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Northvolt

Northvolt manufactures batteries with clean energy and recycles used batteries into raw materials for new ones.

Northvolt has raised €14B across 18 funding rounds from 37 investors, most recently a round in Nov 2024. Based in Stockholm, Sweden; active in Cleantech. Data as of 28 Oct 2026.

Stockholm, Swedennorthvolt.com ↗
Cleantech
← All companies
Total raised
€14B
€13,914,150,410
Funding rounds
18
Investors
37
distinct backers
Active since
2017-04
latest 2024-11

Funding by year

EUR raised per year
Northvolt — funding by year — interactive chart.
Data table
Northvolt — funding by year
2017€33M
2018€22M
2019€350M
2020€1.9B
2021€2.3B
2022€1.1B
2023€2.7B
2024€5.6B

Signals

Medium confidence
Raise-next likelihood26
base rate 30% for Other
  • ▲ In typical raise window
  • ▼ Down/flat last round
Exit likelihood37
base rate 11% (2+ rounds)
  • ▲ €100M+ raised
  • ▲ 18 rounds raised
  • ▲ 9y since founding (typical exit age)
  • ▼ No recent equity round (debt-only or quiet)

Timing: in window vs cohort gap · momentum down. Funding-only estimates, not predictions and not investment advice — see signals.

Funding rounds

18 rounds
DateStageAmountInvestors
2024-11-22Other€96M—View deal →
2024-01-16Debt€4.6BCommercial banks,European Investment Bank (EIB),The Nordic Investment Bank (NIB)View deal →
2024-01-10Grant€902MState aid Temporary Crisis and Transition FrameworkView deal →
2023-12-20Debt€1.1BDanica Pension,Investissement QuebecView deal →
2023-11-17Other€138MCaisse de Depot et Placement du Quebec (CDPQ)View deal →
2023-08-22Debt€1.1BBlackRock,North America-based investorsView deal →
2023-06-20Debt€366MIMCOView deal →
2022-07-05Debt€1.1BAMF,ATP,Ava Investors,Baillie Gifford,Folksam Group,Fondaco Growth+9 moreView deal →
2021-06-09Other€2.3BAP1,AP2,AP3,AP4,Goldman Sachs Asset Management,OMERS Capital Markets+1 moreView deal →
2020-09-29Other€514MBaillie Gifford,Goldman Sachs Merchant Banking Division,Volkswagen GroupView deal →
2020-08-05Other€1.4B—View deal →
2020-03-20Other€15M—View deal →
2019-04-01Other€350MEIBView deal →
2019-01-01Other€12MVattenfallView deal →
2018-02-01Other€10MJapanese SeciView deal →
2018-01-01Other€10MScania InvestView deal →
2017-10-13Other€10MABBView deal →
2017-04-01Other€13MVestasView deal →

Investors

37
ABBAMFAP1AP2AP3AP4ATPAva InvestorsBaillie GiffordBlackRockCaisse de Depot et Placement du Quebec (CDPQ)Commercial banksDanica PensionEIBEuropean Investment Bank (EIB)Folksam GroupFondaco GrowthFourth AP FundGoldman SachsGoldman Sachs Asset ManagementGoldman Sachs Merchant Banking DivisionIMAS FoundationIMCOInvestissement QuebecJapanese SeciNorth America-based investorsOlympia GroupOMERS Capital MarketsPCS HoldingScania InvestState aid Temporary Crisis and Transition FrameworkSwedbank RoburThe Nordic Investment Bank (NIB)TM CapitalVattenfallVestasVolkswagen Group

Acquisitions

1

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