Sweden: Modvion AB gets EUR 39.1 million grant from the EU's Innovation Fund

Announcement

18 Mar 2026

In March 2026, the European Commission provided a financial grant to Modvion AB for the “Higher Ground” project.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Mar 2026

Revocation date:

No revocation date

Updated: 17 Apr 2026

Financial grant In force

Recent update from 17 Apr 2026:

On 18 March 2026, the European Commission approved a EUR 39.1 million (USD 44.8 million) financial grant for Modvion AB. The grant was provided for the company’s involvement in the “Higher Ground” ...

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