ABG Sundal Collier acted as sole global coordinator in connection with the SEK 327m capital raise in Nilar

 
Nilar, a front-runner in electrical energy storage systems, announced today that the company has secured SEK 327m in a pre-IPO private placement. Lead investors in the round were the First Swedish National Pension Fund and AFA Insurance. The raised capital will predominantly be used to accelerate sales activities and to ramp-up production capacity.
About Nilar
Nilar was founded in 2001 as a research project by leading battery industry experts from Europe and the US. The company has been producing advanced Nilar Hydride® batteries (NiMH) for energy storage at commercial properties, private households, industrial plants and for use with the smart grid, since 2015.
Nilar’s Hydride® energy storage solutions are robust, fireproof and durable, with a low lifetime cost. The modular design supports scalability to handle the energy requirements of everything from small residential systems to large-scale electrical installations. With R&D departments in the US and Sweden, and a manufacturing plant in Sweden, Nilar is revolutionizing energy and power supply technology, and is taking automated battery production to the next level.