Northvolt valuation. Northvolt, whose major shareholders .
Northvolt valuation Yet catching up is only becoming harder Stockholm/Oslo – Northvolt and Hydro today announced the formation of a joint venture, Hydro Volt, to enable recycling of battery materials and aluminum from the Norwegian market for electric vehicles. Rumours about Northvolt hitting the stock market emerged about a year ago. At the end of 2023, Volkswagen reported the Sources tell Reuters in February that Northvolt plans to hire banks for an initial public offering that could take place within 12 months and value the company at more than $20 billion. The company was reported to be hiring investment Northvolt has raised a total funding of $9B over 22 rounds from 51 investors. The Debtors' bankruptcy cases are jointly administered under Case No. Unbalanced portfolio after downturn. It aims to reach 150 GWh of battery production capacity in While Northvolt’s challenges remain highly relevant in the short-term, they have not changed the long-term foundations supporting Northvolt’s key value proposition. 95 VW is listed as Northvolt’s second-largest creditor in the Chapter 11 filing due to a $355mn convertible note. 5% stake in Northvolt valued at SEK6bn (€525m) — said Northvolt was having ongoing dialogues with its investors. Our track record. Compared with paper currencies, gold holds its value well over the Hydro says it has signed an agreement with Northvolt AB through which it will acquire the 28 percent of shares in Hydrovolt that had been owned by Sweden-based Northvolt. This would not only be one of the biggest IPOs for a climate Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1. Description. Talks for IPO. Investment banks Northvolt then underwent a strategic review of its operations, which included laying off staff and closing some sites to focus on its central operations in northern Sweden. Northvolt AB was founded in 2016 by Harald Mix, Paolo Cerruti, and Peter Carlsson. Hydro Volt will establish a recycling hub in Norway which will start operations in 2021. To date, Northvolt has raised close to $8B (approximately €7. $4. Gram for gram, cathode material produced from Revolt recycled material has a carbon footprint that’s 80% lower than industry average. Investors include CPP Investments, Goldman Sachs and 49 others. This year the firm has raised $1. 03 billion. Lyten has raised $476 million to date at a $1. The bankruptcy of once-celebrated Swedish battery maker Northvolt is going to leave a lot of VCs out of pocket. With a 21% stake, Germany’s Volkswagen is the company’s largest shareholder, having first invested €900 million in 2019. Share. N to lead a stock market launch, the Volkswagen is Northvolt’s largest shareholder with a 21 per cent stake and is likely to be nursing similar losses. Swedish battery manufacturer Northvolt plans to list its shares in Stockholm, eyeing a valuation of around US$20 billion, according to the Financial Times. Latest news on Northvolt Eco-terrorists strike $1 billion blow against Tesla plant in Germany and Rivian halts $5 billion Georgia factory as activists cheer Northvolt in Fortune Rankings Just how badly Northvolt and its financiers misjudged the situation a year ago has now become evident. About Northvolt. Electric vehicle and related sectors have been a big draw for investors, who have driven up the valuations Northvolt has decided to establish a Business Scaling Center in Gdansk along with a Research and Development Center for IT services. Northvolt's latest funding round was a Bankrupt/Admin for on November 21, 2024. Northvolt was rumoured to be valued at $20bn as recently as 2023, ahead of an expected listing. In June 2019, Northvolt completes an equity capital raise of $1 billion for development of Gigafactory Northvolt is close to securing a $300 million funding package from a consortium of investors, shareholders and customers to meet short-term requirements amid a slowdown in demand for batteries, a With a valuation of $3. Leveraging speed, scale and vertical integration of the value chain in our operations, the company we’re building holds a unique position against the dynamic backdrop of traditional and emerging industry actors. With a monthly investment rate of $200 million, 2023 was the heaviest investment year in Northvolt’s history. Now the automaker’s €1. 5 billion Swedish kronor) investment in Northvolt is now somewhere close to zero. Life cycle assessment: Systems Understanding the impact of climate change. Northvolt has built the biggest li-ion battery factory in Europe. Northvolt counts Volvo, the BMW Group, Scania and Volkswagen among its strategic partners, and operates from several locations in the Nordic Region, Poland, Germany, and Portugal. A little over six months later, the IPO was pushed back from 2024, Bloomberg reported. 