Polarium: The $1bn battery unicorn championing smart energy storage

Yet another unicorn has emerged from the Swedish battery industry, with lithium-ion power storage start-up Polarium today being valued at over $1 billion following a minority stake sale.
The battery firm announced today that it had received a $100.75 million investment from Swedish pensions company AMF in return for a 10% stake in the business, thus putting the company’s valuation at above $1 billion for the first time.

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