Battery Manufacturer Northvolt Raises $400 Million in Funding
The funding will help the company achieve its manufacturing target of 150 GWh of annual capacity by 2030.
June 27, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Northvolt, a battery manufacturer, received a $400 million investment from the Investment Management Corporation of Ontario (IMCO), a Canadian pension fund manager, in collaboration with Global Infrastructure Groups. The investment was converted into notes and will support Northvolt’s expansion plans.
Where clean energy's most influential leaders get their intelligence
Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.
Already have an account? Sign In
Arjun Pradeep
More articles from Arjun Pradeep.
