Area of interest: Cleantech
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SeaPattern raises 8 MSEK
(Linköping, enhances electricity generation in hydropower plants): Has raised 8 MSEK in a funding round from Norrsken Launcher with members Erik Engellau-Nilsson, Anna Fredrixon, Fredrik Jung Abbou, and founding member Ash Pournouri. “We will first establish a strong presence in Sweden, Norway, and Finland, and then expand into Europe. After that, the plan is to…
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Echandia raises 220 MSEK
(Stockholm, develops battery systems for ferries, navy vessels, and other maritime applications): Has raised 220 MSEK in a funding round from Alantra’s Klimat fund, Industrifonden with member Peter Wolpert, SEB Greentech VC, and Japan’s EEI. “Our revenues grew fourfold in 2024 compared to 2023, and with our current sales pipeline, we expect our revenues to…
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Recarber raises 60 MSEK
(Stockholm, a platform for capturing and storing carbon dioxide – and selling credits to large corporations): Has raised 60 MSEK in a funding round from Luminar Ventures with members Louise Hagen and Magnus Bergman, Spintop Ventures with member Peter Carlsson, and Course Corrected with members Christine Ahlstrand and Kerstin Cooley. “We hope to bring our first project to an investment decision early next year. It will likely involve either a combined heat and power plant or…
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Vaja raises 4.35 MSEK
(Stockholm, wind-adaptive technology for solar parks): Has raised 4.5 MSEK in a funding round from Node.vc with founding member John Elvesjö and members Daniela Sjunnesson, Rebecca Sjödin, Mårten Skogö, Henrik Tellving, and Andy Johnston. “We have a humble ambition to revolutionize the global solar park market,” comments Henrik Eskilsson.
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Cetasol raises 2 MEUR
(Gothenburg, AI-powered energy optimization solutions for marine sustainability): Has raised 2 MEUR in a funding round from Sarsia, ShipsFocus and Impact X Capital. Early investors in Cetasol include member Daniel Rundgren. Cetasol’s platform is an AI-driven decision support system to reduce emissions through energy optimization. It’s compatible with any vessel, offering actionable insights and real-time support.
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Photoncycle raises 5 MEUR
(Oslo, is developing a space-effective and autonomous energy system powered by the sun): Has raised 5 MEUR in a funding round from Lifeline Ventures, Momentum Partners, Eviny Ventures and Luminar Ventures with members Magnus Bergman and Louise Hagen. “The team’s groundbreaking work in energy storage has the potential to revolutionize how we approach renewable energy, making European households energy self-sufficient,” comments Jacob Key, Founding Partner…
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DREV raises 8 MSEK
(Gothenburg, specializes in manufacturing contamination control solutions for battery factories and its value chains): Has raised 8 MSEK in a funding round from Unconventional Ventures with members Nora Bavey and Thea Messel. “DREV’s innovative approach to battery manufacturing safety and material recovery will not only redefine industry standards but also make a significant impact on environmental sustainability,” comments Nora Bavey.
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CemVision raises 110 MSEK
(Stockholm, re-inventing cement by making it environmentally friendly and technically superior): Has raised 110 MSEK in a funding round from Zacua Ventures, Polar Structure with member Tobias Emanuelsson and BackingMinds with founding member Susanne Najafi. “After meeting investors from around the world, we concluded that some of the best is just around the corner, and we are pleased that Polar Structure and BackingMinds are deepening their commitment…
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Airpelago raises 20 MSEK
(Gothenburg, inspection of electrical grids with the help of electric drones): Has raised 20 MSEK in a funding round from existing investors, including founding member Marcus Boström and VEQ with members Viktor Gällström and Maria Bergsten. Last year, Airpelago inspected about 10 percent of Sweden’s total electrical grid, or approximately 15,000 kilometers of power lines. This year, they expect to more than…
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Stilride raises 11 MSEK
(Stockholm, manufactures electric scooters with the unique process of industrial origami): Has raised 11 MSEK in a funding round from undisclosed investors. Early investors in Stilride include member Tobias Emanuelsson. Stilride was valued at 440 MSEK in the round.
