Polar Light Technologies, a LEAD alumni company with roots in research at Linköping University, is now taking a big step towards commercialization. The company has recently secured just over EUR 5 million (approximately SEK 55 million) in a new round of financing led by J2L Holding, headed by Louise and Johan Lindh. Other investors include Almi Invest, Stoaf and Butterfly Ventures.
Since its inception in 2014, Polar Light Technologies has developed a breakthrough LED technology based on nanostructures in semiconductor materials. Through a patented method that integrates red, green and blue light on the same chip, extremely small, bright and energy-efficient LEDs are made possible, with the potential to outperform today’s LCD and OLED displays.
The technology is particularly attractive for advanced applications in the defense sector, such as in visors, windscreens and reflective sights, but also for future smart glasses for the consumer market.
With the new capital, Polar Light Technologies can accelerate its path to market. The company unveiled its first prototype in 2024 and aims to launch the first commercial products towards the end of 2026.
– The money will enable Polar Light Technologies to reach the planned commercialization, says CEO Oskar Fajerson in an interview with Dagens Industri.
In connection with the financing round, the company was valued at approximately SEK 265 million.
