Best Aerospace, Maritime and Defense Tech Companies in Sweden
The 105 best Aerospace, Maritime and Defense Tech companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Heart Aerospace.
Sweden's Aerospace, Maritime and Defense Tech sector has 105 tracked companies and $532M in disclosed funding, and that number tells you something real: this is a capital-intensive field where a handful of bets carry serious weight. X Shore leads the directory at $113M raised, with Candela close behind at $94M and Echandia at $36M. Those three alone account for roughly 45% of the sector's total disclosed pool. So where's the rest? Spread thin across early-stage players, many backed by ESA BIC Sweden, Almi Invest and the EIC Fund. The global market these companies are competing in sits at approximately $1076.6B, forecast to grow at a 5.9% CAGR through 2027, driven by rising defense investment and accelerating EV powertrain development on the maritime side.
I'd flag the digital engagement signal too. Median install growth across 68 aerospace, maritime and defense apps is running at roughly +15% YoY, which suggests operator-level interest is building beyond just the hardware story. Geopolitical alliances and EV platform advances are reshaping procurement priorities fast, and Sweden's companies are positioned right at that intersection of naval electrification and autonomous systems. The directory below ranks these firms by disclosed equity funding and recent momentum, giving you a grounded view of who's actually capitalised to compete.
- prnewswire.com
Our analysis of 50 Aerospace, Maritime and Defense Tech companies
$31.9b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Aerospace, Maritime and Defense Tech companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Heart Aerospace Developer of electric aircraft for regional air travel and transport | $154M | 28 mo ago | 130 | Anders Forslund Co-Founder & CEO | WordPressApple iCloud MailMicrosoft 365+25 | Top 5M | 28 patents Electric aircraft power distribution and thermal management systems for hybrid/electric propulsion | 1 internship |
| 2 | X Shore Manufacturer of electric boats | $113M | 25 mo ago | 110 | Konrad Bergstrom Founder & President | StoryblokApple iCloud MailMicrosoft 365+20 | Top 5M | — | — |
| 3 | Candela Manufacturer of hydrofoiling electric boats and ferries for water transport | $94M | 3 mo ago | 400 | Gustav Hasselskog Founder & CEO | WordPressApple iCloud MailMicrosoft 365+28 | Top 5M | — | 1 launch |
| 4 | Arcam Additive Manufacturing for Implants and Aerospace, EBM | $72M | 130 mo ago | 90 | — | — | — | 532 patents Electron-beam metal additive manufacturing, focusing on alloy microstructure and process control. | — |
| 5 | Echandia Manufacturer of maritime battery systems engineered for heavy-duty vessel applications | $36M | 15 mo ago | 30 | — | WordPressMySQLPHP+23 | Top 5M | — | 4 launchs |
| 6 | Mapillary Crowdsourced photo mapping service | $25M | 78 mo ago | 33 | — | DiscourseApple iCloud MailRuby+14 | Top 500k | 18 patents AI-based street-level image modeling and navigation for mapping | 5 launchs |
| 7 | CybAero Develops and manufactures unmanned helicopters | $9M | 139 mo ago | 35 | — | WordPress Block EditorWordPressMySQL+14 | Top 50M | 9 patents VTOL aircraft landing gear and autonomous pilot‑controlled landing systems | — |
| 8 | AAC Clyde Space Provider of diverse space components along with services | $9M | 6 mo ago | 187 | — | WordPressMySQLPHP+24 | Top 5M | — | — |
| 9 | Everdrone Operator of drone systems delivering medical equipment and situational awareness | $5M | 3 mo ago | — | Mats Sallstrom CEO | WordPressApple iCloud MailGoogle Workspace+17 | Top 50M | 17 patents UAV sensor calibration and perception, focusing on stereo vision altitude measurement and validation | — |
| 10 | Deep Forestry Provider of autonomous drone surveys and AI-driven forest data analysis | $4M | 1 mo ago | 6 | William Johnsson Co-Founder | WebflowGSAPcore-js+13 | Top 50M | 20 patents Autonomous forest harvesting robotics and AI-generated 3D object labeling/mapping solutions | — |
| 11 | Cetasol Provider of AI-powered solutions for maritime energy optimization and fuel monitoring | $3M | 8 mo ago | — | Ethan Faghani Founder & CEO | WordPressMySQLPHP+33 | Top 10M | 8 patents Marine hybrid propulsion control and virtual fuel consumption measurement systems | 1 launch · 1 partnership |
