Svea Solar
Powering a sustainable future
Sectors
ConsumerWebsite
sveasolar.comBorn out of the belief that solar energy is the most powerful solution to combat climate change, the Swedish entrepreneurs Björn Lind and Erik Martinson founded Svea Solar (SVEA) in Stockholm in 2013. From the very start, the vision has been to lead the shift to a more sustainable future with solar power.
Today Svea Solar is the leading integrated solar installer and service provider in Sweden, and #3 in Europe. SVEA is a true innovator of the sector, serving more than 20k customers in the residential segment and through select corporate partnerships.
Why we believe in Svea Solar
- SVEA has a leading position in the sustainably growing solar market, which will be a critical component of European energy security and balance
- Operating in the downstream solar value chain, SVEA has end-customer ownership and attractive unit economics
- Based in downstream value chain with end-customer ownership, and with an expanding customer offering, SVEA can be pivotal in shaping the residential energy ecosystem of tomorrow
- SVEA is uniquely positioned to develop into the leading European full-offering “solar-as-a-service” player
About Svea Solar
2023 turnover (CY)
EUR > 200M
Employees
> 1000
Investment date
Mar 2022
Fund
Fund V
Team
Mattias Ringqvist | CEO
Related
Conversation | Spotlight
Driving the green energy transition
Watch the interview with Matilda Elfving Hauan, Director, talking about partnering up with Svea Solar and OX2, two companies building new green business within the energy industry.
Conversation | Case
The power of the sun
Founded on a strong belief that solar power is the best solution for most homes, Svea Solar has quickly proven the power of the sun and is ready for the next step on their journey.
Conversation | Perspective
Building the green transition
We can’t be dependent on fossil fuels in the future. Altor plans to be a part of Europe’s green transition, driving an industrial revolution and helping the whole continent decarbonize.
News | Press release
22 Nov 2024
Oceansapart continues operations under new ownership
News | Press release
02 Oct 2024
Altor to partner with iconic hockey brand CCM Hockey
News | Press release
18 Oct 2023
Altor invests in Aira
Conversation | Our team
A year like no other
Altor has made a number of investments and partnerships with successful brands across the consumer sector. We sat down with our Consumer-sector team to hear their thoughts on 2022 and what they believe 2023 will bring.
Conversation | Spotlight
Meet Susanna Campbell
The Altor community is built by partner companies and the people in- and outside of Altor. One of them is industry advisor Susanna Campbell, Board Member of H2 Green Steel and Chair of the Board at NOD.
Conversation | Case
A network for Scandinavian design driven brands
Scandinavian design graces homes all over the world. Now Altor has formed a network of such companies under one umbrella: Network of Design (NOD). But, as always, the story started somewhere completely different.
Conversation | Case
All about connecting
The Nordic Leisure Travel Group: Everyone on board to change.
Conversation | Spotlight
Meet Paul Fischbein
The Altor community consists of a set of companies and people we collaborate with daily. One of them is industry advisor Paul Fischbein, with a long-standing track record from the consumer space and e-commerce sector.
Conversation | Case
Happier and healthier people
SATS, stepping up for health with challenges brought on by modern society.
Conversation | Perspective
Ten years later, still going strong
Helly Hansen was Altor’s first investment in the Consumer sector. A company part of the Norwegian heritage. During our nine years of partnership, the brand reconnected with its roots, the product portfolio improving every season and the operation developed a world class apparel company.
Conversation | Case
Slow fashion – fast growth
Toteme was founded in 2014 by the Swedish couple Elin Kling and Karl Lindman. It has evolved into a strong and iconic Swedish brand focused on minimalistic trans-seasonal design based on a uniform concept.
Conversation | Case
In the mood
Located in a music studio complex in the heart of Stockholm, Audiowell comes with a combined mission to increase the quality of lifestyle music and helping more professional songwriters, musicians and creators live off their music.
Conversation | Case
Turning ordinary tap water into tasteful experiences
Starting out as an engineering and design company aiming to make everyday objects better and more beautiful, Aarke is now embarking on a journey towards a greener future with a new subscription service at its core.
Conversation | Case
Breaking the glass-ceiling
The Stockholm Stock Exchange was founded in 1863, but the first female CEO of a listed company emerged first in 1987. The first female founder taking her company public as CEO took even longer, in 2021 Pernilla Nyrensten received that title.
Conversation | Case
A community of fun-dining experiences
We can all use more social life. And the trends points to people eating out more often and at the same time enjoying entertainment and activities. Now Altor has created a community of restaurants in Social Eatertainment Group.
Conversation | Case
A brand like no other
With the factory running non-stop since 1879, Dale of Norway is one of the home country’s best-known brands. The premium outdoor apparel appealed to Norwegians and tourists alike but was hit hard when Covid shut down travel.
Conversation | Case
Charged for the future
CTEK – building the necessary charging infrastructure.
Our Consumer community
2023 turnover (Calendar year)
EUR < 50M
Employees
< 100
Investment date
Nov 2020
Fund
Fund V
2023 turnover (Calendar year)
EUR < 50M
Employees
< 100
Investment date
Dec 2021
Fund
Fund V
2023 turnover (Calendar year)
EUR < 50M
Employees
> 100
Investment date
Dec 2017
Fund
Fund III
2023 turnover (Calendar year)
EUR > 100M
Employees
< 500
Investment date
Apr 2018
Fund
Fund IV
2023 turnover (Calendar year)
EUR < 50M
Employees
< 100
Investment date
Jul 2019
Fund
Fund IV
2023 turnover (Calendar year)
EUR > 300M
Employees
< 1000
Investment date
Oct 2023
Fund
Fund VI
2023 turnover (Calendar year)
EUR < 100M
Employees
< 500
Investment date
Dec 2020
Fund
Fund V
2023 turnover (Calendar year)
EUR > 1000M
Employees
> 2000
Investment date
Oct 2019
Fund
Fund V
2023 turnover (Calendar year)
EUR < 50M
Employees
< 500
Investment date
Mar 2018
Fund
Fund IV
2023 turnover (Calendar year)
EUR > 100M
Employees
< 200
Investment date
Nov 2017
Fund
Fund IV
2023 turnover (Calendar year)
EUR > 300M
Employees
> 1000
Investment date
Oct 2013
Fund
Fund III
2023 turnover (Calendar year)
EUR > 200M
Employees
> 1000
Investment date
Mar 2022
Fund
Fund V
2023 turnover (Calendar year)
EUR > 100M
Employees
< 200
Investment date
Jun 2021
Fund
Fund V
2023 turnover (Calendar year)
EUR > 700M
Employees
> 2000
Investment date
Jun 2019
Fund
Fund IV
2023 turnover (Calendar year)
EUR > 200M
Employees
> 2000
Investment date
May 2018
Fund
Fund IV
What we’re reading
News | Bloomberg
06 Jan 2024 — bloomberg.com
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17 Dec 2023 — economist.com
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04 Aug 2023 — bloomberg.com
Heat Pumps, Electric Cars, Home Solar:
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25 May 2023 — bloomberg.com
How Silicon Valley Got Into Investing in Climate Tech