Morrow Batteries

Morrow Batteries is a Norwegian battery manufacturing company founded in 2020. It specializes in the development, production, and marketing of lithium-ion battery cells. The company is building a giga-scale battery cell factory in Southern Norway, set to open in 2024, with production of commercial lithium iron phosphate (LFP) battery cells starting in 2025. Morrow aims to provide sustainable battery solutions for various applications, including energy storage systems, automotive, maritime, and industrial sectors. The company emphasizes sustainability by using 100% renewable energy in its production processes and aims for full supply chain traceability by 2030. Morrow's battery cells are designed for longevity, with LNMOx cells targeting up to 15,000 cycles. Additionally, Morrow is developing next-generation graphene-enhanced lithium-sulfur batteries to improve performance and reduce environmental impact. The company is supported by strategic partners like ABB and Siemens and has a management team with extensive expertise in battery technology. Morrow's headquarters are in Arendal, Norway, with an office in Oslo.

Electrical/electronic Manufacturing Oslo, Norway Founded 2020 ~10 employees Private · Debt Financing

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Employees
10
0% in the 3 months to Jun 2025
Revenue / employee
$500K
Revenue ~$5M
Total funding
$351M
Last round Debt Financing, Dec 2024
12-month attrition
14.5%
Tech: 0%
H1B sponsor
NA

Headcount trend

Morrow Batteries went from 5 employees in Jul 2023 to 10 in Jun 2025. Jan to Jun 2025: 0 people joined, 1 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other6
Engineering4

Funding

  • Dec 2024 · Debt Financing · $134M · Innovation Norway
  • Sep 2023 · $73.7M · A Energi, PKA Maj Invest, Nysnø Climate Investments
  • May 2022 · $106M · Siemens, ABB, Nysnø Climate Investments
  • Feb 2022 · $11.1M · Norwegian Government
  • Aug 2021 · $26M · PKA, NOAH AS, Agder Energi Venture

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Morrow Batteries FAQ

How many employees does Morrow Batteries have?

Morrow Batteries has about 10 employees, unchanged over the 3 months to Jun 2025.

What is Morrow Batteries's revenue per employee?

Morrow Batteries makes about $500K in revenue per employee, based on $5M annual revenue and 10 employees.

How much funding has Morrow Batteries raised?

Morrow Batteries has raised $351.19M in total funding; its latest round was Debt Financing in Dec 2024.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.