News

February 12, 2025

Northvolt extends runway but says it needs more capital to survive

The bankrupt battery factory has saved money through further cost-cutting

Mimi Billing and Freya Pratty

3 min read

When Swedish battery factory Northvolt filed for bankruptcy in November last year, it said it had enough capital to last until the end of January. Two weeks past that deadline, the company says its cash runway has been extended.

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Mimi Billing

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

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

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