Svea Renewable Solar AB
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Svea Renewable Solar AB - overview
Established
2013
Location
Stockholm, -, Sweden
Primary Industry
Renewable Energy
About
Based in Stockholm, Sweden, and founded in 2013, by its Chief Executive Officer, Erik Martinso, and Head of Operations, Björn Lind, Svea Renewable Solar AB, doing business as Svea Solar, operates as a solar product seller and installation company. In March 2022, Altor acquired a minority stake in Svea Solar from Axload AB for an undisclosed financial term. Svea Solar offers solar solutions that include batteries, solar calculators, electric vehicle chargers, and solar panels for residential, agriculture, housing cooperatives, and businesses. The company also provides financing solutions for individuals, like lending and renting.
As of 2022, the company has served more than 20,000 customers in countries like Sweden, Spain, Germany, Belgium, and the Netherlands. The company generates revenue by selling solar panels for SEK 12 – 14 per watt and installing solar batteries for SEK 40,000 to SEK 100,000. The company also charges a monthly rental fee of SEK 395 for solar panels.
Current Investors
Altor, Novax
Primary Industry
Renewable Energy
Sub Industries
Solar Power, Consumer Finance, Automobiles, Other Vehicles & Parts, Energy Storage & Batteries
Website
www.sveasolar.com
Verticals
Clean Technology, FinTech, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Svea Renewable Solar AB - timeline of key events
Svea Renewable Solar AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Svea Renewable Solar AB | - | ||||||||
| Growth | Completed | Svea Renewable Solar AB | - |
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Svea Renewable Solar AB - employee data
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