OMERS Capital Markets joined four Swedish pension funds to lead equity fundraising for Northvolt, which is reportedly now valued at US$11.75 billion. (Reuters)
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OMERS Capital Markets joined four Swedish pension funds to lead equity fundraising for Northvolt, which is reportedly now valued at US$11.75 billion. (Reuters)
Talking point: As automakers look to rapidly increase the electric-vehicle models in their lineups, Northvolt has a major customer in Volkswagen, its biggest shareholder. The company also plans to build at least two more plants in Europe over the next decade. Europe’s plan to become self-sufficient in EV batteries by 2025 was lauded in a recent report by Clean Energy Canada, which called on the government to take similarly swift action to invest in the domestic battery ecosystem.
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