Modvion
We build wind turbine towers. In wood
Modvion was founded in 2016, is headquartered in Gothenburg, Sweden, lists 11–50 employees, and has $58.6M in recorded funding across 5 rounds.
- Headquarters
- Gothenburg
- Employees
- 11–50
- Founded
- 2016
- Business Model
- B2B
- Website
- modvion.com
- Total Funding
- $58.6M
- Last Round
- $39.1M GrantApr 2026
- Rounds
- 5
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 5 funding rounds and 3 investors for this company. The full record is or through the API.
About
Modvion designs and manufactures wind turbine towers built from laminated veneer lumber (engineered wood) instead of steel, enabling taller towers that capture stronger, more consistent high-altitude wind at a lower cost and carbon footprint. Founded in 2016 by Otto Lundman and David Olivegren and headquartered in Gothenburg, Sweden, the company has already built towers over 100 meters tall and is backed by investors including Vestas Ventures and EIC Fund.
Summary
Modvion is a Climate Tech company based in Gothenburg, Sweden, founded in 2016. It lists 11–50 employees. It has raised $58.6M in total across 5 rounds, most recently a $39.1M Grant round in Apr 2026. Investors include CMPC Ventures, Almi Invest GreenTech and European Innovation Council Fund.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Apr 2026
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Funding: Venture Round through Grant. Amounts, valuations, and investors where available.
Investors
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