1 billion in new capital ahead of a potential IPO in the next two years, amidst what a company spokesperson described as a “cautious capital market”. The technology promises to deliver a You're concerned that Northvolt's pre-IPO valuation of $20 billion seems high for an unprofitable company that is not yet generating much revenue. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances. Away from Northvolt Labs, Northvolt is deepening its engagement with entirely new types of battery chemistry and technology. Raised a total funding of $9B over 22 rounds from 51 investors. By: Reuters. Their latest funding was raised on Jan Northvolt has invited investment banks to pitch formally for roles in the IPO that could value the Swedish company at roughly $20bn © Charlie Bibby/FT To determine the value of your Northvolt shares, create a free account to gain access to Forge’s platform. Battery cell manufacturing is ramping up at Northvolt Ett Estimated Revenue & Valuation. “There is a large value in having domestic European battery manufacturing,” she said. Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order “I am pleased to see Northvolt's inclusion in the Fair Cobalt Alliance, a crucial step in their commitment to sustainable battery value chains in the DRC. The company attracted nearly $15 billion in investments, secured over $50 billion in battery orders, and was aiming for a $20 billion public offering. 2022-07-05. Back in Europe, Northvolt’s planned IPO isn’t the only high-profile listing in the works. Northvolt Sweden’s four biggest national pensions buffer funds, AP1-4 – which together hold a 3. An option incentive gives you the right to buy stocks in Northvolt at a fixed price in the future. Northvolt 's estimated revenue per employee is $350,350Northvolt 's total funding is $7. 21 April, 2021. Northvolt's product is an environment-friendly battery. The carmaker subsequently put a another €500 million in last year. “As is obvious to everyone, the value of Northvolt is Northvolt is founded with the mission to build the world's greenest battery to enable the European transition to renewable energy. With consumers faced with inflation and cost of living concerns in recent years, the value of the green premium perhaps also Battery management software, product traceability, remote access all delivered through Northvolt’s software harnessing machine learning. However, its prospects unraveled due to a series of safety incidents, production . The IPO is later postponed. . Northvolt will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the US on 21 November. The meeting gathered together some 200 stakeholders from across the European battery industry, and it was an encouraging day for the European value chain for lithium-ion batteries. 1 billion, and the company received a valuation of $12 billion in 2021, making for a solid case that it could manage to nearly double its value next year. CreditSafe Score? Score changed on Northvolt, the Swedish lithium-ion battery producer that counts BMW and Volkswagen among its investors, is close to hiring banks for an initial public offering (IPO) that could value the company "As is obvious to everyone, the value of Northvolt is considerably lower than it was compared to a year ago," an AMF spokesman said, adding the pension fund had invested the equivalent of 1. Get Started. Parallely, the Swedish firm is in talks with banks for an Initial Public Offering (IPO) in New York or Europe that could value the firm over $20B, reports Reuters. com. The company filed for protection under Chapter 11 of ATP, the Danish pensions giant, has admitted that the value of its 2. Twitter Facebook LinkedIn Instagram Youtube Here is how and why we are closing the loop on batteries with Revolt – Northvolt’s in-house program for battery recycling. Menu icon A vertical stack of three evenly spaced horizontal lines. As on 2020, they have 500+ employees. 95 Northvolt, a Swedish battery manufacturer and Europe’s best-funded start-up has filed for bankruptcy protection in the United States. Northvolt. We are Northvolt In 2017, we announced a bold and simple plan: to enable the future of energy by developing the world’s greenest battery cell and establish a European supply of batteries. 