Business Magazine

This Battery Startup Raised $15 Billion. Then It Went Bust.

Posted on the 24 November 2024 by Phil's Stock World @philstockworld

Northvolt was one of the world's most valuable battery startups. Now it has run out of charge. Over the past week, the Swedish company filed for bankruptcy in the U.S. and said its co-founder was stepping down as chief executive, after a turbulent year of production problems and job cuts.

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