Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

The company made the first commercial deliveries of its battery cell in the spring of 2022

July 6, 2022

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Northvolt, a Sweden-based manufacturer of lithium-ion batteries, has signed a $1.1 billion convertible note to finance the expansion of its battery and cathode material production in Europe.

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Gourav Mishra

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Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Continue Reading with Premium Access

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