When was Micropower Group founded?

Micropower Group was founded in 1984 and raised its 1st funding round 26 years after it was founded.

Where is Micropower Group located?

Micropower Group is headquartered in Vaxjo, Sweden.

Who is the current CEO of Micropower Group?

Torbjörn Gustafsson of Micropower Group.

How many employees does Micropower Group have?

As of Apr 30, 2026, the latest employee count at Micropower Group is 363.

Is Micropower Group a funded company?

Micropower Group is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Apr 30, 2010.

When was the latest funding round of Micropower Group?

Micropower Group's latest funding was a $***** Grant (prize money) round on Apr 30, 2010, with participation from 1 investor.

Where does Micropower Group rank among its competitors?

Micropower Group ranks 79th amongst 761 active competitors, of which 89 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Contemporary Amperex Technology, which secured $280M in Oct, 2025.

Who are the top competitors of Micropower Group?

Micropower Group's top competitors include A123 Systems, QuantumScape and SES Technologies. Among them, Contemporary Amperex Technology secured the most recent funding round in October, 2025.

Micropower Group - 2026 Company Profile, Team, Funding & Competitors

Micropower Group is an acquired company based in Vaxjo (Sweden), founded in 1984. It operates as a Manufacturer of chargers and energy storage systems. Micropower Group has raised an undisclosed amount in funding. The company has 761 active competitors, including 89 funded and 69 that have exited. Its top competitors include companies like A123 Systems, QuantumScape and SES Technologies.

Company Details

Manufacturer of chargers and energy storage systems. Products include battery chargers, DC-DC power converters, DC-AC power inverters, battery separators, wireless forklift chargers, embedded power supply and charging solutions, and uninterruptable power supply systems.

Website: micropower-group.com
Email ID: *****@micropower-group.com

Key Metrics

Founded Year

1984

Location

Vaxjo, Sweden

Stage

Acquired

Latest Funding Round

Grant (prize money), Apr 30, 2010, $*****

Investors

National Science Foundation

Ranked

79^th among 761 active competitors

Employee Count

363 as on Apr 30, 2026

Investment & Acquisitions

Swede Electronics

Similar Companies

Grinntech & 245 more

Exit Details

Acquired by Polaris Private Equity (Sep 28, 2023)

View Micropower Group's full profile

Micropower Group is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Micropower GmbH CIN: HRB173769 , Germany, Active	Jan 25, 2016	-	-

Micropower Group got acquired by Polaris Private Equity on Sep 28, 2023.

Click here to take a look at Micropower Group's acquisition in detail

Micropower Group has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Apr 30, 2010 for $*****. 1 investor participated in its latest round. Micropower Group has 1 institutional investor.

Here is the list of recent funding rounds of Micropower Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2010	6800079	Grant (prize money)	3674639	6246991	5884614	3154203

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View details of Micropower Group's funding rounds and investors

Micropower Group's employee count trend

Micropower Group has 363 employees as of Apr 26. Here is Micropower Group's employee count trend over the years:

Employee count trend for Micropower Group

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Top competitors of Micropower Group include A123 Systems, QuantumScape and SES Technologies. Here is the list of Top 10 competitors of Micropower Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Sequoia Capital & 19 others	76/100
2nd	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
3rd	SES Technologies 2012, Woburn (United States), Public	Developer of Li-Metal batteries and AI-powered battery management solutions	$336M	Temasek, Applied Materials & 16 others	72/100
4th	Neuron Energy 2018, Mumbai (India), Series A	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$9.61M	Equanimity Investments, Chona Family Office ... & 53 others	69/100
5th	Contemporary Amperex Technology 2011, Ningde (China), Public	Manufacturer of battery systems for electric vehicles and energy storage	-	Fortera Capital, V Fund & 18 others	67/100
6th	Grinntech 2013, Chennai (India), Acquired	Manufacturer of lithium-ion battery packs, off-the-shelf products, and custom solutions	$2M	RTBI, Magnetic Meter Systems & 3 others	65/100
7th	SK On 2021, Seoul (South Korea), Series E	Provider of energy and chemical products, including batteries and lubricants	$1.73B	MBK Partners, Korea Investment Holdings & 3 others	65/100
8th	IBC 2022, Milpitas (United States), Series A	Platform offering prismatic lithium-ion cells for mobility and energy storage	$64M	RTP Global, FalconX & 3 others	65/100
9th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, Ashmore & 7 others	64/100
10th	StoreDot 2012, Herzliya (Israel), Series D	Manufacturer of fast charging batteries for electric vehicles	$226M	VinFast, Mercedes-Benz & 35 others	64/100
79th	Micropower Group 1984, Vaxjo (Sweden), Acquired	Manufacturer of chargers and energy storage systems	-	National Science Foundation	44/100