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Press release

Swedbank Robur Alternative Equity invests in Northvolt

Swedbank

"With the investment in Northvolt, we support a sustainable industrial high-tech transformation to contribute to future-proof Swedish industry and commerce. We believe in the company's strong competitiveness today and tomorrow thanks to, among other things, its vertical integration, advanced digitization, modular approach and focus on research and development. Northvolt's quality and ambition to become a world leader in sustainable battery production is an ingredient in Europe's transition to renewable energy and will contribute to positive environmental effects globally", says Henrik Lundh, Head of Alternative Investments at Swedbank Robur.

Northvolt has now delivered its first battery cells to customers and is thereby the first European battery company to make commercial deliveries to a car manufacturer. The company's vision is to accelerate the transition to a decarbonized future by supplying sustainable, high-quality battery cells and systems by building Europe's largest lithium-ion battery factory. Northvolt's mission is to build the greenest battery in the world with a minimal carbon footprint and the highest ambitions for recycling to enable the European transition to renewable energy.

"This financing round is an important part of our continued journey, and we are very pleased to welcome Swedbank Robur Alternative Equity as a new investor in Northvolt. Swedbank Robur's focus on sustainable value creation is well aligned with our corporate philosophy and core business, and this investment will contribute to the company's development going forward", says Peter Carlsson, co-founder and CEO at Northvolt.

Swedbank Robur Alternative Equity I is a Swedish-based alternative investment fund for professional investors established in 2022. The fund invests long-term in unlisted Swedish and other Nordic companies. Investments will be made in both established growth companies and other privately owned companies with a focus on sustainable value creation and transformation.

More information:
Swedbank Robur Alternative Investments (link (https://www.swedbankrobur.se/foretag-och-institutioner/alternativa-investeringar.html))
Press release Northvolt (link (https://northvolt.com/articles/northvolt-financing-july2022/))

Contact:
Carina Sesser Nylund, Press Manager, Swedbank Robur ph. +46 72 230 52 64

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