Modvion Overview

  • Founded
  • 2015
  • Status
  • Private
  • Employees
  • 15
  • Latest Deal Type
  • Later Stage VC
  • Investors
  • 5

Modvion General Information


Developer of modular wind power towers designed to facilitate transportation and streamlined installation of towers exceeding heights of 120 meters. The company's modular wind power towers are made of renewable composite that makes it easier to transport and build towers and increase the production of electricity, enabling power plant construction businesses to reduce the cost of steel tower constructions and installations and make significant returns on wind technology investments.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Machinery (B2B)
Other Equipment
Primary Office
  • Vera Sandbergs allé 8
  • 411 29 Gothenburg
  • Sweden
+46 070-272 00 00

Modvion Timeline

Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Modvion Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 18-Feb-2021 00000 Completed Generating Revenue
5. Grant 15-Jun-2020 00.000 00000 Completed Generating Revenue
4. Early Stage VC 23-Apr-2019 00000 00000 Completed Generating Revenue
3. Accelerator/Incubator 10-Oct-2016 Completed Startup
2. Accelerator/Incubator 24-May-2016 Completed Startup
1. Accelerator/Incubator Completed Startup
To view Modvion’s complete valuation and funding history, request access »

Modvion Comparisons

HQ Location
Total Raised
Post Valuation
Last Financing Details
Developer of modular wind power towers designed to facilitate transportation and streamlined installation of towers exce
Alternative Energy Equipment
Gothenburg, Sweden
15 As of 2021
0000000000 0 00000

00 0000

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00000000000 000000 000000000
Kolding, Denmark
00000 As of 0000
0.00 0000-00-00


ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse c
00000000000 000000 000000000
Geneseo, NY
0 As of 0000
0000 0000-00-00
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Modvion Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
LM Wind Power Formerly PE-Backed Kolding, Denmark 00000 000000&0
0000000 0000 00000 Angel-Backed Geneseo, NY 0 00000 00000000
0000000 Venture Capital-Backed Montreal, Canada 00 000.00 0000000000 0 000.00
You’re viewing 3 of 3 competitors. Get the full list »

Modvion Executive Team (6)

Name Title Board Seat Contact Info
Otto Lundman Co-Founder and Chief Executive Officer
Maria-Lina Hedlund Chief Financial Officer
Erik Dölerud Chief Technology Officer
David Olivegren Co-Founder & Production Manager
Joakim Örneblad Co-Founder & Board Member
You’re viewing 5 of 6 executive team members. Get the full list »

Modvion Board Members (2)

Name Representing Role Since
Joakim Örneblad Modvion Co-Founder & Board Member 000 0000
Olle Bergstrom Self Board Member 000 0000
To view Modvion’s complete board members history, request access »

Modvion Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Modvion Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Vestas Wind Systems Corporation Minority 000 0000 000000 0
European Commission Government 000 0000 000000 0
Chalmers Ventures Venture Capital Minority 000 0000 000000 0
EIT Climate-KIC Accelerator/Incubator Minority 000 0000 000000 0
MassChallenge Accelerator/Incubator Minority 000 0000 000000 0
To view Modvion’s complete investors history, request access »