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.