About Polarium
Polarium is a company based in Stockholm (Sweden) founded in 2015 by Stefan Jansson. It operates as a Product-as-a-Service, Direct-to-Consumer (D2C), and Reseller / Distribution. Polarium has raised $273.56 million across 4 funding rounds from investors including Northvolt, AMF and Alecta. Polarium offers products and services including Polarium Battery Energy Storage System, Polarium Home, Connected Batteries, and Operational Services. Polarium operates in a competitive market with competitors including Enel X, Particle, ecobee, A123 Systems and Signify, among others.
- Headquarter Stockholm, Sweden
- Founders Stefan Jansson
- Stage Unicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Polarium Energy Solutions Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$273.56 M (USD)
in 4 rounds
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Latest Funding Round
$49.41 M (USD), Series D
Oct 01, 2024
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Investors
Northvolt
& 5 more
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Employee Count
Employee Count
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Products & Services of Polarium
Polarium offers a comprehensive portfolio of products and services, including Polarium Battery Energy Storage System, Polarium Home, Connected Batteries, and Operational Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Scalable system designed for efficient energy storage solutions.
Home system built for resilience and energy efficiency.
Batteries developed for fleet management and security features.
Services provided for installation, maintenance, and product monitoring.
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Funding Insights of Polarium
Polarium has successfully raised a total of $273.56M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $49.41 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $49.4M
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First Round
First Round
(03 May 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series D - Polarium | Valuation | Northvolt |
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| Sep, 2023 | Amount | Series D - Polarium | Valuation |
investors |
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| Oct, 2022 | Amount | Series D - Polarium | Valuation | Alecta |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polarium
Polarium has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Northvolt, AMF and Alecta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Vargas is focused on building impact companies for sustainability.
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Polarium
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Polarium
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polarium Comparisons
Competitors of Polarium
Polarium operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enel X, Particle, ecobee, A123 Systems and Signify, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Polarium
Frequently Asked Questions about Polarium
When was Polarium founded?
Polarium was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Polarium located?
Polarium is headquartered in Stockholm, Sweden.
Who is the current CEO of Polarium?
Leif Ottosson is the current CEO of Polarium.
Is Polarium a funded company?
Polarium is a funded company, having raised a total of $273.56M across 4 funding rounds to date. The company's 1st funding round was a Series D of $84.62M, raised on May 03, 2022.
What does Polarium do?
Polarium is focused on delivering smart and sustainable energy storage solutions. Operations span across sectors like telecom, commercial, industrial, EV charging infrastructure, and residential markets. Battery Energy Storage Systems (BESS) and home energy solutions are developed to optimize renewable energy use, enhance grid stability, and reduce costs. Services including installation, maintenance, and monitoring are offered to support diverse customer needs. Innovation in connectivity and security for fleet management is also prioritized, contributing to the global clean energy transition.
Who are the top competitors of Polarium?
What products or services does Polarium offer?
Polarium offers Polarium Battery Energy Storage System, Polarium Home, Connected Batteries, and Operational Services.
Who are Polarium's investors?
What is Polarium's valuation?
The valuation of Polarium is $1B as of May 2022.