Northvolt Raises $2.75B from VW and Others to Further Sustainable EV Battery Production 2 hours ago by Steve Muchoki · 3 min read Photo: Shutterstock You have successfully joined our subscriber list. Northvolt plans to acquire more renewable energy sources and recycled raw materials to accelerate the production of “the world’s greenest batteries”. Northvolt AB, a private lithium-ion battery developer, and manufacturer, has raised $2.75 billion, increasing its net investment to $6.5 billion. An anonymous tip said the latest investment round increased the company’s valuation to $11....