5B. Northvolt AB headquarters are located in Stockholm, Sweden. While Northvolt’s challenges remain highly relevant in the short-term, they have not changed the long-term foundations supporting Northvolt’s key value proposition. View More Companies. reliability and traceability across the value chain. It’s our way of offering all permanent employees the possibility to share in the future success of this company. It is in talks about a stock market listing with bankers at a valuation of about $20bn, probably next year. Northvolt Is Said to Keep $12 Billion Valuation After New Round. Despite expectations of soaring demand for electric vehicles across Europe, Northvolt has struggled to meet production goals. Sodium-ion. Twitter Facebook LinkedIn Instagram Youtube. Northvolt has 1133 competitors. 19. The These mechanisms create a framework for the company to maximize value for all stakeholders, says Kataja. 2 billion in convertible notes from North Northvolt, a Swedish battery maker, has raised $2. 8 billion ($1. 4 B. 00 BN. Manufacturing & Industrial Many shareholders have already written down the value of their Northvolt investments to zero All that is irrelevant to Northvolt and its new leadership as they hope to exit Chapter 11 protection Northvolt eyes US$20bn Stockholm IPO. Their VW, BMW battery supplier Northvolt could be valued at $20B in new IPO. N and Morgan Stanley MS. With Northvolt’s recycling process, we’re able to recover battery-grade metals with a much lower carbon footprint than freshly mined metals. ” Northvolt is a European supplier of sustainable, high-quality battery cells and systems. However, the gap between ambition and execution remains significant. 33 Harald Mix is a Co-Founder of Northvolt and shareholder, Co-Founder and Chairman of Stegra (previously known as H2 Green Steel) and Chairman of Vargas Group. “There is a large value in that being European, and that is the signal I want to send to those who are now considering whether to make investments VW and Goldman Sachs Exposed to Northvolt Collapse VW has declined to say how much its stake is currently worth but listed its value as EUR693 million in its 2023 annual report, down from Northvolt's battery recycling plant, Revolt, and Hydrovolt intend to continue commercial collaboration, as two of the earliest movers and complementary players in the European battery recycling value chain. 4B valuation. Reuters has previously reported, citing sources, that Northvolt was preparing for an initial public offering that could value the company at more than $20 billion. Products; Cells; Lithium-ion; Sodium-ion; Volkswagen Group and Goldman Sachs lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. The value premium of these companies’ vehicles is dependent on the battery. manufactured with a minimal carbon footprint and with recycling technology without compromising important ecosystems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. 13 April, 2022. Swedish battery-maker Northvolt AB has defied the market gloom surrounding startups by securing new funds at last year’s valuation of $12 billion, according to a person familiar with matter who asked not to be identified because the details are private. Products Lithium-ion. Northvolt has 5060 Employees. To exit bankruptcy, it needs to find at Stockholm, Sweden – Northvolt today announced a state-of-the-art sodium-ion battery, developed for the expansion of cost-efficient and sustainable energy storage systems worldwide. 95 billion Swedish crowns ($178 million) through the years. Total Funding. Valuation; Share Price; Cumulative Funding; Northvolt, a Swedish maker of batteries for electric vehicles, is urgently seeking about €200 million in short-term funding to stabilize its finances. Northvolt Zwei Valuation & Funding. EnergyHub is working with more than 70 utilities across North America to help scale VPP programs to manage load growth, maximize the value of renewables, and deliver flexibility at every level of the grid. Northvolt shares our approach to sustainability As a part of our offer, we provide future employees with the opportunity to buy options in Northvolt. A key aspect to Northvolt’s strategy involves establishing in-house competences and presence throughout the battery value chain, including cathode material production and recycling. Founded in 2016 to enable the European transition to a decarbonized future, the company has made "As is obvious to everyone, the value of Northvolt is considerably lower than it was compared to a year ago," an AMF spokesman said, adding the pension fund had invested the equivalent of 1. In the end, it failed because it could not match Chinese competitors on quality, cost or speed to market. 2023. Revenue. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. February that Northvolt plans to hire banks for an initial public offering that could take place within 12 months and value the company at more than $20 billion. Despite significant progress, the company faces challenges due to production issues and competition. Northvolt has raised US$1. Europe has a strong appetite for domestically made cells made by domestic players. 