'No Northvolt effect': Why northern Sweden is quietly becoming a magnet for impact capital
26 maj 2025
08:11
Despite the collapse of battery company Northvolt, northern Sweden is attracting growing interest among investors.
Impact Loop travelled to the Swedish city of Luleå to meet Stefan Lundblom, investment manager at Sweden's northernmost investment network, Arctic Ventures.
"The entrepreneurs here are more down-to-earth," he says, explaining the region's appeal.
Impact Loop travelled to the Swedish city of Luleå to meet Stefan Lundblom, investment manager at Sweden's northernmost investment network, Arctic Ventures.
"The entrepreneurs here are more down-to-earth," he says, explaining the region's appeal.
Surrounded by pine and birch trees, Luleå Science Park blends traditional Swedish red-painted wooden buildings with a sleek, six-storey metal-fronted office block.
The campus lies a ten-minute bus ride from central Luleå, one of northern Sweden’s largest cities, home to around 80,000 residents and situated just below the Arctic Circle.