Modvion is a Swedish company developing wind-turbine towers constructed from laminated wood instead of conventional steel. The firm positions its product as a lower-carbon, lightweight alternative that can simplify transportation and installation while supporting the expansion of renewable energy infrastructure. EU authorities have selected Modvion for significant financial backing aimed at scaling its manufacturing capability. The company plans to use this capital to accelerate production and deployment of its wooden towers across Europe, thereby boosting clean-energy manufacturing capacity. The newly secured grant provides meaningful non-dilutive funding, strengthening the firm’s balance sheet and supporting near-term growth initiatives. Specific operating metrics such as revenue or units delivered were not disclosed in the article.

Total raised

$59M

Funding rounds

3

Latest round

Grant

Latest activity

Nov 2025