Evergreen fund founded 1979 investing in Swedish deep tech and life science.
Stockholm, Sweden
Accelerator
Series A to Series B
/sweden/accelerator/industrifonden
Azafaros is a clinical-stage biotech company developing oral therapies for rare genetic metabolic disorders, including lysosomal diseases. Its lead development strategy focuses on compounds designed to cross the blood-brain barrier and address severe neurological progression in underserved pediatric conditions.
Brickanta is building an AI-native operating layer for early-stage commercial construction planning. The platform interprets drawings, code constraints, and cost data to automate bid analysis and estimation, reducing procurement risk and planning overhead for project owners and contractors.
Dawn Health develops regulated software-as-a-medical-device products with pharmaceutical and life-science partners. The company builds digital therapeutics and companion applications for adherence, remote monitoring, and real-world clinical data capture in regulated settings.
DeepDrive is the Munich startup that convinced major automakers to rethink the electric motor itself. Its core innovation is a patented dual-rotor motor architecture. In a traditional motor, a single rotor spins inside a fixed stator. DeepDrive's design spins both the internal and external rotor simultaneously, delivering higher torque density and substantially better efficiency. The practical outcome is compelling: EVs can achieve roughly 20% more range with 50% less motor weight, while reducing bill-of-materials costs. By 2026, DeepDrive has moved beyond impressive prototypes to industrialization. The company has reportedly secured series nominations with eight of the top ten global automakers for platform launches in 2028–2029. That level of OEM validation is rare at this stage and signals confidence in both the performance and manufacturability of the design. The company is now focused on building automated production lines in northern Munich to scale output for fleet testing and pre-series runs. A particularly strategic application is the in-wheel motor. Because the dual-rotor unit is compact and lightweight, it can fit inside the wheel hub, freeing up interior volume and enabling fully flat skateboard platforms. That creates new possibilities for autonomous shuttles and urban delivery vehicles where maximizing passenger or cargo space is paramount. It also allows for advanced vehicle dynamics such as torque vectoring without complex drivetrain components, improving both safety and handling. DeepDrive is a classic spin-out from the UnternehmerTUM ecosystem at TU Munich, with early validation support from the XPRENEURS incubator. Its investor base blends strategic automotive capital with deep-tech venture funding: Leitmotif led the Series B, BMW i Ventures provides rare early-stage OEM participation, Continental's corporate VC is a strategic partner for braking and chassis integration, and UVC Partners and Bayern Kapital anchor local support. In 2026, DeepDrive is one of Europe’s most promising hardware deep-tech bets: a motor breakthrough with clear OEM pull, manufacturability momentum, and the potential to reshape EV platform design.
Einride is the Swedish pioneer of autonomous freight, best known for its cab-less "Pod" trucks that are designed from the ground up without a driver. Rather than retrofitting automation into traditional vehicles, Einride built a purpose-made electric platform paired with remote operations. Its "Mesh" system allows a single human operator to supervise multiple autonomous pods in real time from a control center, enabling higher utilization while keeping safety oversight in the loop. The year 2026 is a defining moment for Einride. In November 2025, the company announced a $1.8B merger with Legato Merger Corp. III to list on the NYSE, a deal expected to close in the first half of 2026 and provide more than $300M in growth capital. This public-market transition gives Einride the balance sheet to scale fleet deployments, charging infrastructure, and regulatory approvals across key logistics corridors. By mid-2026, Einride is executing on major commercial contracts with GE Appliances in the United States and DP World in the UAE. It does not sell trucks in the traditional sense; it sells freight capacity as a service (FaaS), bundling vehicles, energy management, and its digital "Saga" operating system that optimizes routes, energy usage, and scheduling. The 2026 focus is on "Einride Grids": dense regional networks in Northern Europe and the US Southeast where autonomous pods handle repeated hub-to-hub routes, driving down costs compared to diesel trucking while cutting emissions. Einride's ecosystem ties include Norrsken House in Stockholm and early innovation pilots through Plug and Play. Its investor base blends Nordic growth capital and strategic logistics backing: EQT Ventures, NordicNinja, Maersk Growth, Soros Fund Management, and Temasek are among the key supporters. In 2026, Einride stands out as the most mature European autonomous freight platform, combining electric hardware, autonomy software, and logistics orchestration into a single commercial service. The company is also investing in safety validation, regulatory engagement, and remote-operations tooling to scale autonomy responsibly across multiple jurisdictions.
Exeger manufactures Powerfoyle, a patented solar-cell material that converts both indoor and outdoor light into usable electricity. The flexible material is designed for seamless integration into consumer products, enabling self-charging devices without external cable charging in many use cases.
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