Northvolt Stock

northvolt.comEnergyFounded: 2016Funding to Date: $6.42B

Northvolt manufactures sustainable batteries with minimal carbon footprint in Europe. This company was founded by Paolo Cerruti and Peter Carlsson in 2016 and is headquartered in Stockholm, Sweden. Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. They also provide electrification and renewable energy storage designed for electric vehicles.

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Northvolt investors also invested in these private companies

Volkswagen Group
Norrsken VC
Third Swedish National Pension Fund
Stena Metall
PCS Holding AG
InnoEnergy
Fourth Swedish National Pension Fund
IMAS Foundation

Team

Management Team

Peter Carlsson
Co-Founder & Chief Executive Officer
Paolo Cerruti
Co-Founder, Board Member & Chief Operating Officer
Yasuo Anno
Chief Development Officer
Landon Mossburg
Chief Digital Officer & President, Northvolt America
Alexander Hartman
Chief Finance Officer
Cecilia Lundin
Chief People Officer
Frank Witter
Volkswagen

Board Members

Tom Johnstone
Investor Growth Capital Limited
Carl-Erik Lagercrantz
Boad Member
J├╝rgen Rittersberger
Board Member
Mats Torring
Board Member
Michael Bruun
Goldman Sachs Asset Management

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News

Northvolt will partner with Stora Enso to develop batteries that incorporate components produced using wood sourced from forests in the Nordic region.
Northvolt has succeeded in developing a cylindrical battery with a diameter of 21 mm and a height of 70 mm and is preparing to mass-produce it. Competition in the cylindrical-type batteries is expected to intensify, as Korea's LG Energy Solution and Samsung SDI are also focusing on them.
Northvolt's announcement comes at a time when European economies are laying out plans to move away from vehicles that use diesel gasoline.