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polarium

Northvolt

Stegra

Aira

Syre

our companies

Vargas is an incubator that identifies, validates, finances, launches and scales impact companies. We combine successful technologies with new business models, and put together the right teams to manage them, to accelerate decarbonisation and long-term value creation. Our ventures focus on energy storage, steel, hydrogen, home energy-tech and textiles.

Vargas has also co-founded and invested in Arctial, a project company developed together with Rio Tinto, Mitsubishi Corporation, and Tesi. The company is currently conducting a feasibility study for low-carbon production in Finland, with a final investment decision pending.

Northvolt, co-founded by Vargas, was established to produce the world’s greenest battery and support a competitive European battery industry.