Northvolt raises USD 2.75 billion in equity financing
Northvolt has signed a USD 2.75 billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers engaged in the transition to decarbonized, electric solutions.
The private placement was co-led by new investors AP funds 1-4, via the co-owned company, 4 to 1 Investments, and OMERS, one of Canada’s largest defined benefit pension plans, alongside existing investors, including Goldman Sachs Asset Management and Volkswagen Group.
Northvolt was advised by Mannheimer Swartling in the transaction.
