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Northvolt
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Developer of battery storage technology and infrastructure solutions

Founded in 2015
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Sweden Stockholm, Sweden
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Updated by Sunena Gupta at on 11/21/2023

Edited by Cleantech Group on 04/01/2025

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  • 1 M&A items
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Date Company
03/20/2020

Epiroc Epiroc

Building off a partnership that has lasted more than two years, Northvolt has developed lithium-ion battery systems specifically for Eprioc machines and delivered their largest order of battery systems to date.

Confirmed by Epiroc

Partnerships
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Date Partner Type
11/24/2023
Altris Altris
Northvolt, with partner Altris, develops sodium-ion battery validated at 160 Wh/kg
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Confirmed by Altris
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IPO INFORMATION

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Description

Date Investors Type Amount
01/17/2024 European Investment Bank European Investment Bank , Nordic Investment Bank (NIB) Nordic Investment Bank (NIB) (2)
Post-money valuation of
Funding of $5B was raised across 23 commercial banks to enable the expansion of Northvole Ett (cathode and cell manufacturing) and Revolt Ett (recycling).
Loan $5,000,000,000
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