Best Sustainability Tech Companies in Sweden
The 391 best Sustainability Tech companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Northvolt.
Sweden's Sustainability Tech sector has a funding story worth knowing: 391 companies tracked, $10.8B in total disclosed capital, and two unicorns anchoring the list. This directory ranks the best Sustainability Tech companies in Sweden by disclosed equity funding and recent momentum, and the numbers make the pecking order obvious fast. Northvolt alone accounts for $9.0B of that pool. That's not a rounding error — it's a structural fact about where capital concentrated. Aira follows at $159M, CorPower Ocean at $76M, with Exeger, Paebbl, and Renasens rounding out the top tier.
The global market context sharpens the picture. According to MarketsandMarkets, the sector was valued at roughly $16.2B in 2022 and is forecast to reach $122.7B by 2032, a 23.8% CAGR that reflects genuine structural demand, not hype cycles. Hot themes right now skew heavily toward EV battery technology and next-generation EV platforms, which maps neatly onto where Swedish capital has flowed. As shown in 2020 research, green technology adoption correlates with measurable economic decarbonization outcomes, which is the policy tailwind you want behind a sector this capital-intensive. One real friction point: the absence of unified green technology regulation creates uneven conditions across markets, and that's a risk any serious investor here has to price in.
- ResearchAndMarkets.com
Our analysis of 293 Sustainability Tech companies
$38.4b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Sustainability Tech companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Northvolt 🦄 Manufacturer of lithium-ion batteries for electric vehicles | $9.0B | 27 mo ago | 5,000 | — | Harald Mix Co-Founder | 107 signals ▼33% Acquisition · Hiring · Funding | 581 patents Patents concentrated in chemistry & materials | — |
| 2 | Polarium 🦄 Developer of battery management systems and energy storage hardware solutions | $274M | 20 mo ago | 550 | 2015 | Stefan Jansson Founder | — | — | 1 partnership |
| 3 | Tibber Provider of a digital platform for electricity consumption management and insights | $177M | 51 mo ago | 61 | 2016 | Edgeir Aksnes Co-Founder & CEO | — | — | 1 job opening · 5 partnerships |
| 4 | Aira Provider of heat pumps solution for energy efficiency | $159M | 10 mo ago | — | 2022 | Martin Lewerth CEO | — | — | 1 launch · 2 partnerships · 1 award |
| 5 | Svea Solar Provider of app-based solar battery storage and energy consumption monitoring solutions | $107M | 48 mo ago | — | 2014 | Nolan Gray Co-Founder | — | — | 1 partnership |
| 6 | Syre Provider of textile-to-textile recycling solution | $100M | 26 mo ago | — | 2023 | Susanna Campbell Co-Founder | 5 signals ▲67% Contracts · Capital raise | — | 1 job opening · 1 partnership · 2 awards |
| 7 | CorPower Ocean Wave energy converter solutions provider | $76M | 0 mo ago | 69 | 2009 | Patrik Moller Co-Founder & CEO | 3 signals Funding · Contracts | 21 patents Vibrating pile wave-energy converters and associated power‑electronics transformation systems | 1 job opening |
| 8 | Doconomy Provider of banking tools integrating behavioral science and climate impact data | $73M | 24 mo ago | 78 | 2018 | Mathias Wikstrom Co-Founder & CEO | — | 5 patents Carbon accounting and climate impact analytics integrated into financial transaction processing systems. | 1 partnership |
| 9 | Orbital Systems Provider of a smart water recycling shower system | $55M | 45 mo ago | 64 | 2012 | — | — | 260 patents Water recycling and filtration systems for closed-loop residential/industrial use | 1 launch |
| 10 | Normative SaaS-based platform to measure sustainability performance | $45M | 46 mo ago | 175 | 2014 | Adam Esega Co-Founder | — | — | 1 job opening · 1 partnership |
| 11 | Exeger Manufacturer of solar cells | $45M | 6 mo ago | 160 | 2009 | Giovanni Fili Founder & CEO | — | — | — |
| 12 | SunRoof Manufacturer of solar roof tiles or building integrated photovoltaic tiles | $39M | 40 mo ago | 132 | 2013 | Martyn Szczepankowski Co-Founder | — | — | 2 partnerships |
| 13 | Paebbl Manufacturer of carbon-storing supplementary cementitious material for the construction industry | $33M | 5 mo ago | 4 | 2021 | Marta Sjögren Co-Founder | — | 13 patents Continuous high‑pressure flow reactors for carbonization and solid‑fluid microreactor processes | 3 launchs · 2 partnerships |
