SWEBAL announced a 30 million EUR funding round to complete construction of its TNT manufacturing facility in Nora, Sweden. The company said the facility will produce over 4,000 tonnes of TNT annually to support Europe’s growing demand for artillery shells, drone munitions, mines, and other armaments. Investors include Karl Engelbrektson, Pär Svärdson, Thomas von Koch, and other prominent Swedish family offices. The company was founded in 2024, and full-scale production is targeted for 2028.
About SWEBAL
Sweden Ballistics (SWEBAL) is a Swedish defence manufacturing company focused on domestic trinitrotoluene (TNT) production to strengthen NATO resilience and enhance European security through sustainable, large-scale ammunition production.
Nora, Sweden
Read Company ProfileFrequently Asked Questions
What type of funding round did SWEBAL raise?
SWEBAL raised a unspecified round.
How much did SWEBAL raise in its unspecified?
SWEBAL raised $30,000,000 EUR in its unspecified.
When did SWEBAL raise its unspecified?
SWEBAL raised its unspecified on 2026-05-07.
Who invested in SWEBAL's unspecified?
The investors in SWEBAL's unspecified are: Karl Engelbrektson, Pär Svärdson, Thomas von Koch, Prominent Swedish family offices.
What type of investment was SWEBAL's unspecified?
SWEBAL's unspecified was a equity investment.
How will SWEBAL use the funds from its unspecified?
SWEBAL plans to use the funds for: Complete construction of the TNT manufacturing facility, Unlock European supply chains at scale.