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FREYR

company

About

FREYR develops a combined 32+2 GWh lithium ion battery facility and 600 MW onshore wind-park in Rana and Nesna municipalities in Norway.

Details

Last Funding Type
Post-IPO Equity
Last Funding Money Raised
$264.50M
Industries
Electrical Distribution,Electronics,Manufacturing,Renewable Energy
Founded date
Jan 1, 2018
Number Of Employee
251 - 500
Operating Status
Active
Stock Symbol
nyse:FREY
Legal Name
Freyr AS
Also Known As
FREYR Battery

FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$1.56B kr39M
FREYR has raised a total of $1.56B kr39M in funding over 2 rounds. Their latest funding was raised on Dec 1, 2022 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 1, 2022 Post-IPO Equity $264.50M Detail
Jul 8, 2021 Post-IPO Equity $600M 6 Detail
Jul 8, 2021 IPO $704M Detail
Feb 19, 2021 Grant kr39M 1 Innovation Norway Detail
Jan 29, 2021 Private Equity(PE) 1 Sylebra Capital Detail

Employee Profiles

Number of Employee Profiles
4
FREYR has 4 current employee profiles, including Executive Tom Einar Jensen
Executive
Executive
Executive
Executive