Friday, October 11, 2024

Batteries: "Northvolt in talks for about 200 million euros in funding - sources"

A Reuters exclusive, October 11:

Northvolt is in talks with investors and lenders to secure about 200 million euros ($218 million) in funding, three sources familiar with the matter said, as the cash-strapped Swedish battery maker seeks to stabilise its short-term finances.

The talks have been taking place this week as the company seeks short-term financing while it still aims to raise a larger amount of capital, one of the sources said. The sources declined to be identified because the matter is confidential....
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October 8 - Batteries: "Northvolt says subsidiary files for bankruptcy after project pulled"