- Polarium has raised SEK 500 million from existing investors through the issuance of convertible preference shares.
- This capital will strengthen Polarium’s position in the expanding energy storage sector and support its return to growth and profitability.
- The new funding will enhance Polarium’s balance sheet and finance strategic initiatives to solidify its global leadership in energy storage solutions.
- CEO Clas Gunneberg stated that this funding reflects investors’ trust in Polarium’s vision and capabilities, facilitating the transition towards smart energy storage solutions.
- Key investors in the recent share issue include Vargas, AMF, Alecta, Stefan Jansson Global Invest, and RoosGruppen.
- Polarium develops energy storage solutions based on lithium-ion battery technology for various sectors worldwide.
- The company, founded in 2015, aims to contribute to a sustainable energy future by enabling renewable energy use and electrification.
- Polarium is headquartered in Stockholm, employs approximately 400 people, and has production facilities in South Africa and Vietnam.
Polarium raises SEK 500 million from existing investors
1st October, 2024
Polarium, a leader in energy storage solutions, has raised SEK 500 million from existing investors through the issuance of convertible preference shares. This capital injection will strengthen Polarium’s position in the rapidly expanding energy storage sector and support its return to growth and profitability.
The new capital will strengthen Polarium’s balance sheet and fund strategic initiatives aimed at strengthening Polarium’s position as a global leader in energy storage solutions.
“This funding is proof of our investors’ trust in Polarium’s vision and capabilities. The strategic shift has begun, and we now have a financial platform in place to enable activities to generate profitable growth. We remain fully committed to driving the transition toward smart energy storage solutions and broadening our impact across various segments, ” says Clas Gunneberg, CEO at Polarium.
Key investors, such as Vargas, AMF, Alecta, Stefan Jansson Global Invest, and RoosGruppen have participated in the new share issue.
For further information please contact:
Olivia Lindelöf
press@polarium.com+46728867537
www.polarium.com About Polarium
Polarium is a leading developer of energy storage. We make energy storage and optimization solutions built on lithium-ion battery technology for businesses within telecom, commercial, industrial and residential facilities across the world. Polarium was founded in 2015 on the conviction that safe, smart and sustainable energy storage solutions will be key to empower the transition to a truly, sustainable energy future. We are an impact business contributing to the sustainable energy transformation by enabling renewables, electrification and intermittent power supply. Our cutting-edge and easily adaptable modular battery technology enables us to be in the forefront of developing state-of-the-art sustainable energy storage and optimization solutions for today – and tomorrow. Polarium is headquartered in Stockholm, has ~400 employees, with production in South Africa and Vietnam, and customers across the world.
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