About Northvolt
Northvolt is an Energy & Utilities company based in Stockholm (Sweden) founded in 2016 by Harald Mix, Peter Carlsson, Carl Erik Lagercrantz, and Paolo Cerruti, and was acquired by Scania in April 2025. It operates as a lithium-ion batteries for electric vehicles are manufactured and optimized. Northvolt has raised $9 billion across 23 funding rounds from investors including Goldman Sachs, EIT InnoEnergy and Swedbank. The company has 407 employees. Northvolt has completed 1 acquisition, including Cuberg. Northvolt was last valued at $11.75 billion in June 2021. Its chief executive is Peter Carlsson. Its website northvolt.com draws about 35 thousand monthly visits. Northvolt offers products and services including Lithium-ion Cells, Sodium-ion Cells, Lithium-metal Cells, Voltpack Core, and Voltpack Mobile System. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is Northvolt AB. Its competitors include SunPower, Ambri, Verkor, Hydrostor and Cheesecake Energy and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Stockholm, Sweden
- Employees 407
- Founders Harald Mix, Peter Carlsson, Carl Erik Lagercrantz, Paolo Cerruti
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website northvolt.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Scania (Apr 2025)
- Legal Name Northvolt Ab
- Annual Revenue$107.46 M (USD)0as on Dec 31, 2022
- Net Profit-$286.1 M (USD)0as on Dec 31, 2022
- EBITDA-$642.46 M (USD)0as on Dec 31, 2022
- Total Equity Funding$9B (USD)
in 23 rounds
- Latest Funding Round$97.3M (USD), Debt – Conventional
Mar 2024
- InvestorsGoldman Sachs
& 51 more
- Employee Count407
- Investments & Acquisitions
- Acquired byScania
(Apr 2025)
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.
Apps and channels of Northvolt
its YouTube channel Northvolt has 4.39K subscribers and 30 videos.
Videos from Northvolt
The most watched videos on Northvolt's YouTube channel, Northvolt (4.39K subscribers). Click a video to play it here.
More on Northvolt.
Funding Insights of Northvolt
Northvolt has successfully raised a total of $9B 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.
- Total Funding $9B
- Total Rounds 23
- Last Round Debt – Conventional — $97.3M
- First Round $2.07M
(Nov 2016)
- Investors Count 52
Latest 10 of 23 funding rounds of Northvolt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $97.3M | Debt – Conventional | – | – | |
| Jan 2024 | $5B | Debt – Conventional | – | – | – |
| Dec 2023 | $756.58M | Grant | – | – | |
| Nov 2023 | $150M | Series D | – | Caisse de depot et placement du Quebec | – |
| Aug 2023 | $1.2B | Series D | – | IMCO, BlackRock | |
| Jan 2023 | $123,823 | Grant | – | – | |
| Jul 2022 | $1.1B | Series C | – | – | |
| Apr 2022 | $169.51M | Grant | – | – | |
| Apr 2022 | $83.32M | Grant | – | – | |
| Jun 2021 | $2.75B | Series C | $11.75B | OMERS Capital Markets, Goldman Sachs |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $11.75B | •••••••• |
| Jun 2019 | $1.6B | •••••••• |
Full valuation and stage history of Northvolt
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $11.75B (Jun 2021). 52 investors in total: 51 institutional and 1 angel.
Investors in Northvolt
Northvolt has secured backing from 52 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, EIT InnoEnergy and Swedbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment strategies are provided across diverse asset classes and markets. | 1965 | cdpq.com | Quebec City, Canada | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Sovereign wealth is managed and private equity investments are facilitated. | – | gic.com.sg | Singapore, Singapore | |
Early-stage tech companies are invested in by Bridford Group. | – | bridfordgroup.com | London, United Kingdom | |
Early-stage venture funding is provided by ATP Fund for scientific innovation. | – | atpfund.com | Southern US, United States | |
Impact investments are made in startups addressing global challenges. | – | norrsken.vc | Stockholm, Sweden | |
Finance and advisory services for infrastructure projects are provided. | 1958 | eib.org | Luxembourg, Luxembourg | |
Venture capital funding is provided to Swedish companies across sectors. | 2001 | vinnova.se | Stockholm, Sweden | |
Nordic Investment Bank is engaged in financing sustainable projects in the Nordic-Baltic region. | 1976 | nib.int | Helsinki, Finland | |
Government ministry responsible for economic affairs and climate protection | 1949 | bmwk.de | Berlin, Germany |
Investor details for Northvolt
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People of Northvolt
155 people are tracked at Northvolt (37 in leadership, 118 in team); the tracked headcount is 407.
