Jun 13, 2019
Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries
The establishment of a complete domestic battery value chain in Europe is well on its way. Volkswagen Group and Goldman Sachs Merchant Banking lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. Combining this with the debt financing already set to be provided to the Swedish start-up, the construction of the initial 16 GWh of lithium-ion battery cell manufacturing capacity at the gigafactory, Northvolt Ett, in Sweden is enabled.
Read full press release.
More EBA250 news
The 2024 Innovation Fund calls for proposals have been launched this week, with a…
Altris, a pioneering Swedish developer of sodium-ion battery technology, has reached significant milestones that…
Last Friday, Morrow Batteries officially inaugurated the first giga-scale LFP (Lithium Iron Phosphate) cell…
On May 24, 2024, the 8th High-Level Meeting of the European Battery Alliance (EBA)…
Following the recent announcement from EVP Šefčovič on the need to support manufacturing of…
Under the framework of the European Battery Alliance, the ‘One-Stop-Shop to EU Finance’ service…
In an era where the green transition is no longer a choice but a…
CIRPASS invites the EBA community to contribute to a consultation on the Cross-sector and…
EBA250 welcomes the release of a Strategic Research and Innovation Agenda for the EU…
Today marks the launch of Repono, a pan-European company focused on owning and operating…