Vargas Holding AB

Vargas Holding AB is a Swedish investment enterprise founded in 2014 and based in Stockholm, Sweden. It operates as an incubator that builds disruptive businesses from the ground up, focusing on high-emission and hard-to-abate industries, and has since evolved into an active, long-term owner of the ventures it has incubated. Its ventures include Polarium, Stegra (formerly H2 Green Steel), Aira, Syre and Northvolt, and it has also co-founded and invested in Arctial together with Rio Tinto, Mitsubishi Corporation and Tesi. Management includes Carl-Erik Lagercrantz as CEO and Harald Mix as Chairman.

Vargas was founded in 2014 as an incubator to identify, validate, finance, launch and scale impact companies addressing high-emitting, hard-to-abate sectors. The journey began in 2014 when Stefan Jansson, a former executive at Northstar, approached Harald Mix to provide seed financing for a new start-up in the battery industry, aiming to provide smart and sustainable lithium-ion battery energy storage systems for the telecom industry. This became Polarium, Vargas' first venture. Vargas co-founded Northvolt in 2016 together with Peter Carlsson and Paolo Cerruti, and launched H2 Green Steel (now Stegra) in 2021 under the leadership of Henrik Henriksson. Vargas has also co-founded and invested in Arctial, a project company developed together with Rio Tinto, Mitsubishi Corporation and Tesi, which is conducting a feasibility study for low-carbon production in Finland. Vargas' investments have been financed principally through Kallskär, the investment vehicle of Harald Mix.

An active, long-term owner and incubator focused on high-emission and hard-to-abate industries, building impact companies from the ground up.

1. 1Vargasvargasholding.com
2. 2About us – Vargasvargasholding.com
3. 3Our Journey – Vargasvargasholding.com
4. 4Changes to Stegra’s board of directors and company structure – Vargasvargasholding.com
5. 5Vargas Holding ABwikidata.org