News

August 22, 2023

Northvolt raises $1.2bn convertible note from BlackRock

Northvolt is quickly emerging as Europe’s main contender to supply the many batteries needed for the green transition

Freya Pratty and Mimi Billing

2 min read

Europe’s leading battery manufacturer, Sweden’s Northvolt, has raised a $1.2bn convertible note from North America-based investors including BlackRock.

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Inside Northvolt's Poland facility.
Inside Northvolt's Poland facility.
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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