Northvolt secures investments from Danish pension funds

The Swedish battery cell manufacturer has raised some USD 1.6 billion (EUR 1.4 billion) in debt through a consortium of pension funds, public financial institutions and commercial banks.

Nordic pension funds Danica Pension and PFA have provided debt financing for a Swedish battery startup founded by two former Tesla executives, Peter Carlsson and Paolo Cerruti. The company has raised over USD 3 billion (EUR 2.5 billion) to date in
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