Best Electric Vehicles Companies in Sweden
The 109 best Electric Vehicles companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Einride.
Sweden's Electric Vehicles sector has pulled $3.3B in disclosed funding across 109 tracked companies, and that number alone tells you this isn't a peripheral market. Einride leads at $652M raised, Polestar follows at $550M, and Voi has secured $544M, three companies that collectively account for over half the sector's total capital. Two unicorns have emerged from that pool. The global EV market is expanding at a CAGR of roughly 41.2%, driven by fuel price pressure, emissions regulation, and government incentives that reward early movers. So the funding momentum here isn't speculative noise, it reflects genuine structural tailwinds.
What I find telling is where the capital is concentrating: powertrain advancement, next-generation EV platforms, and R&D-heavy bets like Heart Aerospace ($154M) and X Shore ($113M) signal that Sweden's ecosystem is building across mobility categories, not just passenger cars. App engagement backs this up, with median install growth running around 19% year-over-year across electric utilities and motor vehicle manufacturing apps. Investors like EQT, EIC Fund, and Almi Invest are showing up repeatedly, which means deal flow has institutional depth, not just early-stage enthusiasm. If you're mapping where serious EV capital is moving in Northern Europe, this directory is the starting point.
- statista.com
Our analysis of 331 Electric Vehicles companies
$42.9b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
Ranked: Best Electric Vehicles companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Einride 🦄 Provider of electric and autonomous freight transportation solutions | $652M | 3 mo ago | 571 | Linnea Falck Co-Founder | WebflowSalesforceVimeo+19 | 65 patents Autonomous freight vehicle operation, fleet management, and electric routing systems | 1 partnership |
| 2 | Polestar Manufacturer of electric cars | $550M | 4 mo ago | 2,377 | Diana Pralea CEO Office | DrupalApple iCloud MailMicrosoft 365+21 | — | 1 expansion · 1 award |
| 3 | Voi 🦄 App-based platform offering electric kick-scooter rental services | $544M | 27 mo ago | 1,000 | Adam Jafer Co-Founder | Apple iCloud MailGoogle WorkspaceRuby+21 | — | — |
| 4 | NEVS Manufacturer of electric autonomous cars | $500M | 99 mo ago | 340 | Kai Jiang Founder & CEO | WordPress Block EditorElementorWordPress+22 | — | — |
| 5 | Volta Trucks Developer of electric trucks | $386M | 39 mo ago | 13 | Carl Norden Founder | WordPressApple iCloud MailMicrosoft 365+37 | — | — |
| 6 | 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 | 28 patents Electric aircraft power distribution and thermal management systems for hybrid/electric propulsion | 1 internship |
| 7 | CTEK Provider of Electric vehicle charging solutions | $123M | 57 mo ago | 5 | Bengt Wahlqvist Founder | SentryApple iCloud MailMicrosoft 365+31 | — | — |
| 8 | X Shore Manufacturer of electric boats | $113M | 25 mo ago | 110 | Konrad Bergstrom Founder & President | StoryblokApple iCloud MailMicrosoft 365+20 | — | — |
| 9 | 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 | — | 1 launch |
| 10 | CAKE Manufacturer of electric motorbikes | $74M | 56 mo ago | 182 | Nils Ytterborn Co-Founder | Node.jsSalesforceReact+23 | — | — |
| 11 | Charge Amps Provider of electric vehicle charging products, services, and related accessories | $44M | 50 mo ago | 1 | Boel Swartling Co-Founder | WordPressMySQLRedis+31 | 13 patents EV charging connectors and sockets with integrated visual status indicators. | — |
| 12 | Legora Law Provider of electric scooters and bikes for urban transportation solutions | $36M | 23 mo ago | — | Max Junestrand Co-Founder & CEO | — | — | — |
| 13 | Vässla Developer of electric-two wheelers | $17M | 60 mo ago | 31 | — | Cart FunctionalityShopifyApple iCloud Mail+32 | — | — |