8B per year. will lower total cost of ownership and create unique opportunities to generate value for Fluence customers. 2bn in convertible bonds from investors including the world’s largest money manager BlackRock, as Europe’s biggest homegrown battery maker plans to boost production to Now it looks like the decision is leaning toward a listing in Stockholm that could value the climate tech company at $20bn, according to the Financial Times. 24-90577 in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") Stockholm, Sweden – Northvolt has commissioned its first public energy storage system at an electric vehicle charging station in Västerås, Sweden. Latest Valuation (2021) $0. CATL launched its Series A funding round, raising RMB 3 billion (USD 420 million) at a valuation of approximately RMB 20 Fluence and Northvolt collaborate to co-develop smart, sustainable battery technology for grid-scale energy storage. $12 B. Northvolt Late on Thursday, Northvolt said it would be able to pay 287 million Swedish crowns ($27. Our goals. View all funding & investor details of Northvolt. However, it filed for bankruptcy in November 2024. 3 billion Danish kronor (3. Expand (Helena Soderpalm/REUTERS) R. ($1 = 0. Northvolt is a European supplier of sustainable, high-quality battery cells and systems. Volkswagen, Northvolt’s largest shareholder, has significantly written down the value of its 21% stake in the Swedish battery cell manufacturer following the company’s recent bankruptcy protection filing in the United States, according to sources familiar with the matter. Northvolt collapse shows stamina and leadership are lacking for Europe to realise its battery ambition Julia Poliscanova — December 2, 2024 But the real tragedy is Europe lacking a strategy and resolve to do what it takes to build a battery value chain. Northvolt Zwei Bloomberg: Northvolt Has Major Obstacles Ahead Even With Bailout In Reach; Catalyst is brought to you by EnergyHub. 18. The company aims to supply the automotive industry with electric vehicles sustainable battery cells and systems to accelerate the transition to a decarbonized future. FY, 2023. (Reporting by Supantha Mukherjee Lessons from Northvolt. Rangvid said that back in 2019, he and colleague Henrik Ramlau-Hansen, associate professor in CBS’s UPS and Northvolt show the public and private market disconnect Exchange Commission announced it had fined the shipping company $45mn for improperly carrying an acquired company at a value Volkswagen has taken major writedown on Northvolt stake, sources say At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 Invest in or calculate the value of your shares in Northvolt or other pre-IPO companies through EquityZen's platform. Market Valuation. Through its large-scale recycling program, Northvolt intends to enable 50% of its raw material requirements to be sourced from recycled batteries by 2030. Headquarters is in Stockholm, Sweden. But that loan was not intended to carry Northvolt through its entire bankruptcy restructuring, and the company has continued to evaluate proposals for additional financing from strategic and “This is a positive outcome that demonstrates the support of our shareholders as we seek to realize our ambition and maximize our value,” the company said. Northvolt also had to rely on Chinese suppliers (two out of Northvolt’s five biggest suppliers were Chinese) and some reports suggest the Swedish company was using inferior machinery from China, which is said to Swedish battery developer and manufacturer Northvolt AB has raised $2. We would like to show you a description here but the site won’t allow us. 6 billion, it is Japan’s biggest debut in five years. The debt financing was covered by the European Investment Bank and additional lenders. As of the end of 2023, VW said the book value of its stake in Northvolt was at € The company tried to woo investors that year with plans for a stock-market listing at a $20 billion valuation. Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. Galp and Northvolt have selected the port city of Setúbal as the location for their Aurora lithium conversion plant, which aims to become a steppingstone for the development of an integrated lithium-battery value-chain in Europe. The system serves to reduce peaks in electricity demand of the charging station by more than 80%, Norwegian energy company BKK is an early customer of the Voltpack Mobile System – Northvolt’s first scalable, redeployable battery energy storage system. The IPO is Northvolt has raised more than $6. 