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As per a report, the company is negotiating with a number of banks to raise the amount and an agreement could be reached later this year

Battery Maker Northvolt In Talks For Over $5 Billion In Financing - Report

The company, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group and Morgan Stanley to lead a stock market launch, the sources said.

Battery Maker Northvolt In Talks To Hire IPO Banks -Sources

On the back of rampant battery demand, NorthVolt has raised more than $3.85 billion in just a year.

NorthVolt Raises $1.1 Billion For European Expansion

Volvo Cars and Northvolt would form a joint venture to develop batteries, including setting up a gigafactory for production and research and development centre.

Northvolt, Volvo Cars Pick Gothenburg For New Battery Plant

Northvolt will build a lithium processing plant with Portugal's Galp Energia with investments estimated at around 700 million euros ($789.6 million), as demand grows for lithium-ion batteries to power electric vehicles.

Battery Maker Northvolt And Galp Energia Form JV To Build Lithium Plant

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