Northvolt is in talks with investors and lenders to secure short-term funding of some €200-million, three people familiar with the matter told Reuters
A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources.
Northvolt has gone in a matter of months from being Europe’s best shot at a homegrown electric-vehicle battery champion to racing to raise funds. An AMF spokesperson told Reuters the fund manager had not yet made any decision on Northvolt funding.
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