They are creating batteries from Swedish forests – closing round to launch first product
Ligna Energy AB closes investment round
Sustainable energy storage startup Ligna Energy is closing an investment round of SEK 14 million, which will support their next production development phase and first product launch.
The Norrköping-based company develops batteries for energy storage, based on renewable and cost-effective raw materials from the forest.
Ligna Energy manufactures batteries with materials from Swedish forests. It allows the company to enable fossil-free energy production, while minimizing the harm to the environment, at a low cost, with high safety.
The startup closely collaborates with the Laboratory of Organic Electronics at Linköping University. Ligna Energy was awarded as a finalist in ‘Startup 4 Climate’, which is the largest innovation competition for the energy sector in Northern Europe.
The company says this investment round brought together new and former investors, and prior to this round Ligna Energy had raised SEK 25 million in capital and grants.
Ligna Energy has an approximately SEK 100 million valuation.
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