Modvion
We build wind turbine towers. In wood
Gothenburg, Sweden · Founded 2016 · $58.6M raised
- 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
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 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
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Funding History
Apr 2026
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Venture Round through Grant — per-round amounts, valuations, and who invested in each round.
Investors
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