# Northvolt: Swedish bankruptcy filing

Northvolt AB and affected subsidiaries · Sweden · Battery manufacturing

Evidence reviewed Oct 26, 2026. Historical event record.

Northvolt AB filed for bankruptcy in Sweden in March 2025 after efforts to finance a restructuring failed. Lyten completed the purchase of major Swedish battery assets in February 2026.

## Historical private valuation

$11.75bn · Jun 9, 2021

TechCrunch cites CNBC’s reported $11.75 billion valuation at the June 2021 private financing.

[TechCrunch](https://techcrunch.com/2021/06/09/swedish-company-northvolt-raises-2-75b-to-accelerate-european-battery-production/)

## Documented event

Swedish bankruptcy filing · Mar 12, 2025

No transaction price shown. Northvolt AB announced its Swedish bankruptcy filing after it could not secure the financing necessary to continue in its existing form. The announcement distinguished the Swedish process from its prior U.S. Chapter 11 effort.

[Northvolt / Mynewsdesk](https://www.mynewsdesk.com/se/northvolt/pressreleases/northvolt-files-for-bankruptcy-in-sweden-3374738)

## What changed

This records the original company’s bankruptcy alongside a later asset continuation. Lyten acquired Northvolt Ett, Ett Expansion and Northvolt Labs and announced a restart process; its production targets were forward-looking. Neither the historical financing valuation nor the assets’ book value is a disclosed acquisition price.

## Timeline

### Jun 9, 2021 — Private placement announced

Northvolt announced signing a $2.75 billion private placement led by new and existing institutional investors.

[Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

### Mar 12, 2025 — Bankruptcy filed in Sweden

The board said the company had exhausted available financial and operational alternatives and filed in Sweden.

[Northvolt / Mynewsdesk](https://www.mynewsdesk.com/se/northvolt/pressreleases/northvolt-files-for-bankruptcy-in-sweden-3374738)

### Feb 27, 2026 — Swedish asset acquisition completed

Lyten announced completion of its acquisition of Northvolt Ett, Ett Expansion and Northvolt Labs. It described an immediate restart process and future commercial-production plans.

[Lyten / Cision](https://news.cision.com/lyten/r/lyten-completes-acquisition-of-northvolt-sweden-and-establishes-its-first-lyten-industrial-hub-in-sw,c4314000)

## Disclosed investors

Historical funding participation; not current ownership or investor losses.

- AP1–AP4 / 4 to 1 Investments — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- OMERS Capital Markets — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- Goldman Sachs Asset Management — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- Volkswagen Group — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- Baillie Gifford — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- AMF — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- ATP — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

- EIT InnoEnergy — [Northvolt](https://northvolt.com/articles/northvolt-equity-june2021/)

## Sources

- [Swedish company Northvolt raises $2.75B to accelerate European battery production](https://techcrunch.com/2021/06/09/swedish-company-northvolt-raises-2-75b-to-accelerate-european-battery-production/) — TechCrunch; published Jun 9, 2021; accessed Oct 26, 2026; financial reporting.

- [Northvolt raises $2.75 billion in equity to deploy further battery cell capacity](https://northvolt.com/articles/northvolt-equity-june2021/) — Northvolt; published Jun 9, 2021; accessed Oct 26, 2026; primary source.

- [Northvolt files for bankruptcy in Sweden](https://www.mynewsdesk.com/se/northvolt/pressreleases/northvolt-files-for-bankruptcy-in-sweden-3374738) — Northvolt / Mynewsdesk; published Mar 12, 2025; accessed Oct 26, 2026; primary source.

- [Lyten Completes Acquisition of Northvolt Sweden and Establishes its first Lyten Industrial Hub in Sweden](https://news.cision.com/lyten/r/lyten-completes-acquisition-of-northvolt-sweden-and-establishes-its-first-lyten-industrial-hub-in-sw,c4314000) — Lyten / Cision; published Feb 27, 2026; accessed Oct 26, 2026; primary source.

Logo: [Northvolt logo source](https://northvolt.com). Company trademark rights remain.

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