FREYR: Funding, Investors & Team (Sep 2026)
FREYR intends to install 50 GWh of battery cell capacity by 2025, 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030, and 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. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. 🔋⚡️
FREYR has raised $265M across 1 funding round on record, the most recent an undisclosed round of $265M announced in Dec 2022.
That round is above the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
FREYR Company Profile and Key Stats
Latest funding round on record: Dec 2022.
FREYR Funding Rounds
FREYR Founders and Leadership Team
No contact details are on record for this team yet.
FREYR Funding Compared to Other Consumer Electronics Startups
FREYR's latest round of $265M is above the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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FREYR Funding FAQs
What does FREYR do?
FREYR intends to install 50 GWh of battery cell capacity by 2025, 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030, and 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. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. 🔋⚡️
How much funding has FREYR raised?
FREYR has raised $265M across 1 round on record. The most recent is an undisclosed round of $265M announced in Dec 2022.
When did FREYR last raise funding?
FREYR's most recent funding round on record is an undisclosed round of $265M, announced in Dec 2022.
Who is the CEO of FREYR?
Sonia Gilde Da Silva Rathscheck is listed as CEO at FREYR.
Where is FREYR headquartered?
FREYR is based in Mo I Rana, Nordland, Norway.
How many employees does FREYR have?
FREYR is in the 251-500 employee band.
How does FREYR's funding compare to other Consumer Electronics startups?
FREYR's latest round of $265M is above the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's FREYR Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for FREYR is left off this page rather than filled in.
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