Sweden’s Stegra Faces Funding Crunch in Echo of Northvolt
Sweden’s Stegra Faces Funding Crunch in Echo of Northvolt
Low-carbon steel startup Stegra AB was supposed to be a champion of Sweden’s green industrial ambitions. Now the company faces a funding crunch, and is seeking up to €975 million ($1.14 billion) in new financing to cover higher than expected project costs, fund infrastructure and fill a gap left by delays to state grant support.
Author of the article:
You can save this article by registering for free here . Or sign-in if you have an account.
(Bloomberg) — Low-carbon steel startup Stegra AB was supposed to be a champion of Sweden’s green industrial ambitions. Now the company faces a funding crunch, and is seeking up to €975 million ($1.14 billion) in new financing to cover higher than expected project costs, fund infrastructure and fill a gap left by delays to state grant support.
Subscribe now to read the latest news in your city and across Canada.
Subscribe now to read the latest news in your city and across Canada.
Upgrade Your Ride with Our Reliable Navigation System
Our in-car entertainment system is designed to provide a seamless driving experience, ensuring you stay connected and focused on the road.- Eliminate navigation headaches: No more fiddling with outdated maps or getting lost in unfamiliar areas.
- Enjoy hands-free calling and connectivity: Stay in touch with loved ones and stream your favourite tunes without distraction.
- Keep your passengers entertained: Access a vast library of movies, TV shows, and games to keep everyone happy on long trips.
