Executives

Battery-cell developer Northvolt draws backing from Spotify CEO

Northvolt
Northvolt CEO Peter Carlsson holds a prismatic cell battery, left, and a cylindrical cell battery, at the company's plant in Vasteras, Sweden, during an interview in December 2019. (BLOOMBERG)
NR
By:
NICLAS ROLANDER
B
By:
Bloomberg
|
September 29, 2020 03:25 PM

Swedish battery-cell maker Northvolt AB raised $600 million in a private placement that brought in more big names such as the CEO of Spotify Technology to help it grab a share of the market for powering electric cars.

Staying current is easy with newsletters delivered straight to your inbox.