Stockholm, Stockholm County, Sweden
Team size: 1001 - 5000
Founders: Paolo Cerruti, Peter Carlsson
Founded date: 2016
Company revenue: US$ 1 - 10 billion
Investors: Bpifrance, European Investment Bank, Goldman Sachs, Goldman Sachs Asset Management, Siemens AG
Company stage: Other
Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plant to produce batteries for electric vehicles. Northvolt's product is an environment-friendly battery manufactured with minimal carbon footprint and with recycling technology without compromising with important eco-systems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems. In 2016, Paolo Cerruti and Peter Carlsson headquartered the company in Stockholm, Stockholms Lan.