Startup Funding: July 2022 semiengineering.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from semiengineering.com Daily Mail and Mail on Sunday newspapers.
Northvolt signed a $1.1-billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. Investors participating in the capital raise were AMF, AP funds 1-4 (via the co-owned company 4 to 1 Investments), ATP, Ava Investors, Baillie.
The Swedish battery cell manufacturer Northvolt has raised US$1.1 billion in convertible bonds to expand its production of battery cells and cathode materials in Europe. The fresh capital comes from Volkswagen and a number of other investors. In addition to Volkswagen Group, Northvolt says the ot