Incell raises $7M from RoosGruppen.
Incell, a Stockholm, Sweden-based company manufacturing Lithium battery solutions for the telecom industry, secured SEK 62M ($7M) in capital investment. The money was provided by Roosgruppen AB, led by Håkan Roos, one of Sweden's old financial families with activities in the construction and real estate industry.
Incell International, founded in 2014 and led by CEO Stefan Jansson, manufactures smart lithium based power back-up solutions to the global telecom market that increase network availability while reducing cost with minimal environmental impact.
The company is yet to be profitable at a turnover of roughly SEK 60M ($6.7M) in 2017, and expecting SEK 300M for 2018.