# Modvion funding: rounds and investors > Modvion has raised $52M across 2 rounds since 2024. Investors include MassChallenge, EIC Accelerator and Chalmers Ventures AB. Every round with its source. Source: https://millionrounds.com/company/modvion (Millionrounds; every figure on the page links to its filing or article) Sweden · [Funded startup](https://millionrounds.com/companies) # Who invested in *Modvion* 2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cleantech Energy Raised 12 months ago Follow Modvion and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fmodvion) Funding summary Updated 5 Nov 2026 **$52M** raised across 2 rounds since 2024, from 2 sources **$6.4M** Venture **$46M** Grant - **Latest round:** Grant, $46M Nov 2025 - **Step-up i:** 7.1× - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 **$6.4M** Venture **$46M** Grant - **First round:** Venture, $6.4M - **Biggest round:** $46M - **Between rounds:** 17 months ## The rounds - **Nov 2025** Grant **$46M** *2 new* *3 returning* [MassChallenge](https://millionrounds.com/fund/masschallenge) [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [EISMEA](https://millionrounds.com/fund/eismea) [European Commission](https://millionrounds.com/fund/european-commission) [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) Reported by Silicon Canals - **Jun 2024** Venture **$6.4M** *4 new* [MassChallenge](https://millionrounds.com/fund/masschallenge) [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) Source recorded ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Venture** 2024 **Grant** 2025 [MassChallenge](https://millionrounds.com/fund/masschallenge) [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) [EISMEA](https://millionrounds.com/fund/eismea) [European Commission](https://millionrounds.com/fund/european-commission) [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) ## Everyone who backed them [MassChallenge](https://millionrounds.com/fund/masschallenge) Accelerator **2** rounds [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **2** rounds [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) VC firm **2** rounds [EISMEA](https://millionrounds.com/fund/eismea) Investment firm **1** round [European Commission](https://millionrounds.com/fund/european-commission) VC firm **1** round [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) Government **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=modvion). ## Also claim to have backed them These 3 firms list Modvion as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Course Corrected](https://millionrounds.com/fund/course-corrected) VC firm Per its own site [Symbia VC](https://millionrounds.com/fund/symbia-vc) VC firm Per its own site [Sustainable Energy Angels AB](https://millionrounds.com/fund/sustainable-energy-angels-ab) Angel network Per its own site ## Quick answers about Modvion ### Who invested in Modvion? Modvion's investors include MassChallenge, EIC Accelerator, Chalmers Ventures AB, EISMEA and European Commission, and 1 more on record. ### How much has Modvion raised? Modvion has raised $52M across 2 rounds since 2024. ### When did Modvion last raise? Modvion's most recent round was a Grant of $46M in Nov 2025. ### What was Modvion's biggest round? Its most recent round, $46M in Nov 2025, is also its largest on record. ### Who backed Modvion first? Modvion's first round on record, in Jun 2024, was backed by MassChallenge, EIC Accelerator and EASME - EU Executive Agency for SMEs and 1 others. ### What stage is Modvion at? Modvion's latest named round is a Grant, in Nov 2025. ### Where is Modvion based? Modvion is based in Sweden. ## Companies like Modvion In the same sector, and raised in the last eighteen months. [**Holyvolt** $45M · Oct 2026](https://millionrounds.com/company/holyvolt)[**Elvy** $595M · Oct 2026](https://millionrounds.com/company/elvy)[**Rebaba** $4.6M · Sept 2026](https://millionrounds.com/company/rebaba)[**Tavion** $47M · Sept 2026](https://millionrounds.com/company/tavion)[**Caplyzer** $727K · Jul 2026](https://millionrounds.com/company/caplyzer)[**Rivus Batteries** $2.9M · Jul 2026](https://millionrounds.com/company/rivus-batteries) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app