Northvolt raises $600 million in equity to invest in capacity expansion, R&D and giga-scale recycling
Press releases • Sep 29, 2020 09:30 CEST
Northvolt today announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen Group, enabling the company to make further investments in expanding its production and recycling capacity as well as R&D activities to support the target of establishing 150 GWh of manufacturing capacity in Europe by 2030.