Volkswagen has co-led a $600m round for Northvolt together with Baillie Gifford and Goldman Sachs, while Scania also returned.
Sweden-based advanced battery developer Northvolt has secured $600m in a funding round co-led by automotive manufacturer Volkswagen, investment bank Goldman Sachs’ Merchant Banking Division and investment management firm Baillie Gifford.
Commercial vehicle producer Scania took part in the round, as did Baron Capital, Bridford Investments, Norrsken VC, PCS Holding and Imas Foundation, the sister entity of Ingkea Foundation, the owner of home furniture chain Ikea’s retail outlets.
Private investors Cristina Stenbeck, the principal owner of investment firm Kinnevik, and Daniel…
