Northvolt raises $1 2 billion convertible note as first energy storage systems are produced at Northvolt Dwa · EMSNow emsnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from emsnow.com Daily Mail and Mail on Sunday newspapers.
As Northvolt assembles its first battery systems at Northvolt Dwa in Poland, the company announced the raising of $1.2 billion to finance plans for its further European and North American expansion. The funding is an extension of the $1.1 billion convertible note signed in July 2022, and has attracted investment from funds labeled dark green […]
Northvolt raises $1 2 billion convertible note as first energy storage systems are produced at Northvolt Dwa pv-magazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-magazine.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.