NOVO Energy
Motor Vehicle ManufacturingVästra Götaland, Sweden51-200 Employees
NOVO Energy is a motor vehicle manufacturing company based in Gothenburg, Sweden, with an estimated 51–200 employees and reported annual revenue in the range of $1 million to $10 million. The company is developing a Li-ion battery Gigafactory in Gothenburg, aiming to produce state-of-the-art batteries and to integrate with automotive partners to support electrification while limiting environmental impact. Volvo acquired NOVO Energy AB on January 29, 2025. In January 2026, the company reduced its headcount by 75 employees and reportedly placed operations into hibernation pending a partner. In April 2026, Sosa left NOVO Energy AB; he had most recently overseen engineering, procurement, and construction for the FOAK facility, a 120-person project delivering OSBL infrastructure at reportedly lower costs.
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