Announced
Completed
Financials
Sources
Tags
battery cells
battery production
Sweden
Electrical Components
Acquisition
Friendly
Cross Border
Private Equity
Minority
Private
Venture Capital
Completed
Single Bidder
Synopsis
Institutional investors Baillie Gifford, Baron Capital, Bridford Investments and Norrsken completed a $600m investment in Northvolt, a manufacturer of electronic components. Additional investors include Goldman Sachs Merchant Banking Division, IMAS Foundation, Scania, Volkswagen and private investors Cristina Stenbeck and Daniel Ek. “We are in the middle of a race to establish manufacturing capacity in Europe, and I believe the companies that are best at attracting talent and capital, while scaling their blueprints the fastest, will be the most successful. With these world-class partners behind us, we have created a solid foundation to go on and execute our plans to enable large-scale manufacturing of green batteries in Europe," Peter Carlsson, Northvolt Co-Founder and CEO.
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