| 12 | Qtagg Provider of maritime fuel management systems | $2M | 55 mo ago | 13 | — | WordPressPleskMySQL+20 | Top 10M | — | — |
| 13 | Globhe Provider of drone data and marketplace connecting operators with clients | $2M | 45 mo ago | 21 | Helena Samsioe Founder & CEO | WebflowSentryLeadfeeder+20 | Top 10M | — | 1 partnership |
| 14 | Unibap Develops vision based robot navigation systems | $1M | 43 mo ago | 36 | Johan Aman CEO | WordPressMySQLPHP+22 | Top 10M | 15 patents Industrial robot inspection, measurement, and cell configuration systems for automated quality control | 1 partnership |
| 15 | Remos Developer of software-defined modems and ground station solutions for satellite communications | $1M | 10 mo ago | — | Petter Lindberg Co-Founder and COO | — | — | — | 2 launchs · 1 partnership |
| 16 | Spotscale 3D reconstruction of buildings | $1M | 110 mo ago | 14 | Jonas Lindqvist Founder | TurbopackNode.jsTailwind CSS+11 | Top 50M | — | — |
| 17 | SmartPlanes Drones for beyond visual line of sight (BVLOS) operations | $560K | 141 mo ago | 3 | Olle Hagner Founder | — | — | — | — |
| 18 | AIROLIT Manufacturer of tethered UAVs for multiple applications | $408K | 31 mo ago | 12 | Claes Svensson CEO | WordPressMySQLPHP+15 | Top 10M | — | 1 job opening · 1 partnership |
| 19 | IBG Aero Provider of air traffic management solutions, airspace design, and aviation services | $194K | 41 mo ago | — | Ulf Rudebark CEO/External Signatory | — | — | — | 1 job opening |
| 20 | Nordluft Provider of solutions to enable drone logistics for heavy payloads | $170K | 72 mo ago | 3 | Elof Winroth Founder | — | — | — | — |
Top 12 Aerospace, Maritime and Defense Tech companies in Sweden
#1
Acquired · Stockholm, Stockholm County · founded 2014 · 400 employees$94Mraised▾
Manufacturer of hydrofoiling electric boats and ferries for water transport. The company is pioneering the future of waterborne public transport with electric hydrofoil ferries that combine zero emissions, high speed, and exceptional energy efficiency.
- Mar 2026Series D$32M
- Aug 2025Series C$8.1M
- Nov 2024Series C$14M
- Mar 2024Series C$26.7M
#2
Seed · Uppsala, Uppsala County · founded 2018 · 6 employees$4Mraised▾
Provider of autonomous drone surveys and AI-driven forest data analysis. It offers automated forest assessments, providing tree measurements. The system delivers insights for forest management, biodiversity tracking, and environmental reporting. The drone navigates under the canopy, scanning trees and uploading data. AI analyzes tree height, diameter, volume, species, and health.
- May 2026Seed$3.5M
- Sep 2022Grant (prize money)$332.7K
- Apr 2020Grant (prize money)$54.3K
- Jan 2020Grant (prize money)$56.1K
#3
Public · Uppsala, Uppsala County · founded 2005 · 187 employees$9Mraised▾
Manufacturer of spacecraft. It develops cube and small satellites for the government, commercial, and educational organizations. It also offers multiple custom satellite components, such as sensors, command and handling devices, batteries, EPS, solar array, structures, and propulsion systems. It also offers space mission planning and launching services.
- Dec 2025Post IPO$15M
- Dec 2025Grant (prize money)$499.8K
- Jul 2022Grant (prize money)$498K
- Jun 2019Post IPO$9M
#4
Series A · Askim, Vastra Gotaland · founded 2017$4.9Mraised▾
Operator of drone systems delivering medical equipment and situational awareness. The company provides real-time situational understanding to emergency teams. It delivers essential medical supplies, such as AEDs and anti-bleeding kits. The system assesses responsiveness and expedites emergency services. It conducts gap analysis and simulations of drone flights. The company focuses on emergency response framework and immediate interventions.
- Mar 2026Series A$3.8M
- Mar 2024Seed$1.1M
#5
Series B · Solna, Stockholm County · founded 2009 · 30 employees$36Mraised▾
Manufacturer of maritime battery systems engineered for heavy-duty vessel applications. These systems are designed for safety, durability, and optimized performance in demanding maritime environments. The battery systems handle rapid charging, high power peaks, and numerous cycles without degradation. They offer long lifecycles and are suitable for various vessels, including ferries and naval ships.