| 14 | ClimateView Provider of data-informed decisions for the public and private sector | $32M | 36 mo ago | 67 | 2017 | — | — | 3 patents Computational modeling and scoring of climate plans for policy analytics | 1 partnership |
| 15 | Minut Developer of security sensor for residential buildings | $31M | 30 mo ago | 46 | 2014 | — | — | 12 patents Sensor replacement and audio event detection for IoT and communication networks | 2 launchs · 2 partnerships |
| 16 | Chromafora Developer of water treatment technologies for removing contaminants and extracting metals | $23M | 17 mo ago | 19 | 2008 | — | — | 24 patents PFAS water remediation and tertiary phosphine oxide conversion processes | 1 job opening |
| 17 | Eliq Provider of energy monitoring solution | $21M | 30 mo ago | 53 | 2010 | Joakim Sandnes Co-Founder | — | — | — |
| 18 | Epishine Developer and provider of solar modules | $19M | 8 mo ago | 52 | 2016 | Jonas Bergqvist Co-Founder & CTO | — | 40 patents Advanced laminated photovoltaic modules and manufacturing processes for high-efficiency solar panels | — |
| 19 | Ekolution Manufactures, sells, and develops hemp building materials | $16M | 20 mo ago | 5 | 2015 | Remi Loren Founder | — | — | — |
| 20 | Greenely Provider of an application that connects and optimizes home energy consumption | $16M | 22 mo ago | — | 2014 | Fredrik Hagblom Co-Founder & Head Of Operations | — | — | 1 partnership |
| 21 | Meva Energy Provider of solutions for energy generation from gasification of biofuel | $13M | 7 mo ago | 43 | 2008 | — | — | 26 patents Tar‑laden gas stream purification and biochar cleaning for biomass gasification processes | 1 expansion |
| 22 | Fever Energy Provider of a virtual power plant platform | $12M | 28 mo ago | 8 | 2022 | Ruben Flam Co-Founder & CMO | — | — | — |
| 23 | Midsummer Manufacturer of thin, light, and flexible solar panels for various roofs | $12M | 14 mo ago | 96 | 2004 | — | — | 12 patents CIGS thin‑film solar cell manufacturing and recycling of copper‑indium‑gallium‑selenide materials | 1 partnership |
| 24 | Modvion Provider of modular wind towers using composite materials | $12M | 40 mo ago | 47 | 2015 | — | — | 58 patents Manufacturing laminated wood composite rotor blades and wind turbine tower components. | 1 award |
| 25 | ZeroPoint Technologies Provider of energy consumption management system | $12M | 24 mo ago | 21 | 2016 | Per Stenstrom Co-Founder | — | — | — |
| 26 | Plexigrid Provider of software solutions for efficient management of electricity distribution networks | $12M | 27 mo ago | 28 | 2019 | Alberto Méndez Rebollo Chief Executive Officer | — | — | 1 expansion |
| 27 | Renasens Developer of textile recycling technology that transforms blended textiles into fibers | $12M | 2 mo ago | — | 2022 | Jade Bouledjouidja Founder & CEO | — | 4 patents Textile recycling: dye removal and fiber separation from blended fabrics | 1 job opening |
| 28 | TRINE Crowd funding company for solar projects | $9M | 25 mo ago | 27 | 2015 | Christoffer Falsen Founder & head of strategic projects | — | — | 2 job openings |
| 29 | Cellevate Developer of nanofiber-based cell culture products for upstream bioprocessing | $7M | 21 mo ago | 20 | 2014 | Maximilian Ottosson Founder & COO | — | 14 patents Nanofibrous scaffolds enabling industrial-scale cell and viral biomanufacturing | — |
| 30 | Myrspoven Provider of AI-driven energy optimization solutions for commercial buildings | $6M | 28 mo ago | 47 | 2017 | Anders Kallebo Co-Founder & CEO | — | — | 1 launch |
| 31 | Bower Provider of reward-based recycling solutions | $6M | 31 mo ago | 30 | 2020 | Suwar Mert Founder & CEO | — | — | — |
| 32 | Blixt Developer of programmable power infrastructure for electrical distribution systems | $5M | 26 mo ago | 8 | 2018 | Jan Johansson Co-Founder | — | — | 1 partnership |
| 33 | DREM Installer of air-water, air-air, exhaust air, and geothermal heat pumps | $5M | 19 mo ago | 16 | 2022 | Hannes Palm COO and Co-founder | — | — | — |
| 34 | Plagazi Developer of technology converting non-recyclable waste into circular hydrogen | $5M | 12 mo ago | 21 | 2007 | — | — | 37 patents Sustainable fuel synthesis and waste-to-chemical resource recovery technologies. | — |
| 35 | Deedster Provider of solutions to monitor carbon footprint | $5M | 24 mo ago | 19 | 2016 | Daniel Dellham Co-Founder & CTO | — | — | — |
