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Swedish company Northvolt raises $2.75B to accelerate European battery production Swedish battery developer and manufacturer Northvolt AB has raised $2.75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030. The funding round Northvolt’s largest thus far was co-led by existing investors Goldman Sachs and Volkswagen, and new investors including the Swedish pension funds AP1-4 and OMERS, one of Canada’s largest pension plans. AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo through Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania and Stena Metall Finans also participated in the raise.

Sweden generalBaillie giffordCristina stenbeckGoldman sachsBridford investmentsBaron capital groupBridford investments limitedSan paoloFondaco growthStena metall finansGreen dealஸ்வீடந் ஜநரல்பெய்லி கிஃபர்ட்கிறிஸ்டினா ஸ்டென்பெக்கோல்ட்மேன் சாக்ஸ்பரோன் மூலதனம் குழு