Northvolt Yet to Get Commitments From Investors as Cash Runs Low

Northvolt AB has yet to line up investors willing to commit funds to allow the Swedish battery maker to emerge from Chapter 11 bankruptcy protection, according to people familiar with the matter.

The electric vehicle supplier’s cash position is dwindling as investors wait for others to step forward first in the ongoing funding talks, said the people, who asked not to be named discussing confidential information.

“Numerous parties have submitted indications of interest in Northvolt’s financing process,” a spokesperson for Northvolt said. “The company and its advisers are engaged in productive conversations and due diligence with both strategic and financial ...