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Northvolt
AddedFeb 15, 2024
UpdatedJun 28, 2026
Northvolt

Northvolt

Late Stage Private

Swedish firm Northvolt manufactures eco-friendly lithium-ion batteries.

HQ
Stockholm, Stockholm County, SE
Founded
2015
Overview
Compare
Fundraising
Employees
News
Website

Founded in 2015 as SGF Energy, Northvolt is a Swedish company specializing in the development and manufacturing of eco-friendly lithium-ion batteries. The company’s core mission is to provide sustainable energy solutions to support the global transition away from fossil fuels. With headquarters in Stockholm, Northvolt aims to produce batteries with a significantly lower carbon footprint by utilizing clean energy in their manufacturing processes. Their products are designed for various applications, including electric vehicles and energy storage systems, targeting markets that prioritize sustainability and environmental responsibility.

Notable figures associated with Northvolt include co-founders Peter Carlsson, Paolo Cerruti, Harald Mix, and Carl-Erik Lagercrantz. The company has attracted significant investment and partnerships, contributing to its rapid growth and expansion. Key achievements include the establishment of multiple gigafactories and securing major contracts with leading automotive manufacturers. Northvolt's impact is evident in its contribution to reducing carbon emissions and promoting renewable energy, positioning it as a pivotal player in the global shift towards sustainable energy solutions.

Northvolt - Similar Companies

AM Batteries logo

AM Batteries

am-batteries.com

LG Energy Solution logo

LG Energy Solution

lgensol.com

Kinetic Batteries logo

Kinetic Batteries

CATL logo

CATL

catl.com

International Battery logo

International Battery

Ultium Cells logo

Ultium Cells

Brightvolt logo

Brightvolt

Sunwoda Electronic logo

Sunwoda Electronic

Ascend Elements logo

Ascend Elements

Natrion logo

Natrion

natrion.co

Pure Lithium logo

Pure Lithium

purelithium.io

Blue Line Battery logo

Blue Line Battery

GBatteries logo

GBatteries

gbatteries.com

Nohms Technologies logo

Nohms Technologies

InoBat logo

InoBat

inobat.eu

Northvolt - Quick Facts

Who are Northvolt's competitors?

Companies similar to Northvolt include AM Batteries, LG Energy Solution, Kinetic Batteries and CATL.

When was Northvolt founded?

Northvolt was founded in 2015.

Where is Northvolt's headquarters located?

Northvolt's headquarters is located in Stockholm, Stockholm County, SE.

When was Northvolt's last funding round?

Northvolt's most recent funding round was for $4.6B (USD) in January 2024.

How much has Northvolt raised to-date?

As of Jan 16, 2024, Northvolt has raised a total of $13.5B (USD).

How many employees does Northvolt have?

Northvolt has 3,512 employees as of Feb 4, 2024.

Northvolt - Classification

Ownership
  • Private Equity
  • Venture Capital
Technology
  • Cleantech
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Transactional
Main Product
  • Batteries
Tags
  • Hardware
  • Manufacturing
NAICS
  • 335300Electrical Equipment Manufacturing
  • 335310Electrical Equipment Manufacturing
  • 330000Manufacturing
  • 335000Electrical Equipment, Appliance, and Component Manufacturing
SIC
  • 3600Electronic And Other Electrical Equipment And Components, Except Computer
Show 1 more industry code
SIC
  • 3900Miscellaneous Manufacturing Industries