Volta Foundation’s Post

𝗩𝗘𝗡𝗧𝗨𝗥𝗘 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧𝗦 𝗪𝗵𝗼 𝘄𝗮𝗻𝘁𝘀 𝘁𝗼 𝗯𝗲𝗰𝗼𝗺𝗲 𝗮𝗻 𝘂𝗻𝗶𝗰𝗼𝗿𝗻 Lyten, a lithium-sulfur battery manufacturer, is making a compelling case for the widespread adoption of lithium-sulfur technology across various industries, including automotive and aerospace. The company asserts that lithium-sulfur cells offer a lower bill of materials while delivering twice the energy density, making them a game-changer in electrification. One significant advantage of Lithium-Sulfur batteries is their potential for local material sourcing and production, particularly in North America and Europe. This approach enhances regional supply chain resilience and sovereignty. In a significant development back in June, Lyten unveiled its inaugural Lithium-Sulfur battery automated pilot plant located in San Jose, California. The company is progressing according to plan, with expectations to commence commercial cell production by the end of 2023 and initiate shipments to early-adopter customers in early 2024. Recently, on September 12, Lyten secured a substantial funding boost by raising $200 million in a Series B funding round. Prime Movers Lab, a venture capital firm, spearheaded the investment round. Notably, automotive giant Stellantis joined the list of Lyten's investors in this round, signaling a strategic partnership aimed at advancing the development of lithium-sulfur EV battery applications. #investment #stockmarket #stockbroker #makemoney #exchange #ipo #join_ipo_deals_and_make_money #atranicapital #momentum #etf #portfolio #UHNWI #HNWI

#jointventure Accelera by Cummins Daimler Truck North America & PACCAR #AmplifyCell #battery #AccelerateTheShift …”These companies have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial vehicles and industrial applications. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Marshall County, Miss., with potential for further expansion as demand grows. The factory is expected to create more than 2,000 U.S. manufacturing jobs and is targeting the start of production in 2027. “…

A $20 billion IPO valuation in Europe! And for a company manufacturing batteries for electric vehicles! Sweden's Northvolt is looking to list its shares in Stockholm over other venues for one of the largest flotations for a European company in recent years. The battery maker has invited investment banks to pitch formally for roles in the deal that could value the company at roughly $20 billion! The company was founded in 2017 by two former Tesla executives to become Europe’s largest homegrown battery maker. Northvolt's investors include Goldman Sachs Asset Management, Swedish Pension Funds Andra AP-fonden (AP2) and AP3, BMW Group, BlackRock, Canadian pension funds CPP Investments | Investissements RPC, OMERS , Investment Management Corporation of Ontario (IMCO, Hong Kong-based Chow Tai Fook Enterprises (CTFE), Baillie Gifford, and many others. Northvolt has secured orders of over $55 billion from customers such as BMW Group, Fluence, Scania Group, Volvo Cars and Volkswagen. #ipo #europe #sweden #energytransition #climatetech #capitalmarkets #electricvehicles #manufacturing #capitalmarkets #batteries #energystorage #stockholm https://lnkd.in/gP9S2dad

#Tesla stock has 68% upside. Its price will eventually rebound to $275. The firm is well-positioned to benefit from electric vehicle industry distress. While leading US car manufacturers abandon EV growth plans in favor of hybrid alternatives. www.bakinv.com #bakarainvest #vehicle #vehicles #vehiclefinance #electric #ev #evehicle #batteries #hybrid #industry #tech #technology #business #finance #money

The significant debt raise for the electric-car battery venture marks a pivotal moment in the company’s expansion plans in Europe and underscores the critical role of venture debt in fueling the growth and expansion of innovative companies in the EV sector. Venture debt provides an alternative source of financing for high-growth companies like Automotive Cells Company SE, allowing them to fund their operations and scale without diluting equity or ownership stakes. The raise also enables Automotive Cells Company SE to capitalise on the growing market opportunity in EV batteries, positioning itself as a key player in the transition towards electric mobility. #VentureDebt #ElectricVehicles #EVTechnology

Daimler, Paccar and Cummins three of the trucking industry’s biggest players, are forming a multibillion-dollar joint venture to produce battery cells for commercial vehicles and other industrial applications at a U.S. plant, the biggest such project of its type in North America.  The companies plan to invest as much as $3 billion combined and each hold 30% stakes in the as-yet-unnamed venture, which will open in a little over three years. It will be scaled to churn out 21 gigawatt-hours of lithium-iron-phosphate, or LFP, battery cells annually at a factory site.  https://lnkd.in/d8GXc7m8

Swedish firm Northvolt secures $1.2B convertible note, backed by North American investors including BlackRock. Northvolt is a major player in EV battery production, poised to lead Europe's green transition with supply. Since May 2022, the company operates a functional battery gigafactory in Sweden, supplying EV batteries to clients like Volkswagen, BMW, Scania, and Volvo. Expanding with two new gigafactories, Northvolt secured German government support for one. Additionally, it aims to construct a North American gigafactory, as confirmed in May to Sifted. “We have found a committed group of investors that understands both the urgent need and massive financial potential in enabling the swift electrification of society,” said Alexander Hartman, CFO of Northvolt, in a statement. For more information-https://lnkd.in/em9-mf-Q #climate #climatetech #investing #evbattery #greentransition #financialempowerment #sustainability

Swedish battery maker Northvolt AB has raised $1.2 billion in convertible debt from North American institutional investors and is reportedly in talks to set up a new #battery factory in Canada, according to Bloomberg.   The funds come from investors including BlackRock Inc (NYSE:BLK) and the Canada Pension Plan Investment Board, as well as Ontario Municipal Employees Retirement System (OMERS) and Investment Management Corporation of Ontario.   In June, the media outlet reported that the company is nearing a deal to build a battery plant near Montreal, a project that’s expected to be worth about C$7 billion.  Northvolt has raised more than $9 billion in equity and debt during the past six years, while having received over $55 billion in orders from automotive clients including BMW, Volvo Cars and Volkswagen.  The company has previously stated it plans to eventually go public, with its valuation estimated... More at #Proactive #ProactiveInvestors http://ow.ly/zJKJ104RSkB #NYSE #BLK