About Northvolt
Northvolt is a company based in Stockholm (Sweden) founded in 2016 by Harald Mix, Peter Carlsson, Carl Erik Lagercrantz, and Paolo Cerruti was acquired by Scania in April 2025. Northvolt has raised $6.84 billion across 23 funding rounds from investors including Goldman Sachs, EIT InnoEnergy and Swedbank. Northvolt has completed 1 acquisition, including Cuberg. Northvolt offers products and services including Lithium-ion Cells, Sodium-ion Cells, Lithium-metal Cells, Voltpack Core, and Voltpack Mobile System. Northvolt operates in a competitive market with competitors including SunPower, Ambri, Verkor, Hydrostor and Cheesecake Energy, among others.
- Headquarter Stockholm, Sweden
- Founders Harald Mix, Peter Carlsson, Carl Erik Lagercrantz, Paolo Cerruti
- Stage Decacorn
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Sectors
Energy & Utilities
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Northvolt Ab
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.84 B (USD)
in 23 rounds
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Latest Funding Round
$97.3 M (USD), Debt – Conventional
Mar 14, 2024
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Investors
Goldman Sachs
& 46 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Scania
(Apr 11, 2025)
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Products & Services of Northvolt
Northvolt offers a comprehensive portfolio of products and services, including Lithium-ion Cells, Sodium-ion Cells, Lithium-metal Cells, Voltpack Core, and Voltpack Mobile System.
Batteries produced with low carbon footprint for energy storage.
Alternative batteries for sustainable energy applications.
Advanced batteries for high-performance industrial uses.
System for integrated battery solutions in various sectors.
Mobile battery management for e-mobility applications.
People of Northvolt
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Funding Insights of Northvolt
Northvolt has successfully raised a total of $6.84B across 23 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $97.3 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Northvolt
Northvolt has secured backing from 47 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, EIT InnoEnergy and Swedbank.
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Investment strategies are provided across diverse asset classes and markets.
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Investment banking services are delivered across multiple financial sectors.
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Sovereign wealth is managed and private equity investments are facilitated.
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Investor details for Northvolt
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Investments & Acquisitions by Northvolt
Northvolt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cuberg.
Investment portfolio details for Northvolt
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Lithium-ion batteries are developed using a patented solid electrolyte.
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Complete acquisition details for Northvolt
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Financial Statements - Northvolt
Detailed financials for Northvolt
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Northvolt Comparisons
Peer comparison for Northvolt
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Competitors of Northvolt
Northvolt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SunPower, Ambri, Verkor, Hydrostor and Cheesecake Energy, among others.
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Silicon-based solar PV modules are manufactured for diverse applications.
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Liquid metal batteries are provided for long-duration energy storage.
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Compressed air is stored underwater for electricity generation.
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Solutions for compressed air energy storage systems are provided.
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Detailed competitors of Northvolt
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Latest news on Northvolt
Complete news archive for Northvolt
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Frequently Asked Questions about Northvolt
Northvolt was founded in 2016.
Northvolt is headquartered in Stockholm, Sweden.
Peter Carlsson is the current CEO of Northvolt. They have also founded this company.
Northvolt is a funded company, having raised a total of $6.84B across 23 funding rounds to date.
Northvolt was founded in 2016 in Stockholm, Sweden, within the clean energy sector. Lithium-ion batteries are produced for electric and off-highway vehicles, with emphasis on low-cost solutions through innovative production technologies. Custom cells are developed for specific applications, alongside integrated battery systems. Operations are centered in Europe, supporting the transition to sustainable mobility.
Northvolt offers Lithium-ion Cells, Sodium-ion Cells, Lithium-metal Cells, Voltpack Core, and Voltpack Mobile System.
Northvolt has made 1 acquisition, including Cuberg.
Northvolt has 47 investors. Key investors include Goldman Sachs, EIT InnoEnergy, Swedbank, Volkswagen Group, and Vattenfall.
The valuation of Northvolt is $11.75B as of Jun 2021.