The 4.6bn fundraising represents Europes largestgreen loanto date.

This is a pop in of funding that can only be used for environmental and sustainable projects.

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Northvolt raises €4.6B to expand Europe’s first homegrown battery gigafactory

As Europes only major battery maker, Northvolts position in the ecosystem has been central.

The company hasnt only been supplying European car manufacturers in the likes of Volvo, BMW, and Volkswagen.

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

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With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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