Where is Freyr located?

Freyr is headquartered in Mo i Rana, Norway. It is registered at 1209 Orange Street, Wilmington,, DE 19801, COUNTY OF NEW CASTLE.

How many employees does Freyr have?

As of Jul 01, 2024, the latest employee count at Freyr is 154.

Is Freyr a funded company?

Freyr is a funded company, having raised an undisclosed amount across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round.

When was the latest funding round of Freyr?

Freyr's latest funding was a $***** Grant (prize money) round on Jan 01, 2024, with participation from 1 investor.

Where does Freyr rank among its competitors?

Freyr ranks 1st amongst 7 active competitors, only 1 of which is funded. EGI Battery, which secured $10M in Mar, 2026.

Who are the top competitors of Freyr?

Freyr's top competitors include EGI Battery, Euclion Energy and Eva Energy. Among them, EGI Battery secured the most recent funding round in March, 2026.

Freyr - 2026 Company Profile, Team, Funding, Competitors & Financials

Freyr is a funded company based in Mo i Rana (Norway), founded in 2018 by Tore Ivar Slettemoen and Torstein Dale Sjøtveit. It operates as a Developer of a lithium-ion battery. Freyr has raised an undisclosed amount in funding. The company has 7 active competitors, including 1 that is funded. Its top competitors include companies like EGI Battery, Euclion Energy and Eva Energy.

Company Details

Developer of a lithium-ion battery. It provides industrial-scale clean battery solutions to reduce global emissions.

Website: freyrbattery.com
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Registered Address: 1209 Orange Street, Wilmington,, DE 19801, COUNTY OF NEW CASTLE

Key Metrics

Founded Year

2018

Location

Mo i Rana, Norway

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Jan 01, 2024, $*****

Investors

Enova & 3 more

Ranked

1^st among 7 active competitors

Employee Count

154 as on Jul 01, 2024

Similar Companies

EGI Battery & 6 more

View Freyr's full profile

Freyr is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FREYR BATTERY US HOLDING INC CIN: 930826871 , Norway, Active	Sep 12, 2021	-	-
FREYR BATTERY NORWAY AS CIN: 929340019 , Norway, Active		-	-
FREYR BATTERY NORWAY AS CIN: 929340019 , Norway, Active	Apr 30, 2022	-	195 (As on Dec 31, 2022)
FREYR BATTERY CIN: 1844224 , United States, Active		-	-	-

Freyr has raised funding over 5 rounds. Its latest funding round was a Grant (prize money) round on Jan 01, 2024 for $*****. 1 investor participated in its latest round. Freyr has 4 institutional investors.

Here is the list of recent funding rounds of Freyr:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2024	7316147	Grant (prize money)	2955813	3380078	2632656	8794913
Feb 21, 2022	3308574	Grant (prize money)	6882826	8173569	6126397	Norwegian Research Council
Mar 03, 2021	1851854	Grant (prize money)	4707459	9171140	7357965	Enova

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View details of Freyr's funding rounds and investors

The founders of Freyr are Tore Ivar Slettemoen and Torstein Dale Sjøtveit.

Here are the details of Freyr's key team members:

Tore Ivar Slettemoen: Founder, Part Owner and Board Member of Freyr.
Torstein Dale Sjøtveit: Founder & Executive Chairman Freyr AS of Freyr.

View details of Freyr's Founder profiles and Board Members

Freyr's employee count trend

Freyr has 154 employees as of Jul 24. Here is Freyr's employee count trend over the years:

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Top competitors of Freyr include EGI Battery, Euclion Energy and Eva Energy. Here is the list of Top 10 competitors of Freyr, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Freyr 2018, Mo i Rana (Norway), Funding Raised	Developer of a lithium-ion battery	-	Enova, Innovasjon Norge & 2 others	50/100
2nd	EGI Battery 2025, Ann Arbor (United States), Seed	Manufacturer of advanced lithium-ion batteries for unmanned systems and light mobility	$10M	TSVC	34/100
3rd	Euclion Energy 2016, Noida (India), Unfunded	Provider of lithium-ion batteries	-	-	25/100
4th	Eva Energy 2022, Gavardo (Italy), Unfunded	Provider of solar energy systems and related maintenance and repair services	-	-	24/100
5th	Welion New Energy 2016, Elze (Germany), Unfunded	Developer of semi-solid-state battery cells for various vehicle and power applications	-	-	22/100
6th	PAND 2016, Shenzhen (China), Unfunded	Online platform offering semi-solid lithium batteries	-	-	18/100
7th	Newbettercell 2005, Shenzhen (China), Unfunded	Manufacturer of lithium polymer batteries for various applications and industries	-	-	16/100
8th	Shenzhen UltraBX 2017, Shenzhen (China), Deadpooled	Manufacturer of semi solid Lithium batteries	-	-	15/100