# Vargas Holdings

> Vargas Holdings is a VC fund in Stockholm backing Battery and Manufacturing. See 10 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 10
- Last investment: Oct 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vargas-holding
- Website: https://www.vargasholding.se/

Vargas Holdings is a VC fund in Stockholm focused on Battery and Manufacturing. Vargas is driven by industrial entrepreneurship based on societal challenges, innovation, and demand. It provides knowledge, experience, and capital, and builds teams capable of bringing large, smart ideas to fruition.

## Contacts

5 contacts available for Vargas Holdings. Shizune tracks 1 team members at Vargas Holdings. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vargas?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Battery | 2 | 20% |
| Manufacturing | 2 | 20% |
| Information Technology | 2 | 20% |
| Mining | 1 | 10% |
| Mobile | 1 | 10% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 3 | 30% |
| Seed | 1 | 10% |
| Series A | 1 | 10% |
| Series B | 1 | 10% |
| Private Equity | 1 | 10% |

6 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Carl-Erik Lagercrantz | Chief Executive Officer | 1 | https://shizune.co/investors/profile/carl-erik-lagercrantz |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Polarium | Polarium provides smart lithium-based power backup solutions to the global telecom market. Its battery solutions increase network availability while reducing TCO with minimal environmental impact. | $48.6M | Venture - Series Unknown | Oct 01, 2024 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. |  |  | Sep 07, 2023 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $1.9B | Private Equity | Sep 07, 2023 |  |
| Polarium | Polarium provides smart lithium-based power backup solutions to the global telecom market. Its battery solutions increase network availability while reducing TCO with minimal environmental impact. | $51.2M | Venture - Series Unknown | Aug 28, 2023 |  |
| Plexigrid | Plexigrid develops software that provides tailored solutions for electrical systems by using data analysis. | $4.9M | Seed | Apr 18, 2023 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $190.2M | Series B | Aug 29, 2022 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $105M | Series A | May 24, 2021 |  |
| Northvolt | Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plant to produce batteries for electric vehicles. Northvolt's product is an environment-friendly batterymanufactured with minimal carbon footprint and with recycling technology without compromising with important eco-systems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.In 2016, Paolo Cerruti and Peter Carlsson headquartered the company in Stockholm, Stockholms Lan. | $11.9M |  | Jan 04, 2019 |  |
| Polarium | Polarium provides smart lithium-based power backup solutions to the global telecom market. Its battery solutions increase network availability while reducing TCO with minimal environmental impact. |  |  | Mar 10, 2016 |  |
| Polarium | Polarium provides smart lithium-based power backup solutions to the global telecom market. Its battery solutions increase network availability while reducing TCO with minimal environmental impact. |  |  | Mar 10, 2016 |  |

10 of 10 investments shown.

## Co-investors
- [AMF](https://shizune.co/investors/profile/amf) — VC Fund, 5 deals together
- [FAM AB](https://shizune.co/investors/profile/fam-ab) — VC Fund, 4 deals together
- [IMAS Foundation](https://shizune.co/investors/profile/imas-foundation) — VC Fund, 4 deals together
- [Altor](https://shizune.co/investors/profile/altor-equity-partners) — VC Fund, 3 deals together
- [GIC](https://shizune.co/investors/profile/gic) — VC Fund, 3 deals together
- [Schaeffler Group](https://shizune.co/investors/profile/schaeffler-group) — VC Fund, 3 deals together

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## Featured in investor lists
- [Manufacturing Investors in Sweden](https://shizune.co/investors/manufacturing-investors-sweden)
- [Manufacturing VC Funds in Sweden](https://shizune.co/investors/manufacturing-vc-funds-sweden)

## FAQ

### What does Vargas Holdings invest in?

Vargas Holdings invests primarily in Battery, Manufacturing and Information Technology startups, most often at Funding Round and Seed stage. Most of the 10 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Vargas Holdings?

Public channels for Vargas Holdings include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Vargas Holdings?

The team at Vargas Holdings includes Carl-Erik Lagercrantz (Chief Executive Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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