- Mar 2025Series B$34M
- Aug 2018Grant (prize money)$1.4M
- Sep 2016Grant (prize money)$533.8K
- Jan 2016Grant (prize money)$44.1K
#6
Series B · Lidingo, Stockholm County · founded 2016 · 110 employees$113.1Mraised▾
Manufacturer of electric boats The company develops various models of electric boats with features like electric motors, lithium-ion battery capacity, touchscreens, remote keys, and anti-theft solutions.
- Apr 2024Series B$9.1M
- Apr 2023Series B$28.9M
- Apr 2022Series B$50M
- Apr 2021Series A$17.8M
#7
Series B · Gothenburg, Vastra Gotaland County · founded 2018 · 130 employees$154.2Mraised▾
Developer of electric aircraft for regional air travel and transport. The company focuses on creating electric airplanes with zero operational emissions for short routes. It designs aircraft to operate on shorter runways, enabling access to smaller airports. The company aims to reduce door-to-door travel times and total operating costs.
- Feb 2024Series B$107M
- Jun 2023Grant (prize money)$252.5K
- Nov 2022Grant (prize money)$51.8K
- Sep 2022Series A$10M
#8
Seed · Gothenburg, Vastra Gotaland County · founded 2021$2.7Mraised▾
Provider of AI-powered solutions for maritime energy optimization and fuel monitoring. It offers iHelm, a system using AI to analyze vessel data for real-time operational recommendations, leading to reduced fuel consumption and emissions. A complementary product, CetaFuel, provides virtual fuel reading, accurately measuring fuel usage without requiring additional sensors. These solutions support voyage optimization, speed optimization, and regulatory compliance reporting, benefiting fleet management, crew, and business owners. The platform adapts to various vessel types and engine configurations, requiring minimal additional hardware.
- Sep 2025Seed$2.7M
#9
Seed · Lulea, Norrbotten County · founded 2021$1.1Mraised▾
Developer of software-defined modems and ground station solutions for satellite communications. The company provides software solutions for managing satellite communications, replacing traditional hardware. Products include modems, expedite, hasten, cloudwave, and ground stations. The software is compatible with various satellites and offers flexible licensing options.
- Aug 2025Seed—
- Mar 2025Seed$1.1M
#10
Acquired · Molndal, Vastra Gotaland County · founded 1997 · 90 employees$72.4Mraised▾
Arcam developed Additive Manufacturing technology for metal called Electron Beam Melting (EBM). It mainly serves aerospace and medical industries. Their products include Arcam Q10plus for orthopaedic implant manufacturing, Arcam Q20plus & Arcam A2X for aerospace components manufacturing. They also supply metal powders compatible with their machines. It went public in 2012.
- Aug 2015Grant (prize money)$1.8M
- Dec 2013Post IPO$52.9M
- Jun 2013Post IPO$8.7M
- May 2013Post IPO$9M
#11
Acquired · Malmo, Skane County · founded 2013 · 33 employees$24.6Mraised▾
Mapillary is a crowdsourced photo mapping service that enables users to capture photos of their surroundings and share it on the platform and explore. Pictures posted using the Mapillary app provides a street-level view of the places on a map interface. Mapillary monetizes by charging businesses and organizations by multiple subscription plans for various features such as extracting geographical data, embedding software into sites, and resell photos.
- Dec 2019Grant (prize money)$756.2K
- Apr 2018Series B$15M
- Oct 2016Grant (prize money)$28.1K
- Mar 2016Series A$8M
#12
Public · Linkoping, ostergotland County · founded 2003 · 35 employees$9.1Mraised▾
CybAero develops and manufactures unmanned helicopters, known as UAVs (Unmanned Aerial Vehicles), for an international market. The company develops Remotely Piloted Aircraft Systems (RPAS), consisting of remotely piloted helicopters, ground stations, sensors and data links. The systems can be adapted to the specific needs of each client and can be used for civilian applications, such as coastal and border surveillance and search and rescue missions, as well as for defense applications such as mapping. CybAero delivers its systems directly to end users or to strategic partners.
- Nov 2014Post IPO$6.1M
- Dec 2012Post IPO$3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Aerospace, Maritime and Defense Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.