European Tech Dream Stumbles: What Went Wrong with Northvolt and…

Team S · 2024-11-18T07:55:53.000Z

The European Union’s ambition to lead in green tech and innovation has hit a wall with the troubles facing two of its most prominent startups: Northvolt, the battery manufacturing giant, and Lilium, the electric vertical take-off and landing (eVTOL) pioneer. Both companies have been hailed as symbols of Europe's technological progress, receiving substantial public funding and private investments. Yet, they are now grappling with financial crises that expose the fragile foundation of Europe’s tech ambitions. https://www.newnex.io/blogs/startups/european-tech-dream-stumbles-what-went-wrong-with-northvolt-and-lilium-their-public-funding-and-the-broader-context

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European Tech Dream Stumbles: What Went Wrong with Northvolt and… | Newnex