94 indexable Energy Storage Tech companies headquartered in Sweden, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $9.7B across 29 funded companies, including 2 unicorns.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Altris
Developer of sodium-ion battery technology for sustainable energy solutions |
$27.2M | — | Series B | Series B Nov 2025 | 28 | 2017 | ↑ Active |
| 2 |
Northvolt
Unicorn Manufacturer of lithium-ion batteries for electric vehicles |
$9B | $11.8B as of 2021 |
Acquired | Conventional Debt Mar 2024 | 5,000 | — | — |
| 3 |
Polarium
Unicorn Developer of battery management systems and energy storage hardware solutions |
$273.6M | $1B as of 2022 |
Series D | Series D Oct 2024 | 550 | 2015 | ↑ Active |
| 4 |
Echandia
Manufacturer of maritime battery systems engineered for heavy-duty vessel applications |
$36M | — | Series B | Series B Mar 2025 | 30 | 2009 | ↑ Active |
| 5 |
Flower
Provider of energy storage solutions |
$108.6M | — | Series A | Series A Nov 2024 | — | 2020 | ↑ Active |
| 6 |
Plagazi
Developer of technology converting non-recyclable waste into circular hydrogen |
$4.8M | — | Series A | Grant (prize money) May 2025 | 21 | 2007 | ↑ Active |
| 7 |
Tether
Provider of energy storage systems for electric vehicles |
$20K | — | Seed | Seed Jun 2025 | 2 | 2020 | ↑ Active |
| 8 |
CTEK
Provider of Electric vehicle charging solutions |
$123.1M | — | Acquired | PE Sep 2021 | 5 | 1997 | — |
| 9 |
Charge Amps
Provider of electric vehicle charging products, services, and related accessories |
$44.4M | — | Series B | Series B Apr 2022 | 1 | 2012 | — |
| 10 |
Enerpoly
Manufacturer of zinc-ion batteries |
$1.9M | — | Seed | Grant (prize money) Dec 2023 | 12 | 2018 | — |
| 11 |
Southern Lights
Green hydrogen projects assessment solution |
$1.7M | — | Seed | Seed Mar 2024 | 3 | 2022 | — |
| 12 |
Cellfion
Developer of bioenergy project |
$1.3M | — | Seed | Grant (prize money) Mar 2024 | 6 | 2020 | — |
| 13 |
Elonroad
Road-embedded EV charging infrastructure |
$5.5M | — | Funding Raised | Grant (prize money) Jan 2023 | 29 | 2014 | — |
| 14 |
Azelio
Provider of solar thermal energy generation technology |
$11.5M | — | Seed | Seed Nov 2021 | 134 | 2015 | — |
| 15 |
SaltX Technology
Saltwater based energy storage system |
$16.6M | — | Public | Grant (prize money) Jun 2020 | 12 | 2001 | — |
| 16 |
Cell Impact
Manufacturer of flow plates for hydrogen fuel cells and electrolyzers |
$20M | $291.1K as of 2024 |
Late Stage | Post IPO Oct 2020 | 118 | 1999 | — |
| 17 |
Rivus
Provider of redox flow-based energy storage solutions |
$569.8K | — | Seed | Seed Dec 2023 | 2 | 2019 | — |
| 18 |
myFC
Fuel cell technology solution provider |
$6.7M | — | Public | Post IPO Apr 2019 | 11 | 2005 | — |
| 19 |
TEXEL
Developer of energy storage and waste heat to electricity solutions |
$321.3K | — | Seed | Seed Jun 2023 | 12 | 2010 | — |
| 20 |
Qoitech
Developer of tools for low-power measurement, battery analysis, and optimization |
$551.9K | — | Seed | Seed Dec 2022 | 15 | 2017 | — |
| 21 |
Alelion Energy Systems
Manufacturer of lithium ion batteries |
$2.2M | — | Public | Conventional Debt Dec 2018 | 45 | 2006 | — |
| 22 |
Nortical
Provider of software solutions to improve battery efficiency |
$1.3M | — | Deadpooled | Seed Oct 2020 | 12 | 2019 | — |
| 23 |
Waybler
Electric vehicle charging solution |
$2.4M | — | Series A | Series A Jun 2018 | 24 | 2015 | — |
| 24 |
Insplorion
Developer of sensors for hydrogen infrastructure, production, and application |
$410K | — | Public | Post IPO Nov 2020 | 8 | 2010 | — |
| 25 |
Cling Systems
Provider of a platform for sourcing and transacting battery materials |
$2.3M | — | Seed | Seed | 7 | 2020 | — |
| 26 |
ReVibe Energy
Energy harvesting by converting vibrations into electricity |
$450K | — | Series A | Grant (prize money) Nov 2019 | 12 | 2014 | — |
| 27 |
Celcibus
Provider of hydrogen fuel storage solutions |
$399.4K | — | Seed | Dec 2020 | 6 | 2019 | — |
| 28 |
Solelia Greentech
Developer of solar banking system |
$115.2K | — | Deadpooled | Grant (prize money) Nov 2018 | 3 | 2011 | — |
| 29 |
Spira Energy
Developer of compressed air storage solution |
$56.1K | — | Funding Raised | Grant (prize money) Jan 2020 | — | 2017 | — |
| 30 |
PowerCell Sweden
Company develops and produces hydrogen electric fuel cell stacks |
— | — | Public | Post IPO Dec 2024 | 142 | 2008 | ↑ Active |
| 31 |
Catator
Developer of catalytic technologies for fuel reforming and green hydrogen solutions |
— | — | Funding Raised | Grant (prize money) Sep 2023 | — | 1988 | — |
| 32 |
Caplyzer
Electrolysis platform to generate hydrogen |
— | — | Seed | Seed Jun 2023 | — | 2022 | — |
| 33 |
Reload
Provider of plug-in charging solutions for EVs |
— | — | Seed | Seed Sep 2022 | 2 | 2021 | — |
