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Northvolt was founded in 2016 by Paolo Cerrruti and Peter Carlson. In a discussion with the Financial Times in October 2023, Northvolt’s Head of Corporate Finance Andreas Rohman said, “We have worked for more than a year to get all processes and internal controls in place and then it will be up to the market to judge. Let’s see how the market looks in the next year or two” regarding a future IPO. While they are rumored to go public, the company has not officially endorsed a plan to participate in an IPO.
Northvolt is an electric battery developer that produces lithium-ion batteries for vehicles. Per Forge Data, Northvolt has raised a total of $8.8 billion in funding over 13 rounds, with its latest funding raised on Nov 16, 2023. Key investors include Goldman Sachs Merchant Banking Division, European Investment Bank, and Volkswagen Group.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Northvolt is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Northvolt is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Peter Carlsson is the CEO and founder of Northvolt.
Northvolt is headquartered in Stockholm, Sweden.
Northvolt supplies key customers which include BMW, Volkswagen, Volvo, and more.
