May 2026
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Largest Electric Vehicles Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Volvo, Volvo Cars, Polestar, Zaptec and APR Technologies.
 | Volvo AB manufactures trucks, buses, and construction equipment as well as marine and industrial engines. The company also provides complete solutions for financing and service. Its segments include Volvo Trucks, Mack Trucks, Renault Trucks, Volvo Autonomous Solutions, Volvo Energy, Volvo Construction Equipment, Volvo Buses, Volvo Penta and Volvo Financial Services. | $35 | +21% | $70B | $90B | 1.7x | 11.4x | ||
| Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it has a presence in China, the USA; Sweden; Germany; the United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars. | $3 | +34% | $7B | $6B | 0.2x | 1.9x | ||
| Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars, namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from the United Kingdom. | $22 | -33% | $2B | $7B | 2.4x | (8.3x) | ||
| Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars. | $5 | +152% | $437M | $390M | 2.4x | 30.7x | ||
| APR Technologies AB is a Swedish high-tech company. The company develops new technologies to improve the performance of spacecrafts, electric vehicles, battery packs, and demanding electronics. The core technology also has other suitable applications for later exploitation. It offers the next generation in electronics thermal management solutions. For spacecrafts, it includes a game-changing device for thermal control, for electric vehicles and battery packs, it enables battery modules with higher energy density & ultrafast charging, and for electronics, it improves cooling without adding maintenance or losing reliability. Its Business areas are Space, Battery Packs, Electronics, and Services. | $2 | -- | $56M | $53M | 37.8x | (205.2x) | ||
| ChargePanel AB (publ) specializes in technologies for the operation of electric vehicle charge points and driver applications. The company provides a SaaS platform for EV Charging Network Management and specializes in technologies for the operation of Electric Vehicle Charge Points and Driver Applications. | $0 | +46% | $8M | $8M | 7.4x | (7.6x) | ||
| Median | $4 | +34% | $1B | $3B | 2.4x | (2.9x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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