Sweden Ballistics (Swebal)
Building a TNT production plant in Nora, Sweden, to supply explosives for European artillery and drone munitions.
US soldiers launch a Switchblade 600 loitering munition, Grafenwoehr. Photo: U.S. Army TSAE by Sgt. Cody Nelson, Public domain (PD-USGov-Military-Army).
Round details
Equity, €30M, May 2026.
Why it matters
Environmental court approval in Dec 2025; one of Europe's first new TNT plants since the Cold War, full output targeted 2028.
Key figures confirmed by multiple sourcesLast checked 21 October 2026
Sweden Ballistics (Swebal): key questions
What does Sweden Ballistics (Swebal) do?
Building a TNT production plant in Nora, Sweden, to supply explosives for European artillery and drone munitions.
Where is Sweden Ballistics (Swebal) based?
Sweden Ballistics (Swebal) is headquartered in Nora, Sweden. It was founded in 2024.
How much funding has Sweden Ballistics (Swebal) raised?
A cumulative total is not disclosed. The latest round was: Equity, €30M, May 2026.
Who are Sweden Ballistics (Swebal)'s investors?
Notable investors include Thomas von Koch, Pär Svärdson, Karl Engelbrektson.
Sources
- resiliencemedia.co/swebal-raises-35m-to-rekindle-europes-tnt-supply-chain/
- caplight.com/company/swebal
- swebal.com/
Figures come from company announcements and press reports. Spot an error? Send a correction. Nothing here is investment advice.
Similar companies
More in Loitering MunitionsDestinus
Hoofddorp, NetherlandsDevelops and produces long-range strike drones and cruise missiles plus related propulsion for European militaries.
Origin Robotics
Riga, LatviaMakes the BLAZE autonomous interceptor drone and the Beak strike UAV for NATO armed forces.
PDKinematics
Vilnius, LithuaniaMakes Gannet, a drone-agnostic, GNSS-independent precision guidance kit for UAV-dropped munitions.