When was Northvolt founded?

Northvolt was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Northvolt located?

Northvolt is headquartered in Stockholm, Sweden.

Who is the current CEO of Northvolt?

Peter Carlsson of Northvolt. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Northvolt associated with?

Northvolt is associated with Northvolt Ab.

How many employees does Northvolt have?

As of Sep 30, 2026, the latest employee count at Northvolt is 407.

Is Northvolt a funded company?

Northvolt is a funded company, having raised a total of $9B across 23 funding rounds to date. The company's 1st funding round was a $2.07M Conventional Debt round, raised on Nov 18, 2016.

How much is Northvolt worth?

The last known valuation of Northvolt was $11.8B as of Jun 09, 2021.

When was the latest funding round of Northvolt?

Northvolt's latest funding was a $97.3M Conventional Debt round on Mar 14, 2024, with participation from 1 investor.

What is the annual revenue of Northvolt?

Annual revenue of Northvolt is between $100M and $500M as on Dec 31, 2022

Is Northvolt a Energy Storage Tech company?

The primary sectors of Northvolt are Energy Storage Tech and Renewable Energy Tech.

Where does Northvolt rank among its competitors?

Northvolt ranks 1st amongst 258 active competitors, of which 57 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Hydrostor, which secured $230M in Aug, 2026.

Who are the top competitors of Northvolt?

Northvolt's top competitors include Amperehour Solar Technology, PowerX and KORE Power. Among them, Hydrostor secured the most recent funding round in August, 2026.

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

Northvolt is an acquired company based in Stockholm (Sweden), founded in 2016 by Peter Carlsson and Harald Mix. It operates as a Manufacturer of lithium-ion batteries for electric vehicles. Northvolt has raised $9B in funding from investors like Goldman Sachs, BlackRock and Första AP-fonden, with last known valuation of $11.8B. The company has 258 active competitors, including 57 funded and 19 that have exited. Its top competitors include companies like Amperehour Solar Technology, PowerX and KORE Power.

Sectors and market segments that Northvolt operate in

Northvolt serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Northvolt are:

Company Details

Manufacturer of lithium-ion batteries for electric vehicles. It provides solutions for new production technologies to deliver low-cost lithium-ion batteries to be used in electric and off-highway vehicles. It provides custom cells optimized for a particular application, battery system, and more.

Website: northvolt.com
Social
Email ID: *****@northvolt.com
Phone Number: +46 **********

Key Metrics

Founded Year

2016

Location

Stockholm, Sweden

Stage

Acquired

Total Funding

$9B in 23 rounds

Latest Funding Round

Conventional Debt, Mar 14, 2024, $97.3M

Last Known Valuation

$11.8B as on Jun 09, 2021

Investors

Goldman Sachs & 53 more

Ranked

1^st among 258 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2022

Employee Count

407 as on Sep 30, 2026

Investment & Acquisitions

Polarium & 4 more

Similar Companies

Amperehour Solar Technology & 100 more

Exit Details

Acquired by Scania (Apr 11, 2025)

View Northvolt's full profile

Northvolt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Northvolt Ab CIN: 559015-8894 , Sweden, Active	Dec 31, 2014	$100M - $500M (As on Dec 31, 2022)	-	-

Northvolt got acquired by Scania on Apr 11, 2025.

Click here to take a look at Northvolt's acquisition in detail

Northvolt has raised a total funding of $9B over 23 rounds. Its first funding round was on Nov 18, 2016. Its latest funding round was a Conventional Debt round on Mar 14, 2024 for $97.3M. 1 investor participated in its latest round. Northvolt has 53 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Northvolt:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 14, 2024	$97.3M	Conventional Debt	-	-	-	NIB
Jan 16, 2024	$5B	Conventional Debt	-	-	-	-
Dec 05, 2023	$757M	Grant (prize money)	-	-	-	Bundesministerium fur Wirtschaft und Klimaschutz

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View details of Northvolt's funding rounds and investors

The founders of Northvolt are Peter Carlsson and Harald Mix. Peter Carlsson is the CEO of Northvolt.

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

Peter Carlsson: Co-Founder & CEO of Northvolt. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Harald Mix: Co-Founder of Northvolt.

View details of Northvolt's Founder profiles and Board Members

Northvolt's employee count trend

Northvolt has 407 employees as of Sep 26. Here is Northvolt's employee count trend over the years:

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Top competitors of Northvolt include Amperehour Solar Technology, PowerX and KORE Power. Here is the list of Top 10 competitors of Northvolt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Northvolt 2016, Stockholm (Sweden), Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	Goldman Sachs, Bundesministerium fur Wirtschaft und Klimaschutz ... & 52 others	71/100
2nd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
3rd	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$129M	Nippon Gases, Sompo & 37 others	64/100
4th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
5th	Hydrostor 2010, Toronto (Canada), Series E	Developer of advanced compressed air energy storage for grid applications	$795M	Lorem Partners, Canoe Financial & 19 others	60/100
6th	Field Energy 2020, London (United Kingdom), Series D	Developer of battery storage systems for renewable energy grid infrastructure	$295M	DIF, Giant Ventures & 5 others	59/100
7th	REPLUS Engitech 2018, Pune (India), Funding Raised	Provider of lithium-ion battery and energy storage solutions	-	Bharat Investment Growth	58/100
8th	Amber Kinetics 2009, Union City (United States), Series C	Innovative flywheel energy storage systems for a sustainable energy future	$25M	Elemental, OSTI	58/100
9th	MGA Thermal 2019, Newcastle (Australia), Series A	Provider of solutions for thermal energy storage	$47.1M	IP Group, Main Sequence & 14 others	58/100
10th	Caban 2016, Burlingame (United States), Series D	Cloud based energy storage solutions	$174M	BCP Blitz, Portfolia & 4 others	58/100

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Northvolt has made 4 investments in companies including Polarium and Liminal. Northvolt has also acquired 1 companies including Cuberg.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 01, 2024	Investments	Polarium	2015	Stockholm (Sweden)
Feb 06, 2023	Investments	Liminal	2015	Emeryville (United States)
Aug 05, 2022	Investments	Penfold	2018	London (United Kingdom)