35 m in annual revenue in FY 2023. ETFs with exposure Northvolt’s property, plant and equipment were valued at $5. Hydro is increasing its ownership in Hydrovolt from On November 21, 2024 (the "Petition Date"), Northvolt AB and eight affiliated debtors (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. Manufactures lithium ion batteries needed for electric vehicles. Sweden's Northvolt AB said clean power and access to critical raw materials alongside generous subsidies swayed its decision to pick a site close to Montreal for its first electric vehicle battery plant in North America. Struggling Swedish battery maker Northvolt AB met with multiple stakeholders on Monday as it seeks €200 million ($219 million) in fresh funds, according to people familiar with the matter. 2 billion from investors including BlackRock and several Canadian pension plans as it prepares to build new factories in Europe Northvolt has raised €1. 2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, Northvolt is funded by 62 investors. Compared with paper currencies, gold holds its value well After its founding in 2017, Northvolt – a partner in the flagship EU industrial policy initiative the European Battery Alliance – became a symbol of the EU’s clean-tech ambitions and its goal of creating a competitive, homegrown battery value chain. Hydro describes Hydrovolt as a battery recycling and raw materials company established in 2020 as a 50/50 joint venture (JV) between Hydro and Northvolt. The start-up had raised over $15 billion (£12 billion) from investors, but was left with almost $6 billion in debt. What does that mean. $128. 2 billion in convertible notes from North Sweden's Northvolt is trying to sell off its stockpile of battery-making materials, three sources familiar with the matter said on Thursday, as the company tries to shore up its finances after Sweden's Northvolt said on Thursday it will seek U. The company claims that its lithium-ion cells can withstand over a thousand charging cycles and are almost 100% recycable. Are you a Founder ? Claim your Profile. Cells produced at Northvolt Ett will supply several of Europe’s leading automotive customers and industrial actors, including Volkswagen, BMW, Scania, Volvo Cars and Polestar, as well as Northvolt Systems in Poland. 44 b in total funding, and $128. Northvolt is a Swedish electric battery manufacturer. This valuation dropped significantly throughout 2024. It is estimated that the Stockholm listing could value the company, which was founded in 2017 by former Tesla Motors employees, at $20 billion. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. Talks of a potential IPO had floated a target Northvolt valuation of $20 billion. Talks with investors, potential pre-orders, and loans are ongoing to secure funds. [4] Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå, Sweden in 2021 and announced plans for five others in Europe and North America. What is the valuation of Northvolt?Northvolt' valuation is $11. 9176 euros) Sign up here. The same week it was reported that Japan overtook China as a driver for investment banks’ revenues from equity fees for the first time in nearly 25 years. The company aims to establish a supply of sustainable battery cells and systems. 7B) in equity and debt. Northvolt’s ability to secure USD50 billion in supply contracts highlights the high demand for European-made batteries. CALB. 4. Northvolt saw its net losses quadruple last year, reaching $1. Northvolt chief warns of faltering green transition after battery maker’s bankruptcy Europe’s best-funded start-up raised $15bn but was left with just $30mn in cash Save A Northvolt battery model before a news conference in Montreal, Quebec, Canada, on Thursday, Sept. 32. Valuations are submitted by companies, mined Swedish lithium-ion battery producer Northvolt has raised $1. The year is on track for its third-highest level After selling its first battery cells in 2022, Northvolt’s losses tripled in 2023 to $1. Northvolt has been valued at around $12 billion after raising about $6. Among the funding round "As is obvious to everyone, the value of Northvolt is considerably lower than it was compared to a year ago," an AMF spokesman said, adding the pension fund had invested the equivalent of 1. 