News February 4: Northvolt, Flip N Bid, Candela, Brilliant Minds, Plejd and more

Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.

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News from Swedish startups, the tech sector and VCs

  • Swedish startup Northvolt and Volvo Cars pick Gothenburg for their new battery plant, which will create up to 3,000 jobs (English, Swedish).
  • Flip N Bid is a newly launched Stockholm-based peer-to-peer marketplace for sneakers, founded by Annis Said and Mohammed Saleh (Swedish, no machine translation available).
  • Candela, Stockholm-based manufacturer of long-range electric boats, is about to launch in New Zealand, a market with "the highest rates of recreational boating per capita" (English).
  • Brilliant Minds is partnering with the Norrsken Impact Accelerator for a pitch event that'll take place during the invite-only tech conference, looking for early/seed-stage startups doing tech for good & sustainability, based in Sweden, launched within the past 3 years (English).
  • Following the pandemic boom, Swedish online retailers are now rather pessimistic about the near future, according to PriceRunner's latest "E-Handlarindex" (Swedish, machine translation).
  • Plejd, Gothenburg-based maker of smart connected lighting solutions, released its earnings report, showing sales of SEK326M for 2021, an increase of 56% compared to 2020, and a profit (EBIT) of SEK53M (Swedish).
  • 🎧 Sorosh Tavakoli, co-founder and CEO of Stockeld Dreamery, talks about the plant-based cheese maker's progress and the state of Swedish foodtech (Swedish, 15 minutes).

Other interesting things from the startup/VC world & beyond

  • Tiger Global kicked off the new year with 11 investments in European startups during January, outpacing every other VC and investment firm (English).
  • Over 500 mobile apps are now using the term ‘metaverse’ to attract new users (English).

Other interesting things from Sweden

  • A medieval ship was found off the west coast of Sweden (English).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm