FREYR
Developer of clean, next-generation battery cells
FREYR has raised €104M across 2 funding rounds from 2 investors, most recently a Grant round in Jul 2023. Based in Mo I Rana, Norway; founded 2018; active in Cleantech. Data as of 28 Oct 2026.
Total raised
€104M
€103,800,000
Funding rounds
2
Investors
2
distinct backers
Active since
2021-02
latest 2023-07
Funding by year
EUR raised per yearFREYR — funding by year — interactive chart.
Data table
| FREYR — funding by year | |
|---|---|
| 2021 | €3.8M |
| 2023 | €100M |
Signals
High confidenceRaise-next likelihood9
base rate 45% for Grant
- ▼ Dormant (no round in 3+ cohort gaps)
- ▲ Up-round momentum
- ▼ Low backer re-investment
Exit likelihood11
base rate 11% (2+ rounds)
- ▲ €100M+ raised
- ▲ 8y since founding (typical exit age)
- ▼ No recent equity round (debt-only or quiet)
Timing: dormant vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.
Funding rounds
2 rounds| Date | Stage | Amount | Investors | |
|---|---|---|---|---|
| 2023-07-14 | Grant | €100M | EU Innovation Fund | View deal → |
| 2021-02-19 | Grant | €3.8M | Innovation Norway | View deal → |
Investors
2Related news
Similar companies
same sector or country- Northvolt€14BSweden · Cleantech
- Stegra (H2 Green Steel)€7.7BSweden · Cleantech
- Enpal€4.6BGermany · Cleantech
- Visma€3.0BNorway · Software
- Adevinta€1.9BNorway · Marketing
- Climeworks€919MSwitzerland · Cleantech
Global coverage: FundingData