2bn in 2023 up from $285m in 2022. Valued at $11. Northvolt filed to begin Chapter 11 bankruptcy proceedings after its owners, lenders and customers failed to agree an interim financing deal. The listing was then to take place in 2022 or 2023 and bring the company a valuation of 20 to 30 billion euros, so it looks like the plans have been scaled and Northvolt is a battery developer and manufacturer that specializes in lithium-ion technology for electric vehicles. Northvolt battery cells are currently designed and developed at Northvolt Labs in Västerås, Sweden, and Northvolt Cuberg in San Leandro, California, US. 17. Northvolt structures the cells in different ways, called Voltblocks, Voltpacks and Voltracks. Other western EV start-ups have faced financial troubles this year, too. Founded in 2016 to enable the European transition to a Northvolt has voluntarily filed for filed for Chapter P P reorganization in the United States Bankruptcy Court for the Southern District of Texas. The agreement provides Northvolt with an unmatched channel to deliver systems to the global market The Investment Management Corporation of Ontario (IMCO) is investing US$400m (€366m) in Northvolt, a Swedish integrated battery platform focused on the research and development, manufacturing and recycling of Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the battery maker. 8B as on Jun 09, 2021. Northvolt has been targeting about €200 million, Bloomberg News and others have reported. While Northvolt is on the skids, Lyten appears ascendent. 3 M. Goldman Sachs Asset Management, its second-largest shareholder, was considering joining the rescue, Bloomberg News reported this week. Northvolt's estimated annual revenue is currently $1. 9793 Swedish crowns) The latest Northvolt stock prices, stock quotes, news, and history to help you invest and trade smarter. European Investment Bank and Nordic Investment Bank are the most recent investors. A Private Market Specialist will also be available to assist you with any inquiries related to Northvolt said on Monday it had won an order worth more than $14 billion over 10 years Investors have been rushing into the EV sector by pushing up valuations for companies such as Tesla and Northvolt has invited investment banks to pitch formally for The Swedish battery maker has invited investment banks to pitch formally for roles in the deal that could value the company at The current Northvolt valuation was estimated to be about 11 billion Euros. ” Sustainability is also Northvolt’s central USP and the firm claims its carbon footprint is 30-40% of a standard battery (partially thanks to an abundance of clean hydropower energy in northern Sweden, where Ett is located). Northvolt, whose major shareholders Northvolt reveals development program for aviation battery systems. The automaker had placed Northvolt's shares valued at around €693 million ($726 million) at the end of 2023, yet by 2024, they too have taken major writedowns as Northvolt continued to miss production targets. 28. Our mission is to build the world’s greenest battery, with minimal carbon footprint and the highest ambitions for recycling Our vision is to accelerate Northvolt initially said the Canadian plant would begin operations in 2026, Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in This new European battery value chain will be worth over €250 billion by 2025, according to the European Commission. Lucid posted a $992m loss in the third quarter of this year, Polestar a Northvolts’ most recent funding round saw the company raise another $1. See insights on Northvolt including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. February 16, 2023 03:14 PM. But the growth plans were Swedish battery-maker Northvolt AB has defied the market gloom surrounding startups by securing new funds at last year’s valuation of $12 Northvolt has raised $14. 5bn from investors since its founding by former Tesla employees Peter Carlsson and Paolo Cerruti. Galp and Northvolt select Setúbal to build advanced lithium conversion unit . Northvolt welcomed the proposal Cash-strapped battery maker Northvolt AB is working on a plan to raise more than 10 billion kronor ($920 million) to continue its operations beyond the immediate horizon, according to its chief Northvolt value creation model 16. 9550 euros) ($1 = 10. though the company has not publicly provided an update to its valuation, which was touted to be US$12 billion prior to this capital raise. To explore Northvolt Zwei‘s full profile, request access. While Northvolt has not shared plans to go public, Reuters reported in February, citing sources, that the company was indeed preparing for an IPO at a $20 billion valuation. 75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030. Northvolt has undergone 12 funding rounds garnering more than $9 billion in debt and equity since its founding. The filings will support the company’s efforts to restructure maximizing value for stakeholders. But the growth plans were already coming apart. On December 20, a "Second Day Hearing" was conducted, where the company progressed the case, including obtaining final approval for the motions that received preliminary approval shortly after submission. In September, the company positioned a 281 kWh variant of the system, which can be scaled to 1,405 kWh, into a construction site outside of Bergen. Leveraging well-developed NMC chemistries to take advantage of fully matured value chains, and deliver batteries designed for manufacturability and deployment. It’s valuation has likely fallen dramatically since that last confirmed valuation. 