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Northvolt raises $5 billion to enable expansion of first circular gigafactory in the western world

Northvolt announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date. In addition to the expansion of Northvolt Ett’s cathode production and cell manufacturing, the finance package will enable the expansion of the […]
Sweden General United States Vastra Gotalands Lan South Korea Northvolt Drei Heide Alexander Hartman

Northvolt raises $1.2 billion for its further European and North American expansion

As Northvolt assembles its first battery systems at Northvolt Dwa in Poland, the company announced the raising of $1.2 billion to finance plans for its further European and North American expansion. The funding is an extension of the $1.1 billion convertible note signed in July 2022, and has attracted investment from funds labeled dark green […]
United States Sweden General Nova Scotia San Leandro Baillie Gifford Northvolt Cuberg

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