Northvolt — HyperSinc

General InformationNorthvolt is a Swedish lithium-ion battery manufacturer founded in 2015, headquartered in Stockholm with over 1,000 employees, focused on producing sustainable batteries for EVs and energy storage applications.

Funding & FinancialsNorthvolt has raised over $5 billion in funding through multiple rounds including investments from major automotive OEMs, with recent financing rounds in 2021-2022 involving investors like Volkswagen, BMW, and other strategic partners.

Leadership & TeamFounded and led by CEO Peter Carlsson, a former Tesla executive with extensive experience in battery manufacturing and EV technology, supported by a team of battery engineering and production specialists.

Recent ActivityNorthvolt commissioned its flagship Northvolt Ett gigafactory in northern Sweden in 2023 and announced major supply agreements with leading automakers including Volvo, BMW, and Scania for battery cell deliveries.

Highlights

Total Raised

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Latest Round

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Stage

Growth

energy

Employees

1000+

Founded 2015

Headquarters

News Coverage

3 articles

Last: 25d ago

Talent Signals

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SEC Filings

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News Coverage 3

Industrial25d ago

EU's Battery Act Forces European Gigafactory Rescue After Northvolt Collapse

The European Commission's Industrial Accelerator Act reshapes battery manufacturing incentives to salvage Europe's EV supply chain after Northvolt's bankruptcy and cascading project cancellations.

Industrial28d ago

UK commits £380M to Tata's Somerset battery gigafactory

Britain formally funds Agratas' 40 GWh battery plant to supply Jaguar Land Rover, signaling a shift from pledges to deployed capital in Europe's race to onshore cell production.

Industrial1mo ago

Verkor's Dunkirk Gigafactory Enters Serial Production, Europe's Battery Gamble Accelerates

Verkor's 16 GWh Dunkirk battery gigafactory completed commissioning ahead of schedule and entered final validation, with serial production imminent — the first major European cell factory built without Chinese operators now racing to supply Renault's EV ramp.

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