Article by Proteum Energy's Director of Environmental Health & Safety, Robert Rapier
Robert Rapier | Senior Contributor | Forbes
Last fall Swedish lithium-ion battery maker Northvolt announced that it had raised $600 million in equity to invest in capacity expansion, research and development, and large-scale recycling.
The capital raise included institutional investors Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Norrsken VC & PCS Holding together with private investors Cristina Stenbeck and Daniel Ek. It was joined by current Northvolt shareholders Goldman Sachs GS -1.3%, IMAS Foundation, Scania, and Volkswagen AG.