Northvolt

Electrification, renewable energy storage, and batteries are crucial for a carbon neutral society; Northvolt builds Europe's largest battery factory.

Founded 2016 Sweden

Sweden 1647 employees Acquired Total: $12.24B Energy, Transportation

General Information

Company Name Northvolt

Founded Year 2016

Location

Sweden

Founders / Decision Makers

Employees 1647

Industries Energy, Transportation

Funding Stage Acquired

Business Model B2B, D2C, B2B2C

Revenue Model Product Sales, Licensing, Service Fee

Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

In The News Sep 28, 2026

Featured on Thenextweb: Hyundai says solid-state cars are five years away, and still too expensive after...

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About Northvolt

Northvolt is at the forefront of transforming the energy landscape with a mission to build Europe's largest battery factory in pursuit of a sustainable future. Founded in 2016 and headquartered in Sweden, the company is dedicated to creating a decarbonized world through its innovative approach to battery manufacturing. By emphasizing fossil-free energy and sustainable raw material sourcing, Northvolt aims to set a new benchmark in the global battery industry.

Operating within the Energy and Transportation sectors, Northvolt holds a unique position, driven by a commitment to environmental stewardship and cutting-edge technology. The recent acquisition investment from Lyte Ventures on 01 August 2025 highlights growing confidence from the investor community in the company’s vision and potential for significant impact on achieving a carbon-neutral society.

Business keywords: Electrification, Battery Manufacturing, Renewable Energy Storage, Sustainable Industry, Decarbonization, Fossil-Free Energy, Sustainable Sourcing, Raw Materials Recycling, Green Technology, Environmental Sustainability, Clean Energy Solutions, Energy Transition, Sustainable Engineering, Innovative Manufacturing, Battery Recycling

Services & Products

Battery Production

Battery Recycling

Custom Energy Solutions

Research and Development

Target Customers

Automotive Industry Construction Sector E-mobility Companies Grid Management Industrial Applications

Funding Rounds & Investors (14)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Acquisition	Undisclosed	1	Lyte Ventures	01 Aug 2025
Debt Financing	$300.00M	-		01 Nov 2024
Convertible Note	$5.00B	2	European Investment Bank, Nordic Investment Bank	01 Jan 2024
Convertible Note	$1.20B	9	CPP Investments, BlackRock +7	01 Aug 2023
Convertible Note	$1.10B	15	AMF, Baillie Gifford +13	01 Jul 2022
Grant	$2.75B	22	The Group Ventures, Goldman Sachs +20	01 Jun 2021
Debt Financing	$600.00M	5	Goldman Sachs, Norrsken VC +3	01 Sep 2020
Late VC	$6.90M	1	EIT InnoEnergy	01 Dec 2019
Growth Equity VC	$1.00B	2	Goldman Sachs, Volkswagen	01 Jun 2019
Early VC	$13.72M	2	Vargas Holding, Vattenfall	01 Jan 2019

View All 14 Funding Rounds

Latest News

View All

Hyundai says solid-state cars are five years away, and still too expensive after that

Thenextweb Sep 28, 2026

Europe’s energy reckoning is turning into its biggest opportunity

Eu-startups Jul 22, 2026

The West keeps asking how much China subsidises its industries. That is the wrong question.

Thenextweb May 04, 2026

Europe urged to become first “electro-continent” with 50% electrification target by 2040

Tech Apr 27, 2026

Northvolt former CEO: &quot;Emotionally tough&quot; raising funds for new venture

Tech Jan 28, 2026

Five alternative European tech clusters that are leading the way

Tech Nov 23, 2025

Northvolt Alternatives & Competitors

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Northvolt vs

Anaphite United Kingdom

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Series A

48 employees

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Northvolt vs

24M Technologies United States

Reinventing Lithium-Ion Battery Cell Manufacturing

Grant

97 employees

Energy, Transportation

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Northvolt vs

OPmobility

Driving a new generation of mobility #AlwaysOnTheMove

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FAQ About Northvolt

Electrification, renewable energy storage, and batteries are crucial for a carbon neutral society; Northvolt builds Europe's largest battery factory.

Northvolt was founded in 2016.

Northvolt is headquartered in Sweden.

Northvolt operates in Energy and Transportation. Its work centres on Electrification, Battery Manufacturing, Renewable Energy Storage and Sustainable Industry. Its customers include Automotive Industry, Construction Sector and E-mobility Companies.

Northvolt has a B2B, D2C and B2B2C business model. Its revenue comes from Product Sales, Licensing and Service Fee.

Northvolt has approximately 1647 employees.

Northvolt has completed 14 funding rounds, raising a total of $12.24B. The latest funding stage is Acquired.

Northvolt offers: Battery Production, Battery Recycling, Custom Energy Solutions, Research and Development.

Top alternatives and competitors to Northvolt include Anaphite, 24M Technologies, OPmobility, Luvata, HYGEN. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Northvolt 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 Northvolt, https://bouncewatch.com/company/northvolt, updated 11 June 2026. When citing, please name BounceWatch and link this page.

Northvolt

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Funding Rounds & Investors (14)

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