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Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

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Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

Northvolt today announced the agreement of a $1 billion equity capital raise to enable the establishment of Europe’s first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden. In cooperation with the Volkswagen Group, the company also announced plans to establish a second gigafactory with an intended location in Lower Saxony, Germany.
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Enabling the Future of Energy

Northvolt is a European supplier of sustainable, high-quality battery cells and systems. Founded in 2016 to enable the European transition to a decarbonized future, the company has made swift progress on its mission to deliver the world’s greenest lithium-ion battery with a minimal CO2 footprint and has grown to 2,500 people from over 100 different nationalities.

Northvolt
Northvolt
Alströmergatan 20
112 47 Stockholm
Sweden