| 14 | Radinn Electric wakeboard developer | $7M | 72 mo ago | 75 | — | Cart FunctionalitySquarespace CommerceSquarespace+10 | 23 patents Electric personal watercraft propulsion, battery integration, and safety/control systems | — |
| 15 | STILRIDE Manufacturer of electric scooters | $7M | 43 mo ago | 26 | — | SanityZohoNode.js+21 | 24 patents Automated robotic sheet‑material processing and control for flexible manufacturing panels | — |
| 16 | Elonroad Road-embedded EV charging infrastructure | $5M | 41 mo ago | 29 | Kim Svedmark Co-Founder & CIO | StoryblokNode.jsRadix UI+14 | 86 patents In-road conductive power rails and control systems for dynamic vehicle charging | 2 partnerships |
| 17 | Uniti Developer of premium electric cars | $4M | 33 mo ago | 15 | Lewis Horne Founder & CEO | — | — | — |
| 18 | Elforest Technologies Electric drive system for forestry machines | $3M | 191 mo ago | 4 | Roger Gustavsson Co-Founder | — | 3 patents Advanced hydraulic powertrain and modular electro‑hydraulic energy generation for vehicles | — |
| 19 | Waybler Electric vehicle charging solution | $2M | 95 mo ago | 24 | Kurt Hognelid Co-Founder & CEO | Node.jsThree.jsBootstrap+14 | 13 patents Integrated street curbstones with built‑in EV charging and dynamic power distribution | — |
| 20 | Ellwee Manufacturer of electric ATVs | $2M | 71 mo ago | 16 | Viggo Hansson Co-Founder | — | — | — |
| 21 | Alelion Energy Systems Manufacturer of lithium ion batteries | $2M | 90 mo ago | 45 | — | WordPress Block EditorWordPressMySQL+9 | 35 patents Battery management and health monitoring for industrial vehicle and grid storage systems | — |
| 22 | Southern Lights Green hydrogen projects assessment solution | $2M | 27 mo ago | 3 | Anton Frisk Co-Founder | WordPressMySQLPHP+21 | — | — |
| 23 | Nortical Provider of software solutions to improve battery efficiency | $1M | 67 mo ago | 12 | Axel Kullander Co-Founder & CEO | — | — | — |
| 24 | Velove Bikes Cargo bicycle and green cargo transportation vehicles | $1M | 79 mo ago | 82 | Johan Erlandsson Co-Founder & CEO | WebflowSentryWistia+19 | — | — |
| 25 | Clean Motion Manufacturer platform focusing on commercial and light vehicles | $1M | 24 mo ago | 6 | — | WordPressMySQLPHP+24 | 11 patents Three‑wheel vehicle steering mechanisms and impact‑protective driver compartment designs | 1 expansion |
| 26 | Bzzt Electric auto rickshaw hailing app | $218K | 34 mo ago | 54 | — | — | — | — |
| 27 | Solelia Greentech Developer of solar banking system | $115K | 90 mo ago | 3 | Daniel Wahlberg Founder & Board Member | — | — | — |
Top 12 Electric Vehicles companies in Sweden
#1
Einride 🦄Series E · Stockholm, Stockholm County · founded 2016 · 571 employees$652.3Mraised▾
Provider of electric and autonomous freight transportation solutions. It integrate smart vehicles, AI-powered logistics software, and charging infrastructure for sustainable road freight operations. It combines autonomous vehicles, electric trucking operations, intelligent charging infrastructure, and AI-powered fleet management software into a unified logistics ecosystem. Its solutions optimize freight movement through real-time data analysis, route management, energy optimization, and operational automation, enabling businesses to reduce emissions, improve efficiency, and transition toward sustainable transportation at scale across global markets.
- Feb 2026Series E$113M
- Oct 2025Series D$100M
- Aug 2023Series C—
- May 2023Grant (prize money)$15M
#2
Public · Torslanda, Vastra Gotaland County · founded 1996 · 2377 employees$550Mraised▾
Manufacturer of electric cars. It develops two models of electric cars Polestar 1, and Polestar 2. They provide product features like Bluetooth connectivity, digital keys, app integration for settings configuration, an in-built infotainment system with google apps, speech recognition technology, rear, and front axle electric motors, and more.
