Northvolt raises USD 600m for realizing battery plants

Swedish battery maker Northvolt has received a capital injection of USD 600 million, raised in a financing round led by Baillie Gifford, Goldman Sachs and Volkswagen.

Northvolt Ett in Skellefteå, Sweden, will have a capacity of 32 GWh by 2024, according to Northvolt. | Photo: PR / Northvolt

by VICTOR EMIL KRISTENSEN

If you're looking for a finished Northvolt battery factory, there are still only graphical renditions available, as Northvolt Ett in Skellefteå, Sweden, won't have its first stage ready until next year.

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Northvolt signs billion-euro deal with BMW
Danish pension funds lend Swedish battery group credit to build factory
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Northvolt gets German loan guarantee to build battery cell plant
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