts with major automotive manufacturers and has begun production at its Gigafactory in Sweden, with plans to expand capacity significantly over the next few years.
- Revenue Amount
- $500,000
- ARR
- $200,000
- Organizations Involved
- Volkswagen, BMW
- Founders
- Peter Carlsson, Paolo Cerruti
- Company Description
- Northvolt is a Swedish battery manufacturer that focuses on producing sustainable lithium-ion batteries for electric vehicles and energy storage systems. The company aims to create a circular economy for batteries by recycling and reusing materials.
- Market
- Battery Manufacturing
- Location
- Stockholm, Sweden
- Coinvestors
- Volkswagen, Goldman Sachs