# Freyr Battery

**Source:** https://www.startuphub.ai/startups/freyr-battery
**Profile type:** Startup

> Developing and manufacturing next-generation battery cells for clean energy solutions.

## About

FREYR Battery is a Norwegian company focused on developing and manufacturing advanced battery cells. They aim to provide sustainable and cost-effective energy storage solutions for electric vehicles and stationary applications, utilizing a proprietary manufacturing process to enhance efficiency and reduce costs.

## Key facts

- **Slug:** freyr-battery
- **Website:** https://freyrbattery.com/
- **Location:** Luxembourg City, Luxembourg
- **Founded:** 2018-01-01
- **Employees:** 241
- **Operating status:** Inactive
- **Total funding:** $2.7B
- **Sectors / tags:** Energy Storage, Battery Technology, Clean Energy, Advanced Manufacturing, EV Charging, Solid-State Battery, Electric Vehicles, Manufacturing, Advanced Manufacturing and Materials
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/t1energy
  - Twitter: https://x.com/t1energy

## Frequently asked

### What does Freyr Battery do?

FREYR Battery is a Norwegian company focused on developing and manufacturing advanced battery cells. They aim to provide sustainable and cost-effective energy storage solutions for electric vehicles and stationary applications, utilizing a proprietary manufacturing process to enhance efficiency and reduce costs.

### What is Freyr Battery's revenue?

StartupHub estimates Freyr Battery's annual revenue at $103.1M (range $55.5M to $229.3M, 67% confidence), based on comparable companies in the sector.

### What is Freyr Battery's valuation?

StartupHub estimates Freyr Battery's effective valuation at $10.4B (range $6.7B to $16.1B, 11% confidence), based on comparable companies in the sector.

### How much funding has Freyr Battery raised?

Freyr Battery has raised a total of $2.7B in funding. The most recent round on record is Grant.

### Where is Freyr Battery headquartered?

Freyr Battery is headquartered in Luxembourg City, Luxembourg.

### When was Freyr Battery founded?

Freyr Battery was founded in 2018.

### What industry does Freyr Battery operate in?

Freyr Battery operates in Energy Storage, Battery Technology, Clean Energy, Advanced Manufacturing, EV Charging, Solid-State Battery.

### How many employees does Freyr Battery have?

Freyr Battery has approximately 241 people on record.

### What is Freyr Battery's current status?

Freyr Battery's current operating status is: Inactive.

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