- Feb 2026Post IPO$400M
- Jun 2025Post IPO$200M
- Feb 2024Conventional Debt$950M
- Nov 2022Conventional Debt$1.6B
#3
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
#4
Voi 🦄Series D · Stockholm, Stockholm County · founded 2018 · 1000 employees$544.3Mraised▾
App-based platform offering electric kick-scooter rental services. It provides a mobile app that allows users to find and rent electric kick scooters nearby. The users can unlock the kick scooters through a QR code and after riding they can park it at any valid place. The mobile application is available for iOS users.
- Mar 2024Series D$25M
- Mar 2024Conventional Debt—
- Dec 2021Series D$115M
- Aug 2021Series C$45M
#5
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
#6
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
#7
Funding Raised · Stockholm, Stockholm County$36Mraised▾
Provider of electric scooters and bikes for urban transportation solutions. The company develops electric scooters and bikes designed for use in urban environments. These products enable users to address last mile transportation needs. The company's offerings provide a low carbon transportation alternative.
#8
Series C · Stockholm, Stockholm County · founded 2019 · 13 employees$386Mraised▾
Developer of electric trucks. The company manufactures electric trucks with features like 160-200 kWh battery size, 8,600 kg payload, biodegradable and vegan body construction, low driver cabins, electrified fleets, drivetrains, and more.
- Mar 2023Grant (prize money)$15.9M
- Nov 2022Series C$62.3M
- Feb 2022Series C$260M
- Sep 2021Series B$43.7M
#9
Acquired · Trollhattan, Vastra Gotaland County · founded 2012 · 340 employees$500Mraised▾
Manufacturer of electric autonomous cars. The company is involved in the design and development of an electric autonomous car named 'Sango' for city needs which have six movable seats and are fitted with privacy walls. Users can divide the vehicle interior into four smaller areas for private journeys. It also provides industrial services like automotive engineering, contract manufacturing, testing, and related services.
- Mar 2018PE$500M
- Nov 2017Grant (prize money)$3M
- Jan 2017Grant (prize money)$2.7M
- Jan 2017Grant (prize money)$455.3K
#10
Acquired · Vikmanshyttan, Dalarna · founded 1997 · 5 employees$123.1Mraised▾
Manufacturers of EV chargers and these chargers are majorly used for charging automotive batteries. .Since its founding, CTEK has sold about 6,2 million battery chargers in 70 countries around the world. The company provides battery chargers to a number of the world’s leading automobile manufacturers like Alfa Romeo, Arctic Cat, Audi, Bentley, BMW, Corvette, Ferrari, Lamborghini, Lexus, Maserati, Maybach, Rolls-Royce, Scania and Yamaha among others.Armada Mezzanine Fund had provided mezzanine financing in support of the Altor Fund's acquisition of CTEK Creator Group from FSN Capital in August, 2011.
- Sep 2021PE$123.1M
- Sep 2019Conventional Debt—
- 2011Conventional Debt—
#11
Acquired · Stockholm, Stockholm County · founded 2016 · 182 employees$74Mraised▾
Manufacturer of electric motorbikes. Its bikes come equipped with a 15kW electric motor and a 50Ah Lithium battery pack that can provide a traveling range of 80 km per charge. As per the company's claim, its bikes can offer a maximum speed of over 75 km/h. The company also distributes bike components, spare parts, and charging equipment.
- Sep 2021Series B$60M
- Sep 2019Series A$14M
#12
Series B · Solna, Stockholm County · founded 2012 · 1 employees$44.4Mraised▾
Provider of electric vehicle charging products, services, and related accessories. The company develops user-friendly charging solutions for homes, businesses, and public spaces. Product offerings include chargers, cables, mounting equipment, and monitoring devices. Services encompass cloud-based management, connectivity solutions, and certified installation support.
- Apr 2022Series B$15.9M
- Mar 2021Series B$15.3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Electric Vehicles 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.