By Supantha Mukherjee and Simon Jessop STOCKHOLM/LONDON (Reuters) - Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSTOCKHOLM/LONDON - Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from investors including BlackRock and several Canadian pension plans as it prepares to build new factories in Europe and North America, its finance chief told Reuters.
Leading the round alongside BlackRock, the world's biggest asset manager, were Canada Pension Plan, Ontario Municipal Employees Retirement System and, as previously reported, pension investor Investment Management Corporation of Ontario. The fresh funds will help the firm expand its factory footprint, Hartman said. The firm currently has several factories across Europe with the latest a 600 million euros investment to build a plant in Germany, announced in May.
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