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Week #34: Northvolt's story is the hard to take side of the story on building and scaling in the climate tech space
Andrea Vassallo
October 07, 2024
🗓️ This post in short:
A quick roundup on what happened at Northvolt and the struggles behind scaling ventures in the climate tech space 🤕
Hey there 👋
Welcome to week #34 of The Climate Tech Business and welcome to 13 new climate techies who joined the newsletter 🎉
This week I’m bringing you no good news, unfortunately.
Northvolt, one of the most important European climate tech pioneers, is navigating rough waters after a series of challenges that led to a strategic review of the company’s operations.
Northvolt’s struggles highlight the complexity of the climate tech space, especially in securing new funds to keep the finance pipeline going.
But what’s the story behind this?
This is what today’s post is about 👇️