Northvolt has carried out a USD 2.75 billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers.
The private placement was co-led by new investors AP funds 1-4, via the co-owned company, 4 to 1 Investments, and OMERS, one of Canada’s largest defined benefit pension plans, alongside existing investors such as Goldman Sachs Asset Management and Volkswagen Group. Northvolt is conducting business within lithium ion battery production with the aim to establish large-scale battery factories.
Vinge’s team consisted primarily of Charlotte Levin, Kristina Ekberg, Ulrich Ziche, Joel Wahlberg, Joel Magnusson and Linnea Petersson.
