Stockholm-based Polarium, a sustainable energy storage solutions company, announced on Tuesday that it has received investment from Swedish pension company Alecta, and Swedish investors Formica Capital and Absolute Unlisted, both part of the investment manager Coeli.
Alecta, Formica, and Absolute Unlisted have acquired existing shares worth SEK 1.1B+ (approximately €100M) from the founders and early investors in the company.
The Swedish company made the transaction on the same terms and valuation as the equity raised in the spring and summer of 2022. With this transaction, Polarium continues to add to its circle of well-renowned owners, including AMF, Vargas, Roosgruppen, and Beijer Invest.
“I am very pleased to welcome new investors to Polarium. We have a very strong group of owners with outstanding reach in the north European financial community. With this, our ownership base is broadened further, giving Polarium superb conditions on our continued growth journey,” says Stefan Jansson, CEO and founder of Polarium.