About Svea Solar
Svea Solar is a company based in Sollentuna (Sweden) founded in 2014 by Nolan Gray.. Svea Solar has raised $106.82 million across 2 funding rounds from investors including AB CarVal and Altor. Svea Solar offers products and services including Solar Installations, Storage Solutions, and Charging Solutions. Svea Solar operates in a competitive market with competitors including MyLight Systems, EdgePower, Sundata, Operant Solar and Play Solar, among others.
- Headquarter Sollentuna, Sweden
- Founders Nolan Gray
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$106.82 M (USD)
in 2 rounds
-
Latest Funding Round
$106.82 M (USD), Series A
Jun 10, 2022
-
Investors
AB CarVal
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Svea Solar
Svea Solar offers a comprehensive portfolio of products and services, including Solar Installations, Storage Solutions, and Charging Solutions. 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.
Custom designed solar systems for homes and businesses.
Battery storage systems for optimized solar energy use.
Charging systems integrated with solar setups for vehicles.
Unlock access to complete
Unlock access to complete
Funding Insights of Svea Solar
Svea Solar has successfully raised a total of $106.82M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $106.82 million completed in June 2022. 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 2
- Last Round Series A — $106.8M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Svea Solar | Valuation |
investors |
|
| Mar, 2022 | Amount | Seed - Svea Solar | Valuation | Altor Equity Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Svea Solar
Svea Solar has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include AB CarVal and Altor. 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 |
|---|---|---|---|---|
|
Altor is engaged in private equity investments across multiple sectors.
|
Founded Year | Domain | Location | |
|
Global manager of alternative investments in credit strategies and assets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Svea Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Svea Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Svea Solar Comparisons
Competitors of Svea Solar
Svea Solar 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 MyLight Systems, EdgePower, Sundata, Operant Solar and Play Solar, 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 |
App-based connected solar panels are provided for homeowner energy production.
|
|
| domain | founded_year | HQ Location |
Building energy management software and hardware are developed.
|
|
| domain | founded_year | HQ Location |
Solar panel systems are monitored via inverter data analysis.
|
|
| domain | founded_year | HQ Location |
Provides monitoring systems for solar power plants.
|
|
| domain | founded_year | HQ Location |
Solar-integrated hardware and monitoring platforms are developed for appliances.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Svea Solar
Frequently Asked Questions about Svea Solar
When was Svea Solar founded?
Svea Solar was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is Svea Solar located?
Svea Solar is headquartered in Sollentuna, Sweden. It is registered at Sollentuna, Stockholm County, Sweden.
Is Svea Solar a funded company?
Svea Solar is a funded company, having raised a total of $106.82M across 2 funding rounds to date.
What does Svea Solar do?
Svea Solar was founded in 2014 in Sollentuna, Sweden, within the renewable energy sector. An app-based platform is offered for solar battery storage and energy consumption monitoring. Solar systems, battery storage, and electricity usage can be tracked by users. Additional products include solar calculators, energy calculators, chargers, and storage batteries. The app is accessible on both Android and iOS devices.
Who are the top competitors of Svea Solar?
Svea Solar's top competitors include EdgePower, MyLight Systems and Sundata.
What products or services does Svea Solar offer?
Svea Solar offers Solar Installations, Storage Solutions, and Charging Solutions.