54 Best Climate Tech Green Tech Startups in Sweden to Watch in 2025

The Definitive Seedtable Ranking of Climate Tech Green Tech Startups in Sweden

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 54 start-ups with an aggregate funding of $10.0b. The average funding per company in this subset is $184.8m.

Last update to the database: Feb 18, 2025. See changelog.

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12

Funding Rounds

$6.9b

Money raised

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy.

2

Funding Rounds

$21.1m

Money raised

LeadCold is a company developing lead-cooled small nuclear reactor technology founded in 2013 by Janne Wallenius, Jesper Ejenstam and Peter Szakalos.

11

Funding Rounds

$511.8m

Money raised

A company designing and building autonomous electric transportation (AET) systems for freight and cargo.

2

Funding Rounds

$34.0m

Money raised

Candela is a hydrofoil electric vessels manufacturer founded in 2014 by Gustav Hasselskog.

Location:

Key people:

7

Funding Rounds

$194.6m

Money raised

Heart Aerospace is a company manufacturing the electric regional airplane, ES-19.

Location:

Key people:

5

Funding Rounds

$46.7m

Money raised

EnginZyme is a biotechnology company that focuses on enzyme immobilization, they engineer biocatalytic solutions for industries ranging from API manufacturing to agriculture.

11

Funding Rounds

$598.8m

Money raised

VOI is a dockless electric scooter-share company based in Stockholm, Sweden.

1

Funding Rounds

$200.0m

Money raised

Oatly is an oatmilk company originally from Sweden.

2

Funding Rounds

$40.0m

Money raised

Stockeld Dreamery is a food company making plant-based cheese alternatives.

10

Funding Rounds

$61.0m

Money raised

CHOOOSE is an Oslo-based climate action company building digital tools to help people make climate actions everyday.

Location:

Key people:

8

Funding Rounds

$73.3m

Money raised

CorPower Ocean is a wave energy converter solutions provider founded in 2012 by Patrik Möller .

Location:

Key people:

3

Funding Rounds

$13.7m

Money raised

Normative is a Stockholm-based software company helping enterprises address their social and environmental impact.

Location:

Key people:

8

Funding Rounds

$38.6m

Money raised

Trustrace ensures the traceability and transparency of a supply chain.

5

Funding Rounds

$22.3m

Money raised

Eliq is a Swedish tech company that specializes in the analysis and visualization of energy data.

2

Funding Rounds

$300.0m

Money raised

Large-scale, integrated, digitalized, and automated steel plants with lower carbon impact.

11

Funding Rounds

$208.8m

Money raised

New materials that enhance the efficiency of solar cells.

2

Funding Rounds

$3.0m

Money raised

The world's most advanced data driven carbon and finance marketplace. Venture backed by the European Space Agency incubator.

Location:

Key people:

2

Funding Rounds

$17.6m

Money raised

Vässla was founded by Rickard Bröms in 2017 and is an electric moped company based in Stockholm, Sweden.

Location:

Key people:

5

Funding Rounds

$181.7m

Money raised

Polarium is a lithium battery technology for telecom industry founded in 2022.

5

Funding Rounds

$8.9m

Money raised

Swedish Algae Factory is a Gothenburg-based company extracting silicon algae as a raw material with nanoporous material.

Location:

Key people:

6

Funding Rounds

$73.5m

Money raised

Climate action planning platform for cities.

Location:

4

Funding Rounds

$112.6m

Money raised

Volta Trucks is a manufacturer of electric commercial trucks.

2

Funding Rounds

$1.3m

Money raised

Mycorena AB is a biotechnology company founded in 2017 and currently based in Gothenburg.

1

Funding Rounds

$12.6m

Money raised

Modvion offers a new modular wind power tower that reaches higher altitudes, simplifies transportation and is built with the cheap renewable composite material CLT.

4

Funding Rounds

$6.8m

Money raised

Wakeboard that lets enthusiasts ride on water without needing wind or waves.

