Northvolt was a Swedish lithium-ion battery manufacturer founded in 2015 by former Tesla executives, building gigafactories at Skelleftea and Vasteras for electric-vehicle, industrial and energy-storage cells. It raised roughly $15 billion in equity, convertible notes and debt from Volkswagen, Goldman Sachs, BlackRock, Canadian pension funds and the European Investment Bank before filing for Chapter 11 in November 2024 and for bankruptcy in Sweden in March 2025, the largest in modern Swedish industrial history. US battery maker Lyten agreed in August 2025 to buy the remaining Swedish and German assets and completed the Swedish acquisition in February 2026.
Northvolt has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
4,000–4,200
Total Funding
$15.17B
12 rounds
Latest Valuation
$11.75B
Jun 1, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $15.17B across 12 rounds
Last updated 08-12-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 2024 | Ch.11 DIP | $245M | — | Scania |
| Jan 2024 | Debt | $5B | — | 23-bank syndicate, EIB, Nordic ECAs |
| Dec 20, 2023 | Convertible note extension Bloomberg | $1.2B | — |
Matthias E.J. Arleth
Chief Executive Officer
Peter Carlsson
Co-Founder, Former CEO, Senior Advisor & Board Member
Pia Aaltonen-Forsell
Chief Financial Officer
Daniela Maniaci
Chief People Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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