Northvolt's Expansion To Quebec: Cdpq Invests $150M To Support Construction Of Northvolt Six

Nov 17, 2023•about 2 years ago

Amount Raised

$150 Million

StockholmManufacturing

Investors

Caisse De Depot Et Placement Du Quebec

Description

Canada’s Caisse de Depot et Placement du Quebec (CDPQ) has invested $150 million in Stockholm-based sustainable lithium-ion battery maker Northvolt via convertible notes. The financing is aimed at supporting the realisation of Northvolt’s sixth gigafactory and first outside of Europe.

Company Information

Company

Northvolt

Location

Stockholm, Stockholm County, Sweden

About

The news arrives just over a month since Reuters reported that the company was in talks with banks to float an IPO that would see the seven-year-old company valued north of $20 billion. Word has it that Stockholm-based lithium-ion battery maker Northvolt is in talks to add another $5 billion to the coffers.

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