1

Funding Rounds

$36.2m

Money raised

Pulpac, founded in 2018, develops Dry Molded Fiber, manufacturing technology for low cost, high-performance fiber-based packaging and single-use products.

2

Funding Rounds

$2.7m

Money raised

Crowddroning by GLOBHE sends drones globally through our crowd of local drone operators collecting high-resolution earth observation data which helps businesses, organizations and researchers understand the world and take action.

Location:

Key people:

4

Funding Rounds

$1.2m

Money raised

SaaS platform that helps calculate and share climate footprints for food.

1

Funding Rounds

$59.9k

Money raised

IBCRobotics is providing industries with non-water, automated, environmentally-friendly cleaning solutions.

Location:

Key people:

1

Funding Rounds

$9.2m

Money raised

Climeon AB is a clean-tech company that provides a technology which uses the energy in waste heat from industries and low-temperature geothermal heat to generate electricity.

3

Funding Rounds

$2.1m

Money raised

Altered is a Stockholm-based developer of water faucet aerator technologies to reduce water consumption.

4

Funding Rounds

$79.3m

Money raised

Water recycling technology designed for use in domestic appliances from a Swedish clean-tech company.

$110.0k

Money raised

Dolprop is on a mission to develop the most efficient, green and silent marine propulsion system, replacing conventional propellers

1

Funding Rounds

Peafowl Plasmonics (previously Peafowl Solar Power) has developed a transparent solar cell suitable for low-power devices to make them self-powered.

1

Funding Rounds

$6.8m

Money raised

TRINE is a Sweden-based company founded in 2015.

$410.0k

Money raised

Hyber is a circular service for children's products founded in 2015 by Douglas Heidergren.

$260.0k

Money raised

Liquid Wind is an eFuel facility developer founded in 2017.

1

Funding Rounds

$480.0k

Money raised

Enerpoly develops affordable, safe, and sustainable zinc-ion batteries for energy storage solutions.

2

Funding Rounds

$3.4m

Money raised

Sustainable investing governance (ESG) reporting platform for financial institutions.

2

Funding Rounds

$5.3m

Money raised

Ignitia is a tropical weather forecasting platform founded in 2009.

1

Funding Rounds

$550.0k

Money raised

Krafthem is a Stockholm, Sweden-based developer of energy management and energy trading systems.

1

Funding Rounds

$137.8k

Money raised

Aquammodate is a Gothenburg-based company.

$1.7m

Money raised

Kale United is an investment firm focused on supporting vegan startups founded in 2018.

2

Funding Rounds

$1.5m

Money raised

Sustainable bio-batteries for small and large-scale energy storage.

1

Funding Rounds

$6.5m

Money raised

Sproud makes vegan plant based milk

1

Funding Rounds

$5.5m

Money raised

Net Zero Company is building a Net Zero Ecosystem making it easier for companies, individuals, and countries to transition to net zero

3

Funding Rounds

$10.7m

Money raised

App to scan, sort and recycle items at home, and get rewarded for it.

1

Funding Rounds

$900.0k

Money raised

Water recycling system that works with washing machines.

1

Funding Rounds

$5.7m

Money raised

Azelio, a Swedish company with a unique Stirling-based system with thermal energy storage for dispatchable electricity production.

1

Funding Rounds

$11.0m

Money raised

Producer of fossil-free iron from residues and waste.

1

Funding Rounds

$23.8m

Money raised

Mine Storage is a large-scale energy storage solutions provider founded in 2000 by Thomas Johansson.

Location:

Key people:

1

Funding Rounds

$661.0k

Money raised

Absolicon Solar Concentrator is a Sweden-based company founded in 2007.

1

Funding Rounds

$44.0m

Money raised

Qvantum is a heat pump manufacturer for sustainable cities founded in 1993.

1

Funding Rounds

$12.0m

Money raised

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