News February 4, 2022: 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).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: