Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Northvolt in talks with investors, lenders over €200m funding

(Sharecast News) - Battery maker Northvolt is reportedly in talks with investors and lenders to secure about €200m in short-term funding as it seeks to stabilise its finances. Reuters cited sources as saying that the talks have been taking place this week and that the company still aims to raise a larger amount of capital for the long term.

On Friday, Northvolt repeated a statement from 24 September that said it had made significant progress in recent weeks in its effort to raise cash. It declined to comment further to Reuters.

Late on Thursday, Northvolt said it would be able to pay its taxes of 287 million Swedish crowns that fall due on Monday, responding to speculation as to whether the company would be able to do so.

One source told Reuters the short-term funding may be made up of a mix of pre-orders from customers for batteries and loans as shareholders, customers and lenders all discuss forms of support.

It was also understood that there is a verbal agreement for €150m in funding, but a final deal has not yet been agreed.

The sums involved are much smaller than the 15bn Swedish crowns that Swedish media had reported Northvolt was looking for a few months ago, or the 7.5 billion crowns it was reported to be seeking last month.

Share this article

Related Sharecast Articles

IMI appoints Luke Grant as CFO
(Sharecast News) - Birmingham-based engineer IMI said on Monday that it has appointed Luke Grant as chief financial officer and executive director with effect from 25 July 2025.
DSW Capital acquires DR Solicitors for £6.1m
(Sharecast News) - DSW Capital announced the acquisition of DR Solicitors for £6.1m on Monday, marking a transformative and earnings-enhancing move for the group.
Thames Water creditors seek support for £1.5bn rescue fund
(Sharecast News) - A coalition of Thames Water's creditors was reported to be seeking additional investors to support a £1.5bn rescue fund on Monday, aimed at stabilising the troubled water utility and sustaining its operations through to next October.
Clean Power Hydrogen strikes new licence agreement with Hidrigin, settles legal action with GHFG
(Sharecast News) - Hydrogen technology company Clean Power Hydrogen has struck a new licence agreement and sales contract with Hidrigin and "amicably" settled its legal action with GHFG.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.