MK Plus lands $12M Swedish grant to scale solid-state battery output

What's the deal? MK PlusDealroom has a profile for this one. Try Dealroom →, a Japanese battery company, has received nearly $12 million from the Swedish Energy AgencyDealroom has a profile for this one. Try Dealroom → to advance industrial-scale production of its vanadium solid-state battery technology.

Why now? The grant funds the retooling of MK Plus's Swedish manufacturing facility, which is set to begin commercial battery deliveries in autumn 2026.

Where's it going? Under the Vanadis Energy brand, MK Plus is expanding into Europe and the Middle East, targeting demand for safe, long-life energy storage.

What's the endgame? MK Plus is scaling manufacturing to meet global demand for energy storage as production ramps.

The signal: The award sits in the top quartile of grants tracked in Dealroom's database, placing it in the 79.6th percentile by size.

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Image credit: Generated with Gemini