Battery-cell developer Northvolt draws backing from Spotify CEO

Northvolt CEO Peter Carlsson holds a prismatic cell battery, left, and a cylindrical cell battery, at the company's plant in Vasteras, Sweden, during an interview in December 2019. (BLOOMBERG)

B

By:

Bloomberg

September 29, 2020 03:25 PM

Swedish battery-cell maker Northvolt AB raised $600 million in a private placement that brought in more big names such as the CEO of Spotify Technology to help it grab a share of the market for powering electric cars.

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