FundedIQ
Energy

Modvion: Funding, Investors & Team (Sep 2026)

We construct windmill towers. the woods Using laminated wood, which is nature's own carbon fibre, to construct wind turbine towers, Modvion quickens the transition to sustainable energy and materials. Hardwood designs replace emission-heavy materials like steel and concrete, enabling significant savings in emissions. Modvion has created wind towers that can achieve the heights the wind power industry is aiming for while remaining cost-effective thanks to a proprietary modular technology. Road closures and drawn-out permit processes are not necessary because the modules may be quickly loaded on trucks and carried on roads. The wind energy industry's next generation of towering, carbon-neutral towers is powered by renewable energy and constructed from renewable materials.

www.modvion.com LinkedIn Göteborg, Sweden 11-50 employees
CleanTech Energy Manufacturing Renewable Energy Wind Energy Wind power Construction Wood construction
Total raised
$11.8M
Rounds
1
Latest
Undisclosed round
Feb 2023

Modvion has raised $11.8M across 1 funding round on record, the most recent an undisclosed round of $11.8M announced in Feb 2023.

That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.

Modvion Company Profile and Key Stats

Total funding raised
$11.8M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$11.8M in Feb 2023
Employees
11-50
reported band
Headquarters
Göteborg, Sweden

Latest funding round on record: Feb 2023.

Modvion Funding Rounds

Date
Round
Amount
Undisclosed round
$11.8M

Modvion Founders and Leadership Team

Name
Role
Contact
Otto Lundman
CEO
Locked

Contact details for the Modvion team: 1 of 1 has an email address on file.

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Modvion Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
688
$4.2M

Modvion's latest round of $11.8M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.

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Modvion Funding FAQs

What does Modvion do?

We construct windmill towers. the woods Using laminated wood, which is nature's own carbon fibre, to construct wind turbine towers, Modvion quickens the transition to sustainable energy and materials. Hardwood designs replace emission-heavy materials like steel and concrete, enabling significant savings in emissions. Modvion has created wind towers that can achieve the heights the wind power industry is aiming for while remaining cost-effective thanks to a proprietary modular technology. Road closures and drawn-out permit processes are not necessary because the modules may be quickly loaded on trucks and carried on roads. The wind energy industry's next generation of towering, carbon-neutral towers is powered by renewable energy and constructed from renewable materials.

How much funding has Modvion raised?

Modvion has raised $11.8M across 1 round on record. The most recent is an undisclosed round of $11.8M announced in Feb 2023.

When did Modvion last raise funding?

Modvion's most recent funding round on record is an undisclosed round of $11.8M, announced in Feb 2023.

Who is the CEO of Modvion?

Otto Lundman is listed as CEO at Modvion.

Where is Modvion headquartered?

Modvion is based in Göteborg, Vastra Gotaland, Sweden.

How many employees does Modvion have?

Modvion is in the 11-50 employee band.

How does Modvion's funding compare to other Energy startups?

Modvion's latest round of $11.8M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.

About FundedIQ's Modvion Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Modvion is left off this page rather than filled in.

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