Latest Northvolt news, funding rounds and robotics & AI coverage. 2 articles tracked by The Robotics Media.
Northvolt AB was a Swedish lithium-ion battery developer and manufacturer founded in 2015 by former Tesla executives Peter Carlsson and Paolo Cerruti. Backed by Volkswagen, BMW, Goldman Sachs and Sweden's largest pension funds, Northvolt targeted a European battery supply chain independent of Chinese cell makers through its Ett gigafactory in Skellefteå, Sweden and its Drei gigafactory project near Heide, Germany. The company entered administration in early 2026, and its remaining assets — including the 110-hectare Northvolt Drei site in Germany and the Revolt recycling plant in Sweden — are being acquired in 2026 by U.S. lithium-sulfur battery maker Lyten.