Chargenode raises SEK 115 million from Formica Capital

Chargenode, a Gothenburg, Sweden-based manufacturer of EV charging devices, announced that it raised a SEK 115 million ($13M) capital funding round.

The money was raised from investors including Formica Capital, a Swedish investment vehicle owned by the Olsson Eriksson family.

Chargenode, founded in 2018 by CEO Kristian Sandahl, developed a charging device for electric vehicles, that can

The company produced sales of SEK 24.5 ($2.8M) million in 2020.