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Northvolt AB makes lithium-ion batteries for transport, power grids and industrial use from Stockholm, Sweden.
Founded in 2016 and based in Stockholm, Sweden, Northvolt AB is a clean technology company that makes lithium-ion batteries for transport, power grids, and industrial and consumer use. CEO Peter Carlsson and COO Paolo Cerruti co-founded it. In August 2025 Lyten, Inc., a portfolio company of Honeywell Ventures, Prime Movers Lab, European Investment Fund, Stellantis Ventures and Triatomic Capital, agreed to acquire Northvolt AB, with terms undisclosed and completion expected in Q4 2025. Its energy storage systems include Voltblock and Voltpack, and it reports more than USD 27 billion in contracts with customers including BMW, Fluence, Scania and Volkswagen.
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