75 billion. This is why we are using our know-how to support the development of the battery value creation chain in Europe along with several partners. 2bn at the end of 2023, including its current factory in Skellefteå in northern Sweden as well as land in Germany and Canada. Enterprise value $15. Revenue increased slightly to $128m last year from $107m the year before. Use the PitchBook Platform to explore the full profile. Competitors and Similar Companies. Northvolt AB ⌁ Alströmergatan 20 SE-112 47, Stockholm, Sweden +46761309427 hi@northvolt. Northvolt 's current valuation is $9. The unpredictability of the coronavirus pandemic, which had exposed vulnerabilities in global supply chains, had also put pressure on European countries Hydro and Northvolt have signed an agreement where Hydro will acquire the remaining shares in the battery recycler Hydrovolt for NOK 78 million. with a process that creates value not environmental problems Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. S. Northvolt’s acquisition of San Francisco Bay Area start-up Cuberg in March 2021 opened the doors to a cell architecture featuring a pure lithium metal anode (in place of graphite) and novel liquid electrolyte. Northvolt’s story offers three key lessons. How much is Northvolt worth? Northvolt was last valued at $12 billion in 2022 and, according to Reuters, could reach a value upwards of $20 billion post-IPO. Will there be changes to employee pay and benefits as a result of today’s Northvolt, once Europe’s brightest star in battery manufacturing, raised a staggering USD 15 billion across 14 funding rounds—an amount that, in China, could finance as many as five second-tier battery manufacturers. Featured Stories. in funding over 14 rounds. Once valued at more than $12bn (£9bn), Northvolt is scrambling to raise hundreds of millions of euros to shore up its finances after a global downturn in FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland, October 21, 2024. Employee Data. In June 2021, Northvolt raised €2. Request a free trial. I have wanted to contribute to building companies that can accelerate the green transition by clearly demonstrating the value-creating potential that it means for the companies that By Paul Homewood Investors are preparing to write off nearly the entire value of their stakes in Swedish battery giant Northvolt as a crisis at the troubled European green technology champion deepens. The Swedish battery cell manufacturer Northvolt wants to go public. Northvolt has raised $8bn in equity and debt so far, making it the best-funded start At the end of 2023, VWAGY reported the book value of its Northvolt holding at €693 million, nearly 25% lower than the prior year. 75 billion from a host of big names to help fuel its global expansion and increase production. As a partner to the initiative, Northvolt was pleased to be in attendance. It is listed as Northvolt’s second-largest creditor in the Chapter 11 filing Anxious not to be reliant on Asian players, Europe was keen on developing its own home-grown capacity to control the value chain, maintain employment in Europe, and get a share of the profits. 17 billion valuation, according to PitchBook, including a $200 million round that closed The new issue put a company valuation for Northvolt to SEK 14. This article requires Northvolt has taken in some $10 billion in debt and equity financing since its founding, including support from the European Investment Bank, Sweden’s Export Credit Corporation and the Nordic Investment Bank. Once valued Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles. The launch of the joint venture follows an investment in Northvolt by Hydro in 2019 and further One of Northvolt’s main investors told the Financial Times that they thought an insolvency was likely next week and that they had written down the value of their investment to zero. 8B. Considering that Northvolt continues to expand capacities as well as build new production facilities, the third of With Northvolt having amassed an order book valued over $50 billion, much of Northvolt Ett production capacity is sold out. last year. VW has declined to say Reuters has previously reported, citing sources, that Northvolt was preparing for an initial public offering that could value the company at more than $20 billion. 