| 36 | Arkion AI-powered asset analytics solution for power grid | $4M | 23 mo ago | — | 2019 | David Wickstrom Co-Founder | — | — | — |
| 37 | Qurrent Provider of energy solutions for energy grid and their utility | $4M | 11 mo ago | — | 2022 | Mats Lindelow Co-Founder & CEO | — | — | 1 launch |
| 38 | Amferia Developer of an anti-infective technology | $3M | 6 mo ago | 7 | 2018 | Anand Rajasekharan Co-Founder & CEO | — | 37 patents Advanced wound-care devices, bioactive dressings, and endotoxin‑neutralizing biomaterials | — |
| 39 | Tiptapp Mobile app-based marketplace for selling household wastes and second-hand goods | $3M | 21 mo ago | 19 | 2016 | Tim Bjelkstam CEO & Co-founder | — | — | — |
| 40 | RECOMA Provider of sustainable and recyclable construction boards | $3M | 14 mo ago | — | 2021 | Max Rosenberg Founder | — | — | — |
| 41 | Avidicare Provider of ventilation systems designed for infection control in healthcare | $3M | 12 mo ago | — | 2010 | Peter Hojerback CEO | — | 23 patents Cleanroom and medical air supply/ventilation system design and control | — |
| 42 | Minesto Developer of subsea kite systems designed to generate electricity from tides | $2M | 28 mo ago | 59 | 2007 | — | 11 signals ▲120% Announcements · Funding · Leadership | 142 patents Patents concentrated in mechanical & energy engineering | 1 award |
| 43 | Thioredoxin Systems Developer of antibiotics against pathogenic bacteria | $2M | 19 mo ago | 5 | 1994 | Arne Holmgren Founder | — | 17 patents Antimicrobial formulations combining silver ions with selenium/ebselen compounds | — |
| 44 | Gedea Biotech Provider of therapeutics for treating vaginal microbial infections | $2M | 27 mo ago | 3 | 2015 | Sophie Manner Co-Founder | — | 84 patents Vaginal drug delivery formulations and gluconic acid antifungal agents for gynecological infections | 1 partnership |
| 45 | Fifty Energy Provider of an AI platform for energy and capacity optimization | $2M | 9 mo ago | — | 2023 | Clement Lavollé Co-Founder and CTO | — | — | — |
| 46 | Enjay Produces energy from waste gas of restaurant ventilation | $935K | 9 mo ago | 19 | 2015 | Nils Lekeberg Founder | — | 28 patents Battery-powered and self-cleaning ventilation system components for HVAC applications | — |
| 47 | Mimbly Provider of water-saving laundry solutions for commercial clients | $900K | 7 mo ago | 26 | 2017 | Isabella Palmgren Founder & CEO | — | 33 patents Advanced water reclamation systems with filtration, turbine cleaning, and quality monitoring | 1 launch |
| 48 | LayerLogic Developer of biosensing technology for rapid bacteria, virus, fungi, detection | $541K | 12 mo ago | — | 2023 | Avgust Yurgens Co-Founder | — | 2 patents Scalable manufacturing of graphene materials for large‑area electronic and composite applications | — |
| 49 | Adsorbi Developer of cellulose-based adsorbent material for capturing gaseous air pollutants | $389K | 16 mo ago | 6 | 2022 | Kinga Grenda Chief Technology Officer and co-founder | — | 4 patents Porous adsorbent materials for capturing gaseous pollutants and volatile organic compounds. | 1 launch |
| 50 | NODA SaaS-driven energy management solution for commercial spaces | $188K | 12 mo ago | 11 | 2005 | Tatiana Brandt Chief Executive Officer | — | — | — |
Top 12 Sustainability Tech companies in Sweden
#1
Series B · Stockholm, Stockholm County · founded 2009 · 69 employees$75.7Mraised▾
Wave energy converter solutions provider. It has developed a point absorber with a heaving buoy on the surface which absorbs energy from the combined surge and heavy motion of the waves.
- Jul 2025Series B—
- Feb 2025Grant (prize money)$2.6M
- Feb 2025Series B$15.7M
- Oct 2024Series B$35M
#2
Series B · Stockholm, Stockholm County · founded 2009 · 160 employees$45.1Mraised▾
Manufacturer of solar cells. It offers a proprietary material that improves the performance of the cell. It also uses technology which uses light-sensitive dye to collect energy like photosynthesis.
- Dec 2025Grant (prize money)$13.8M
- Apr 2025Series B$15.1M
- Mar 2023Series B—
- May 2021Conventional Debt$20M
#3
Series C · Stockholm, Stockholm County · founded 2022$158.8Mraised▾
Provider of heat pumps solution for energy efficiency. It offers air-source heat pumps for residential heating. It delivers innovative and affordable clean energy-tech solutions to accelerate the electrification of residential heating.