| 34 |
Micropower Group
Manufacturer of chargers and energy storage systems |
— | — | Acquired | Grant (prize money) Apr 2010 | — | 1984 | — |
| 35 |
Aeroform
Developer of the alkaline fuel cell system |
— | — | Unfunded | — | — | 2012 | — |
| 36 |
Anodox
Provider of energy storage systems |
— | — | Unfunded | — | 1 | 2016 | — |
| 37 | BananaCharge | — | — | Deadpooled | — | 5 | 2015 | — |
| 38 |
Batixt
Developer of electrochemical impedance spectroscopy measurement technology for battery evaluation |
— | — | Unfunded | — | — | 2023 | — |
| 39 |
Batteriunion i Jarfalla
Manufacturer of traction batteries and chargers based in Jarfalla, Sweden. |
— | — | Acquired | — | 16 | 1993 | — |
| 40 |
Beakon Technologies
Developer of thermoelectric technologies. The company develops a thermoelectric chip which converts waste heat into electric energy. |
— | — | Deadpooled | — | 2 | 2005 | — |
| 41 |
Beam
Provider of green charging infrastructure and app for electric vehicles |
— | — | Unfunded | — | — | 2022 | — |
| 42 |
BEV Technology
Developer of electric vehicle chargers |
— | — | Unfunded | — | — | 2020 | — |
| 43 |
Brick
Provider of power banks |
— | — | Unfunded | — | 24 | 2019 | — |
| 44 |
Capture Energy
Provider of turnkey battery energy storage systems for flexibility markets |
— | — | Unfunded | — | — | 2023 | — |
| 45 |
Catator
Developer of catalyst for fuel-cell applications |
— | — | Unfunded | — | — | 1990 | — |
| 46 |
Cellkraft
Develops fuel cells and humidification needs |
— | — | Unfunded | — | — | 2000 | — |
| 47 |
Charge Amps
We create smart charging solutions for electric vehicles through Swedish innovation and sustainable design. |
— | — | — | — | 131 | 2012 | — |
| 48 |
ChargeFinder
Provider of an EV charging point locator app |
— | — | Unfunded | — | — | 2008 | — |
| 49 |
ChargeNet
Provider of EV charging solution |
— | — | Unfunded | — | — | 2024 | — |
| 50 |
chargenode
ChargeNode offers charging solutions for electric and hybrid vehicles. |
— | — | Private | — | 45 | 2018 | — |
Developer of sodium-ion battery technology for sustainable energy solutions. The company provides sodium-ion cathodes, electrolytes, cell designs, and factory blueprints. It offers commercial battery cells for niche applications. The company’s patented cathode manufacturing process ensures continuous output of high-quality material.
Manufacturer of lithium-ion batteries for electric vehicles. It provides solutions for new production technologies to deliver low-cost lithium-ion batteries to be used in electric and off-highway vehicles. It provides custom cells optimized for a particular application, battery system, and more.
Developer of battery management systems and energy storage hardware solutions. These products facilitate energy storage for residential, commercial, industrial, and telecommunications applications. The hardware integrates with software to manage power availability, optimize energy consumption, and support grid stability. The systems enable users to store energy for reserve power, reduce costs through peak shaving, an
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.
Provider of energy storage solutions. They offer wide range of solutions such as virtual power plant,grid balancing services,renewable energy integration and AI driven energy optimization solutions. They offer an AI powered platform to stabilizing the energy system by enhancing predictability and flexibility.
Developer of technology converting non-recyclable waste into circular hydrogen. The technology uses plasma gasification to break down waste into synthesis gas. Carbon dioxide in the syngas is captured and stored. The process produces sustainable hydrogen without burning natural gas or fossil fuels.
Provider of energy storage systems for electric vehicles
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
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.
Manufacturer of zinc-ion batteries. It develops environmentally friendly and rechargeable zinc-ion batteries for stationary energy storage solutions. Additionally, it offers non-toxic and recyclable zinc-ion batteries.
Green hydrogen projects assessment solution. It provides a SaaS based tool to design, simulate and assess economics or feasibility of hydrogen projects. It allows customers to iterate faster on project designs and increase the quality and auditability of the hydrogen projects.
Developer of bioenergy project
Europa
EIC Fund
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EIT InnoEnergy
Almi Invest
AMF
European Innovation Council
Swedish Energy Agency
Vinnova
Chalmers Ventures
Ideon Innovation
KTH Holding
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.
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