Nilar secures SEK 327m in a pre-IPO private placement from well-renowned investors, including First Swedish National Pension Fund and AFA Insurance

Stockholm, SE – May 17, 2019 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 (AP1) and AFA Insurance (AFA). The raised capital will predominantly be used to accelerate sales activities and to ramp-up production capacity.

Since its founding, Nilar has pioneered the energy storage sector with its patented, unique flat-pack battery. Nilar is set to become the preferred choice for high performance and 100% safe Electrical

Source: Nilar secures SEK 327m in a pre-IPO private placement from well-renowned investors, including First Swedish National Pension Fund and AFA Insurance

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