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Northvolt
On a mission to establish a supply of sustainable batteries in Europe and enable the future of energy
About Northvolt
Northvolt is a forward-thinking startup operating in the renewable energy sector, specifically focusing on the production of environmentally friendly batteries. The company's primary mission is to manufacture batteries with a 90% lower carbon footprint than those produced using coal energy. This is achieved by powering their factories with clean, renewable energy and minimizing resource use.
Northvolt serves a broad range of clients who are looking to reduce their carbon footprint and contribute to a cleaner world. These clients span various industries, from automotive to energy storage, all seeking sustainable battery solutions.
The company's business model is centered around the production and sale of these green batteries. However, Northvolt also has a strong focus on recycling, recognizing that no battery lasts forever. They recover used batteries, recycle them into raw materials for new batteries, thereby reducing the demand for fresh materials and moving closer to a circular economy.
In terms of revenue, Northvolt makes money by selling their batteries to businesses and consumers. The company also potentially generates income from their recycling initiative, by turning old batteries into valuable raw materials.
Northvolt is a diverse and growing company, boasting a team of over 5500 individuals from over 120 nationalities. They are committed to making a positive impact on the future, and their work is driven by this mission.
Source: Dealroom company dataAt a glance
- Founded
- 2016
- Headquarters
- Stockholm, Sweden
- Sector
- Transportation
Knowledge graph
News
Refinyx exits stealth, buys Northvolt's recycling tech and 134 patents
Sep 25, 2026
News
Rebaba raises $4.6M to challenge China with second-life EV batteries
Sep 9, 2026
News
Lyten to buy Norway's bankrupt Morrow Batteries in European push
Aug 25, 2026
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Global EV Battery Startups by Segment
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Swedish Energy Agency
EU Innovation Fund
Government of Germany
Series A15 investors entered at this stage
ABB
Siemens
Seci
Vargas Holding
Vattenfall
Swedbank Robur
Goldman Sachs Asset Management
Ava
Olympia Group
Folksam
TM Capital
BlackRock
CPP Investments
Investment Management Corporation of Ontario
La Caisse
Series B and later37 investors entered at this stage
European Investment Bank
Volkswagen Group
Goldman Sachs
InnoEnergy
KfW
Intesa Sanpaolo
Sumitomo Mitsui Banking
UniCredit
PFA Pension
Danica Pension
The Export-Import Bank of Korea- APAPG
Societe Generale
BNP Paribas
ING Group
Danske Bank
SEB
Nordic Investment Bank
Norrsken VC
Daniel Ek
Baillie Gifford
AP4
AP1
Scania
AMF
AP3
Baron Capital
Compagnia di San Paolo Foundation
ATP
Bridford Group
IMAS Foundation
Stena Metall- BIBridford Investments
PCS Holding
AP2
Cristina Stenbeck
OMERS Capital Markets
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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