Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017
Green Car Congress
JULY 7, 2022
billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries.
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