SWEBAL Raises €30M To Build TNT Factory In Sweden

Founded in 2024 SWEBAL aims to strengthen NATO resilience and European security by addressing supply chain shortages in critical defence materials such as TNT.

The company secured environmental permits in late 2025 and development approval in early 2026, allowing construction plans to move forward.

The funding will support completion of the facility and help reduce Europe’s dependence on foreign imports and long-distance supply chains for ammunition manufacturing.

Read Also - London AI Startup CodeWords Raises €7.6M To Build Business Automation Platform

Investors in the round include Karl Engelbrektson, Pär Svärdson, and Thomas von Koch, alongside several Swedish family offices.

According to Joakim Sjöblom, Co‑Founder and CEO of SWEBAL, the investment comes at a historic moment for European defence.

“Across the continent, governments are rapidly expanding military production capacity in response to ongoing geopolitical tensions, record defence spending, and persistent ammunition shortages.

Europe has faced a critical shortage of energetic materials since Russia’s invasion of Ukraine, constraining ammunition output.

SWEBAL’s facility is set to produce over 4,000 tonnes of TNT annually, supplying the explosives European manufacturers need to sustain rapidly expanding artillery shell production, drone munitions, mines and other crucial armaments.”

About SWEBAL

Sweden Ballistics (SWEBAL) is building a TNT manufacturing facility in Northern Europe to strengthen European defence supply chains. The company focuses on producing critical explosives domestically to support NATO resilience, improve regional security and reduce dependence on foreign imports for defence manufacturing and ammunition production.