the questionWhich records support the articles?
1Northvolt investors and governance: percentages, votes and board roles
documentedNorthvolt AB is a Swedish limited liability company, corporate identity number 559015-8894, with its registered office in Stockholm in the 2023 annual report. The group accounts are in US dollars, whereas the parent company accounts remain in Swedish kronor. 1
documentedThe same report identifies Peter Carlsson as chief executive and co-founder, Paolo Cerruti as North America CEO and co-founder, Emma Nehrenheim as materials business president, Sami Haikala as research and development SVP, Alexander Hartman as CFO and Daniela Maniaci as people chief. 1
2Northvolt financing: operating losses, convertible debt and project security
documentedThe declaration records a $154 million shareholder bridge facility in August 2024, followed by work with Teneo as financial adviser, Rothschild as investment banker and Kirkland & Ellis as counsel. A proposed broader out-of-court recapitalisation did not become achievable. 2
3Northvolt in Germany: the €600 million loan, guarantees and unfinished sale
documentedThe declaration identifies Northvolt AB as borrower under an October 2023 €600 million KfW convertible instrument, divided into €200 million and €400 million series and due in June 2028. It says the proceeds were injected as equity into Northvolt Germany TopCo for the Heide project. 2
4Northvolt insolvencies: Sweden, the United States and separate Canadian proceedings
documentedOn 12 March 2025, Stockholm District Court declared Northvolt AB, Northvolt Ett AB, Northvolt Labs AB, Northvolt Systems AB and Northvolt Revolt AB bankrupt. The Swedish enforcement authority identified Mikael Kubu as trustee. 3
Sources (3)
- Company statement source · s-d5 identified by category only · Company statement
- Court record source · s-d182 identified by category only · Court record
- Questions and answers on Northvolt bankruptcy, March 2025 Swedish Enforcement Authority