Vargas Holding

Vargas Holding AB is a principal investment firm established in 2014 and headquartered in Stockholm, Sweden. The company focuses on impact investing, targeting businesses that address societal challenges through innovation and demand-driven solutions. Vargas Holding combines knowledge, experience, and capital to support the development of impactful companies, assembling teams capable of transforming significant ideas into reality.

Carl-Erik Lagercrantz

CEO

7 past transactions

Polarium

Venture Round in 2024
Polarium designs and manufactures smart lithium-based power backup solutions for the global telecom market. Its modular lithium-ion battery systems are intended to improve network availability and reduce total cost of ownership while minimizing environmental impact. The company serves telecom, commercial and industrial sectors, addressing both the replacement market and new macro small cell deployments, enabling renewable integration, electrification, and reliable power from intermittent sources.

Polarium

Venture Round in 2023
Polarium designs and manufactures smart lithium-based power backup solutions for the global telecom market. Its modular lithium-ion battery systems are intended to improve network availability and reduce total cost of ownership while minimizing environmental impact. The company serves telecom, commercial and industrial sectors, addressing both the replacement market and new macro small cell deployments, enabling renewable integration, electrification, and reliable power from intermittent sources.

Plexigrid

Seed Round in 2023
Plexigrid specializes in modernizing electricity grids to facilitate the global shift towards renewable energy. They offer solutions that empower distribution grid operators to enhance efficiency and actively drive the transformation required for a successful energy transition.

Stegra

Series B in 2022
Stegra operates a state-of-the-art steel production plant designed to accelerate the decarbonization of the European steel industry. It achieves this by integrating green hydrogen technology, renewable energy sources, and artificial intelligence to produce fossil-free steel at competitive prices.

Stegra

Series A in 2021
Stegra operates a state-of-the-art steel production plant designed to accelerate the decarbonization of the European steel industry. It achieves this by integrating green hydrogen technology, renewable energy sources, and artificial intelligence to produce fossil-free steel at competitive prices.

Northvolt AB

Venture Round in 2019
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Polarium

Funding Round in 2016
Polarium designs and manufactures smart lithium-based power backup solutions for the global telecom market. Its modular lithium-ion battery systems are intended to improve network availability and reduce total cost of ownership while minimizing environmental impact. The company serves telecom, commercial and industrial sectors, addressing both the replacement market and new macro small cell deployments, enabling renewable integration, electrification, and reliable power from intermittent sources.
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