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January 16, 2024

Northvolt secures Europe’s largest green loan ever at $5bn

The battery giant will use the capital to expand its Swedish factory

Mimi Billing and Freya Pratty

2 min read

Northvolt, a Swedish battery manufacturer and Europe’s best-funded climate tech startup, has secured a $5bn loan to expand its factory in northern Sweden. It’s the largest loan raised by a climate tech company in Europe to date.

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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 a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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