59 million) of taxes that fall due on Monday. The competitiveness of transatlantic markets, the regionalization of supply chains, as well as the importance of the battery industry in fighting climate change are still key Northvolt financials data including stock price, CreditSafe score, income statement, balance sheet, cash flow, and acquistions and subsidiaries. 1B. Data Reuters last month reported that Northvolt is close to hiring banks for an initial public offering (IPO) in Europe or New York that could value the company at more than $20 billion. Freimane said, adding that “it’s still too early to say” if it will write down the value of its investment. Northvolt's management team is Northvolt has invited bankers to pitch for roles on a stock market listing that could value it at about $20bn as early as next year. The closing of the transaction is expected by the end of Q1 2025 pending certain conditions, including approval by the relevant courts in “Through our partnership with Northvolt we will also benefit greatly from an end-to-end battery value chain, from raw material to complete car, ensuring optimal integration in our cars. Ignoring the great material value of metals held in these materials would be a mistake, but worse yet, failing to recycle them would undercut the environmentally-oriented intentions of the shift to electric vehicles Northvolt has 5 employees across 8 locations, $4. Founded by Peter Carlsson, Carl Erik Lagercrantz and 2 others in the year 2016. Northvolt AB is a privately-held company that manufactures batteries including lithium-ion batteries for renewable energy and transport sector. Northvolt, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group GS. Funding plan. Northvolt - Manufacturer of lithium-ion batteries for electric vehicles. Life cycle assessment: Cell. 316B over 23 rounds. Saturday, January 18, 2025 We will become a center for value creation through efficient service delivery and state-of-the-art process management,” adds Alexander Streif, vice president of supply chain Northvolt Bankruptcy: Northvolt entered bankruptcy on November 21 with a $100-million bankruptcy loan from Swedish truck maker Scania, a shareholder and its biggest customer. In December 2020 the European Commission proposed a new landmark sustainable battery law aimed at embedding resilience, sustainability, and competitiveness into the European battery industry. The battery system is the first that local energy provider Mälarenergi has deployed alongside EV charging infrastructure. Last fall, the company invited investment banks to pitch for roles in an IPO that could have valued the battery maker at US$20 billion, the FT then reported. The EU battery ecosystem will likely be a mix of experienced South Korean and Chinese Northvolt was founded in 2017 and has become the main European challenger to the big which is talking to banks about a stock market listing as soon as next year at a valuation of about $20bn A source said in June that its latest fundraising had valued Northvolt at $11. 5 billion through debt and equity. Northvolt has invested in NOVO Energy (Electrical Equipment). Swedish companies are known for pioneering sustainable solutions, dedicated to advancing a global, just, and green transition, while the DRC is a country immensely rich in resources, which Investors are preparing to write off nearly the entire value of their stakes in Swedish battery giant Northvolt as a crisis at the troubled European green technology champion deepens. Company Valuation. The writedowns at Volkswagen were done throughout the current financial year, the people said, without giving the Northvolt stake’s current value. The company tried to woo investors that year with plans for a stock-market listing at a $20 billion valuation. 56bn) post money. Northvolt Stock (NORT) Northvolt goes beyond batteries. The European Investment Bank will contribute with an in-principle $400M (€350) loan as a part of the total funding. 27B in equity at €11. 4 billion stake is worth less than Information on valuation, funding, acquisitions, investors, and executives for NOVO Energy (Electrical Equipment). 25 April, 2023. The intended listing is to take place in 2022 or 2023 and bring the company a valuation of 20 to 30 billion euros. The cell has been validated for a best-in-class energy density of over 160 watt-hours per kilogram at the company’s R&D and industrialization campus, Northvolt Labs, in Västerås, Sweden. Deal Type Date Amount Valuation/ EBITDA Post-Val Status Debt; This information is available in the PitchBook Platform. Northvolt; grew their employee count by 14%.
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