Morrow Batteries logo — Speeding up the energy transition with cost-effective and su...

Morrow Batteries

Speeding up the energy transition with cost-effective and sustainable batteries

Founded 2020 Norway Norway 169 employees Debt Financing Total: $2.40B Energy, Manufacturing +1

General Information

Company Name Morrow Batteries
Founded Year 2020
Location Norway Norway
Employees 169
Industries Energy, Manufacturing, Energy Storage
Funding Stage Debt Financing
Business Model B2B
Revenue Model Product Sales, One Time Purchase, Tiered Pricing
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About Morrow Batteries

Morrow Batteries, founded in 2020 and headquartered in Norway, is at the forefront of tackling the climate crisis with its mission to deliver cost-effective and sustainable battery solutions. With the slogan "Speeding up the energy transition with cost-effective and sustainable batteries," the company aligns its efforts with the urgent need to transition to decarbonized and electrified energy systems.

Operating within the Energy, Manufacturing, and Energy Storage sectors, Morrow Batteries unites experts from diverse backgrounds to innovate and produce today’s required battery solutions while developing future-oriented technologies. The company’s conviction that individual perspectives are its competitive edge fosters a unique corporate culture.

Recently, Morrow Batteries secured a significant kr1.50B Debt Financing investment from Innovation Norway on 17 December 2024. This financial backing underscores confidence in their capability to accelerate the energy shift. For potential investors, Morrow Batteries represents a promising intersection of innovation, sustainability, and strategic growth in the energy sector.

Business keywords: Energy Transition, Cost-effective Batteries, Sustainable Batteries, Battery Manufacturing, Decarbonisation, Electrification, Green Energy, Climate Solutions, Startup Culture, Innovation in Energy, Industrial Scale Production, Scientific Problem Solving, Sustainable Energy Systems

Services & Products

Battery Cell Production
R&D for Battery Chemistries
Sustainable Battery Manufacturing
Industry Partnerships for Innovation

Target Customers

Automotive Industry Electric Vehicle Manufacturers Commercial Vehicle Sector Maritime Industry Energy Storage Sector

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing kr1.50B 1
Innovation Norway
17 Dec 2024
Venture Round kr800.00M 5
Maj Invest Private Equity, Å Energi +3
22 Sep 2023
Venture Round €100.00M 5
PKA, Nysnø +3
22 May 2022

Morrow Batteries Alternatives & Competitors

View All Alternatives
Morrow Batteries vs
Anaphite
Anaphite United Kingdom

Creative chemistry to unlock dry battery electrode coating.

Series A
48 employees
Energy, Manufacturing
Morrow Batteries vs
NiveauUp
NiveauUp United States

Definite leader in developing eXtreme Fast Charging (XFC) battery and its associated manufacturing p...

Seed
4 employees
Energy, Robotics
Morrow Batteries vs
VARTA AG
VARTA AG Germany

We define the future of battery technology to empower a more independent life.

Late Stage
1085 employees
Energy, Manufacturing

FAQ About Morrow Batteries

Speeding up the energy transition with cost-effective and sustainable batteries
Morrow Batteries was founded in 2020.
Morrow Batteries is headquartered in Norway.
Morrow Batteries operates in Energy, Manufacturing and Energy Storage. Its work centres on Energy Transition, Cost-effective Batteries, Sustainable Batteries and Battery Manufacturing. Its customers include Automotive Industry, Electric Vehicle Manufacturers and Commercial Vehicle Sector.
Morrow Batteries has a B2B business model. Its revenue comes from Product Sales, One Time Purchase and Tiered Pricing.
Morrow Batteries has approximately 169 employees.
Morrow Batteries has completed 3 funding rounds, raising a total of $2.40B. The latest funding stage is Debt Financing.
Morrow Batteries offers: Battery Cell Production, R&D for Battery Chemistries, Sustainable Battery Manufacturing, Industry Partnerships for Innovation.
Top alternatives and competitors to Morrow Batteries include Anaphite, NiveauUp, VARTA AG, E-magy, Chemix, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Morrow Batteries and Anaphite are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Morrow Batteries, https://bouncewatch.com/company/morrow-batteries, updated 27 May 2026. When citing, please name BounceWatch and link this page.

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