The energy storage provider received a boost to its growth plans with a new investment from AMF.

Polarium reached unicorn status with a $1bn valuation, after pension company AMF has bought a minority stake in the Sweden-based smart energy storage provider for $100m. The funding will help Polarium ramp up its growth plans.

Founded in 2015, Polarium helps commercial, industrial and telecommunications companies transition from diesel generators to using lithium-ion batteries for energy storage. Polarium said proceeds will allow it to maintain its pace of growth, which has seen it achieve a compound annual growth rate of…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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