| Founded | 2016 |
|---|---|
| Country | Sweden |
| Sector | Climate |
| Total raised | ~15B USD (equity + debt) |
| Collapse type | Slow Death |
| Founder | Peter Carlsson, Paolo Cerruti |
Northvolt
"The battery startup that was supposed to free Europe from Chinese supply chains. It couldn't make batteries fast enough."
Years-long decline before final shutdown
Key Events Timeline
Northvolt failed to achieve adequate manufacturing quality and yield at its Swedish Gigafactory in Skellefteå.
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