Northvolt Secures $5 Billion in Financing For Circular Battery Factory
Northvolt has closed on a $5 billion green loan package that will help it expand production at its Ett factory in northern Sweden.
Northvolt has closed on a $5 billion green loan package that will help it expand production at its Ett factory in northern Sweden.
Cuberg, a subsidiary of Northvolt, is making great strides toward providing batteries that are capable of powering electric aircraft.
Northvolt, the high-profile Swedish battery startup launched by a former Tesla supply chain VP, just announced that it has acquired a US-based battery startup, Cuberg, and it seems to think that it has hit a grand slam with this acquisition. Northvolt claims that the duo will be developing next-gen batteries … [continued]
Boeing just dug into its pocket to acquire the Californian-based energy storage solution provider, Cuberg, for its HorizonX Ventures.
Boeing HorizonX Ventures, which was established just last April, will be investing into the next-gen aerospace battery startup Cuberg.