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Impact company builder

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The

way

we

work

Quick info
FOUNDED
2014
MANAGEMENT
Carl-Erik Lagercrantz, CEO
Harald Mix, Chairman
Location
Stockholm, Sweden
In short

As an incubator, Vargas has developed a greenfield model for building disruptive businesses from the ground up, based on vertical integration and close customer collaboration. During its first decade, Vargas incubated a number of companies across sectors such as energy storage, steelmaking, hydrogen, home energy-tech and textile recycling. In the coming decade, the focus will be on realising the full potential of these ventures, where Vargas acts as active long-term owner.

Rationale

The climate crisis, combined with global shifts in economic and geopolitical power, has intensified the need for new solutions and value chains to safeguard the competitiveness of European industry. This was the rationale behind Vargas.

To tackle hard-to-abate industries and enable large-scale impact, Vargas’ approach has always been to transform traditional industry by building new ventures and value chains from the ground up – leveraging new technologies and vertical integration.

incubators

at

the

core

Our JOURNEY

Vargas’ journey began with energy storage provider Polarium, founded in response to growing demand for smart, sustainable and cost-effective backup power solutions in the telecom sector. Recognising both the impact and financial potential of challenging hard-to-abate industries with new business models, validated technologies and customer partnerships, Vargas was founded as an incubator to apply this approach to sectors with substantial carbon footprints. This ultimately led to the co-founding of Northvolt, Stegra, Aira and Syre.

Vargas’ investments have been financed principally through Kallskär, the investment vehicle of Harald Mix. Both founders have an evergreen investment approach and aim to remain as long-term investors in the companies that Vargas has co‑founded.
‍

our journey
mANAGEMENT

Vargas was founded by entrepreneurs and investors who built companies to address industrial challenges, support sustainable development and achieve leading positions in their sectors.

Carl-Erik Lagercrantz
CEO

Carl-Erik has more than 20 years of experienceas an entrepreneur and operating executive in the IT and telecom segments, withleading roles at, among others, Utfors, Telenor and British Telecom Nordics. Hesits on the board of Aira, Syre and Stegra.

Harald Mix
Chairman

Harald is the founder and partner of AltorEquity Partners. He serves as the chair of Polarium and Aira. In addition, hesits on the board of Stegra. Harald holds a bachelor’s degree from BrownUniversity and an MBA from Harvard University.