Northvolt AB

Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Paolo Cerruti

COO and Co-Founder

3 past transactions

Liminal

Series A in 2023
Liminal, formerly known as Feasible, Inc., specializes in battery analytics through its innovative EchoStat platform, which utilizes ultrasound waves to assess the physical properties of batteries. By sending ultrasonic pulses through a battery and analyzing the resulting echoes, Liminal can detect differentials within individual cells, across multiple cells, and even between production lines. This technology allows for real-time insights into the electrical, thermal, and mechanical conditions of battery components, making it particularly valuable for industries such as automotive, residential storage, grid storage, and consumer electronics. Founded in 2015 and headquartered in Emeryville, California, Liminal is positioned to enhance battery performance and reliability through its advanced screening and analytics capabilities.

Altris

Series A in 2022
Altris is a company focused on developing sustainable sodium-ion battery cathode materials, notably its flagship product, Fennac®. This innovative cathode material is composed of iron, sodium, carbon, and nitrogen, which are all abundant, non-toxic, and environmentally friendly materials. By leveraging these resources, Altris aims to produce batteries that are not only safe for widespread use but also reduce reliance on scarce and geopolitically sensitive materials such as lithium, cobalt, and nickel. The company’s technology emphasizes sustainability throughout the entire lifecycle of the battery, from production to end-of-life recycling. Altris’s commitment to creating high energy density cathode materials enables the manufacture of rechargeable sodium batteries suitable for stationary energy storage, promoting the use of affordable and environmentally responsible energy solutions.

Cuberg

Acquisition in 2021
Cuberg is a U.S.-based company founded in 2015 and headquartered in Berkeley, California, specializing in advanced battery technology. The company focuses on developing high-performance lithium metal cells that can be produced using existing lithium-ion manufacturing equipment, making it suitable for aerospace and industrial applications. Cuberg's innovative electrolyte technology allows for the use of high-voltage cathodes and lithium metal anodes, resulting in batteries with increased energy density, high-power performance, improved safety, and thermal stability. These advancements are aimed at providing sustainable and reliable battery solutions for electromobility and other industries.
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