Swedish company Northvolt raises $2.75B to accelerate European battery production

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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,…
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