Where is Northvolt located?

Northvolt is headquartered in 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 Apr 30, 2026, the latest employee count at Northvolt is 1696.

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.

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 109 active competitors, of which 28 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was NeoVolta, which secured $10M in Feb, 2026.

Who are the top competitors of Northvolt?

Northvolt's top competitors include Hydrostor, Fox ESS and Amber Kinetics. Among them, NeoVolta secured the most recent funding round in February, 2026.

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

Northvolt is an acquired company based in Sweden, founded by Peter Carlsson, Paolo Cerruti 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 109 active competitors, including 28 funded and 9 that have exited. Its top competitors include companies like Hydrostor, Fox ESS and Amber Kinetics.

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

Location

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 & 52 more

Ranked

1^st among 109 active competitors

Employee Count

1,696 as on Apr 30, 2026

Investment & Acquisitions

Polarium & 4 more

Similar Companies

VFlow Tech & 98 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	$107M (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 52 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, Paolo Cerruti 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
Paolo Cerruti: Co-Founder of Northvolt.
Harald Mix: Co-Founder of Northvolt.

View details of Northvolt's Founder profiles and Board Members

Northvolt's employee count trend

Northvolt has 1,696 employees as of Apr 26. Here is Northvolt's employee count trend over the years:

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Top competitors of Northvolt include Hydrostor, Fox ESS and Amber Kinetics. 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 Sweden, Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	GIC, Bundesministerium fur Wirtschaft und Klimaschutz ... & 51 others	75/100
2nd	Hydrostor 2010, Toronto (Canada), Series D	Developer of advanced compressed air energy storage for grid applications	$565M	Lorem Partners, Canoe Financial & 16 others	64/100
3rd	Fox ESS 2019, Wenzhou (China), Series D	Manufacturer of inverters, chargers, batteries, and energy storage system components	$141M	Ori-mind Capital, Panorama Capital	59/100
4th	Amber Kinetics 2009, Union City (United States), Series C	Innovative flywheel energy storage systems for a sustainable energy future	$25M	Elemental, OSTI	58/100
5th	Caban 2016, Burlingame (United States), Series D	Cloud based energy storage solutions	$174M	BCP Blitz, California Energy Commission & 4 others	58/100
6th	NeoVolta 2017, Poway (United States), Public	Manufacturer of energy storage systems for residential and commercial applications	$105K	Needham	54/100
7th	Ambri 2010, Marlborough (United States), Series D	Manufacturer of liquid metal battery systems for grid energy storage	$222M	Paulson & Co, Japan Energy Fund & 9 others	52/100
8th	Kyoto Group 2016, Lysaker (Norway), Series A	Provider of thermal energy storage solutions for industrial process heat applications	$13.1M	Spirax-Sarco Engineering, Iberdrola	52/100
9th	Canadian Solar 2001, Cremorne (Australia), Public	Provider of solar modules, energy storage solutions, and utility-scale project development	-	IFC, CDH & 1 others	51/100
10th	Moxion Power 2020, Richmond (United States), Series B	Provider of mobile and stationary energy storage systems and related services	$112M	Y Combinator, Energy Impact Partners & 11 others	50/100

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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)