| Name | Role | Group |
|---|---|---|
Harald Mix | Co-Founder | Leadership |
Peter Carlsson | Co-Founder & CEO | Leadership |
Carl Erik Lagercrantz | Co-Founder | Leadership |
Paolo Cerruti | Co-Founder | Leadership |
Dhruv Malhotra | Vice President, Northvolt Materials | Leadership |
Arvin Yousefi | Director Finance & Controlling | Leadership |
Scott Millar | Chief Restructuring Officer | Leadership |
Radosavljevic Goran | Vice President Of Manufacturing | Leadership |
Maria T. | VP Financial Control | Leadership |
Karen Chang | Interim Chief Executive Officer Northvolt North America | Leadership |
Dennis Van Schie | Chief Supply Chain Officer | Leadership |
Andreas Stark | Vice President Northvolt Programs | Leadership |
Alexander Streif | Vice President Supply Chain Management | Leadership |
Gunther Koblmiller | Senior Director Manufacturing Engineering | Leadership |
Oscar Wehtje | Director Of Financial Planning And Analysis | Leadership |
Eva Bender | Director Of Operational Excellence | Leadership |
Patrick Perner | Head Of Procurement For Core Process Equipment Electrode And Assembly | Leadership |
Yazan Sakaji | Director Of Contract Management | Leadership |
Mathieu Beunier | Vice President Of Energy Storage (ess) | Leadership |
Jose F. Moles | Senior Director - Factory Program Ett | Leadership |
135 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Lithium-ion batteries are developed using a patented solid electrolyte. | cuberg.net | Stanford, United States | 2015 | Mar 2021 | •••• |
Complete acquisition details for Northvolt
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Timeline of Northvolt
7 dated milestones of Northvolt across 9 years, from founding to its latest funding, stage changes and deals.
Competitors of Northvolt
Northvolt has 9 listed competitors in our database, 9 of them funded. They include SunPower, Ambri, Verkor, Hydrostor and Cheesecake Energy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| ambri.com | 2010 | Marlborough, United States | $222.43M | 141 | Liquid metal batteries are provided for long-duration energy storage. | |
| verkor.com | 2020 | Grenoble, France | $1.34B | 143 | Lithium-ion batteries are manufactured for electric vehicles and storage. | |
| hydrostor.ca | 2010 | Toronto, Canada | $614.85M | 49 | Compressed air is stored underwater for electricity generation. | |
| cheesecakeenergy.com | 2016 | Nottingham, United Kingdom | $5.64M | 22 | Solutions for compressed air energy storage systems are provided. | |
| powervault.co.uk | 2012 | London, United Kingdom | $22.44M | 22 | Plug-and-play energy storage devices are built for solar integration. | |
| raygen.com | 2005 | Hawthorn East, Australia | $112.42M | – | Advanced solar CPV systems using mirrors are provided by Raygen. | |
| vyconenergy.com | 2002 | Cerritos, United States | $30.78M | – | Flywheel-based energy storage solutions are provided for power backup systems. | |
| korepower.com | 2018 | Idaho Falls, United States | $75.1M | 132,692 | Lithium-based energy storage systems are manufactured for utilities. |
Detailed competitors of Northvolt
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Web traffic of Northvolt
The website of Northvolt (northvolt.com) receives about 35.3K visits a month.
- Monthly visits35.3K
▼ 2.3% vs previous month
Websites whose visitors overlap most with Northvolt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| energinyheter.se | 100% | – | #999,317 | View details | |
energi.se | energi.se | 98% | – | #1,293,192 | – |
levac-solar.com | levac-solar.com | 84% | – | #7,649,311 | – |
enerzine.com | enerzine.com | 82% | – | #989,143 | – |
ase-energy.com | ase-energy.com | 82% | – | #1,128,210 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 33 similar websites and full traffic analytics for Northvolt
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Top companies in Energy Storage Systems
10 companies that operate in the same segment as Northvolt (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
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Related news about Northvolt
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Frequently Asked Questions about Northvolt
Northvolt was founded in 2016.
Northvolt is headquartered in Stockholm, Sweden. It is registered at Stockholm, Stockholm County, 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 $9B across 23 funding rounds to date. The company's 1st funding round was a Series C of $2.75B, raised on Nov 2016.
Northvolt has 407 employees.
Annual revenue of Northvolt is $107.46M as on Dec 31, 2022.
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 52 investors. Key investors include Goldman Sachs, EIT InnoEnergy, Swedbank, Volkswagen Group, and Vattenfall.
The valuation of Northvolt is $11.75B as of Jun 2021.