- Aug 2025Series C$174.6M
- Jun 2024Conventional Debt$217.3M
- Jan 2024Series B$158.8M
#4
Series A · Stockholm, Stockholm County · founded 2021 · 4 employees$32.9Mraised▾
Manufacturer of carbon-storing supplementary cementitious material for the construction industry. The company’s technology accelerates mineralisation to turn captured carbon dioxide into a stable mineral powder. This material reduces embodied carbon and permanently locks carbon dioxide into the built environment. The product is deployed in construction projects.
- Dec 2025Grant (prize money)$4.7M
- Oct 2024Series A$25M
- Oct 2022Seed$7.9M
#5
Seed · Stockholm, Stockholm County · founded 2022$11.6Mraised▾
Developer of textile recycling technology that transforms blended textiles into fibers. The technology uses a waterless process that consumes less energy. It avoids depolymerization, maintaining fiber quality. The technology is scalable and modular, designed for large-scale commercialization.
- Mar 2026Seed$11.6M
#6
Acquired · Stockholm · 5000 employees$9Braised▾
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.
#7
Series A · Linkoping, ostergotland County · founded 2016 · 52 employees$19.4Mraised▾
Developer and provider of solar modules. The solar cells produced can be printed on recyclable plastic. It offers a tool that converts indoor light into a power source. The solar cells can be integrated into devices and applications, in sectors such as retail, smart buildings, and consumer electronics.
- Oct 2025Grant (prize money)$3.5M
- Jul 2023Series A$5.5M
- Sep 2022Grant (prize money)$2.4M
- Jul 2021Grant (prize money)$59.4K
#8
Series A · Gothenburg, Vastra Gotaland County · founded 2008 · 43 employees$13Mraised▾
Provider of solutions for energy generation from gasification of biofuel. It provides a technology solution for the conversion of solid biomass to heat and power. The process includes a fuel handling system, a cyclone gasifier, a gas cleaning system based on bio-oil scrubbing, a wet electric precipitator, and a gas engine with a generator.
- Oct 2025Venture Debt$46.4M
- Aug 2023Series A$9.8M
- May 2017Seed$3.2M
#9
Polarium 🦄Series D · Stockholm, Stockholm County · founded 2015 · 550 employees$273.6Mraised▾
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, and participate in energy markets. The technology supports the integration of renewable energy sources by providing scalable storage capacity for various infrastructure requirements.
#10
Series B · Gothenburg, Vastra Gotaland County · founded 2018 · 7 employees$3.5Mraised▾
Amferia is developing an anti-infective technology. The company has developed its proprietary patented technology which consists of anti-bacterial polymers that can kill bacteria including antibiotic-resistant bacteria. The material is selective and targets only bacteria and is non-toxic to human cells.
- Dec 2025Series B$4.1M
- Sep 2024Series A$1.3M
- Jan 2023Series A$1.5M
- Feb 2020Grant (prize money)$55K
#11
Public · Stockholm, Stockholm County · founded 2004 · 96 employees$12.4Mraised▾
Manufacturer of thin, light, and flexible solar panels for various roofs. These solar panels are designed for tile, metal, and membrane roofs. The products can be installed on existing roofs or during roof replacement. The company also manufactures machinery used in the solar panel production.
- Apr 2025Grant (prize money)$3M
- Apr 2023Grant (prize money)$7M
- Nov 2021Grant (prize money)—
- Nov 2021Conventional Debt—
#12
Funding Raised · Solna, Stockholm County · founded 2008 · 19 employees$23.4Mraised▾
Developer of water treatment technologies for removing contaminants and extracting metals. The company’s patented technologies remove PFAS and heavy metals from water streams. These technologies facilitate the recovery and recycling of valuable metals from waste. The technologies address both short- and long-chain PFAS substances.
- Dec 2024Venture Debt$23.4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Sustainability Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Climate Adaptation is moving in Sweden
A read on the academic research around Climate Adaptation — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 175 Sweden-affiliated papers.
- Lund University29
- Stockholm Environment Institute19
- KTH Royal Institute of Technology19
- Stockholm University18
- Uppsala University15
- Climate change5
- Flood myth4
- Climate risk2
- Index (typography)1
- Benchmark (surveying)1
- Climate change1→13
- Flood myth2→8
- Psychological resilience1→5
- Climate resilience1→4
- Climate change7→46
- Psychological resilience1→15
- Resilience (materials science)1→13
- Climate risk1→12
- Climate resilience2→12
Where climate adaptation is researched across Sweden
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
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.