Decarbonising 1% of global emissions
There is no shortage of decarbonisation opportunities. But turning an opportunity into reality requires that we think big, act fast and get things done. Vargas has a unique position to enable disruptive ideas that make industrial transformation happen. By targeting the highest-emitting industry verticals, we will reach our vision to decarbonise one percent of global emissions.
Building impact companies
We are on a mission to build impact companies by putting innovation, technology and capital to work. Once we have identified and validated a business case, we finance, launch and scale a bold company that will rewrite the rules of its industry. This set us apart from traditional investors.
Investors and entrepreneurs at the core
Our story began when we founded Polarium, today a leading player within the energy storage solution space. Once we realised the impact and financial potential of challenging hard-to-abate industries with new business models, successful technologies and customer collaboration, we founded Vargas. As we expanded our model, Northvolt, H2 Green Steel and Aira were born. The rest of our story is yet to be written.
We are entrepreneurs and investors who build companies that solve real problems, contribute to sustainable development, and that take leading positions within their respective industries. Our team and advisors have extensive experience in corporate development and have worked in a wide range of sectors.
Vargas has significant influence over the companies in our portfolio. Through board representation, we work actively to ensure value creation and that the businesses are managed ethically and responsibly.
More than 20 years’ experience in the IT and telecom segments, with leading roles at, among others, Utfors, Telenor and British Telecom Nordics. He also has a background as a successful entrepreneur. He is chairman of Polarium and vice chairman of Northvolt and H2 Green Steel.
Chairman of the board
Harald is the founder and partner of Altor Equity Partners. He serves as the chairman of H2 Green Steel and Aira. In addition, he sits on the board of Carnegie Investment Bank, Nordic Leisure Travel Group, and Kinnevik. Previously, he was the deputy CEO and a founder of Industri Kapital. Harald holds a Bachelor's degree from Brown University and an MBA from Harvard University
Vargas X is our unit that develops new initiatives with the aim of launching companies to accelerate decarbonisation. We work together with our industrial advisors to realise new exciting projects.
Vargas’ network of industry advisors and investment managers consists of executives with excellent track records of working in areas such as power supply, energy policy, telecom, regulatory affairs, policy making, finance and business strategy. Our advisors assist us by providing expertise, strategic advice and support with stakeholder relations.