Investors include Fouriertransform AB (FTAB) and some of the company’s existing owners, including Pegroco Invest. Following the transaction, Fouriertransform becomes the largest shareholder in the company.
Alelion Batteries AB, a Nödinge, Sweden-based developer and manufacturer of energy storage systems for the automotive industry, has received a KRO28m venture capital investment.
The new capital will allow the company to expand production and sales efforts and strengthen its position in the Nordic region.
Founded in 2006 as a spin-out from ETC Batteries and Fuelcells, a R&D company for advanced energy solutions, Alelion Batteries AB is based in Nödinge, where they have a 1600 m2 production area.