Sweden’s battery maker Northvolt raises $2.75 billion, expands factory to 60GWh

Stockholm-based sustainable lithium-ion battery maker Northvolt has raised $2.75 billion in a private placement co-led by Swedish pension funds AP1, AP2, AP3, AP4, and OMERS Capital Markets alongside existing investors Goldman Sachs Asset Management and Volkswagen Group. In the equity raise existing investors AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di […]