What Micropower Group does

Micropower Group AB is a Sweden-based, privately held developer and manufacturer of industrial battery systems, high-efficiency battery chargers, and DC-DC power converters, founded in 1984 in Växjö and majority-owned by Polaris Private Equity since May 2023. The company designs and produces a full-stack power offering — including the LIONBRIX, LionBLOCK, and cBRIX modular lithium-ion battery platforms; RO, SC, and ST series battery chargers (with onboard and offboard variants such as the RO66); and DC-DC converters/equalizers — complemented by system-level software including the GET Fleet Management System, Dynamic Power Limitation, and a Best Battery Choice battery-exchange solution. Micropower operates eight sites globally across Sweden (Växjö HQ and R&D, Stockholm, Gothenburg, and Vansbro via Swede Electronics), Finland (Salo), Germany, Italy (Turin), the United States (Ecotec/Micropower US), and Hong Kong, with 1 GWh/year of lithium-ion battery production capacity, 270,000 charger units/year, and shipments of over 1.6 million units and 300+ MWh of battery systems annually.

The company serves industrial OEMs and end-user fleet operators across material handling/forklifts, automated guided vehicles, construction equipment, ground support equipment, cleaning machines, utility vehicles, rescue and safety vehicles (via the LEAB brand acquired June 2025), and military/defence applications. Its business model is predominantly B2B hardware sales (batteries, chargers, DC-DC converters) with a recurring software/services layer through GET fleet management subscriptions, distributed via owned sales offices and a global partner/distributor network using enterprise field-sales motion. Strategic customers include Toyota Material Handling Manufacturing Sweden, JBT Automated Systems, Hiab, Swepac, Ellego (20-year partnership), Maven Wireless (5G JV), and ATAB. Micropower is actively investing in sustainability infrastructure (new 25,000 m² fossil-free headquarters with on-site solar in 2025), EU Battery Regulation and CSRD/ESRS compliance, and inorganic growth via acquisitions under Polaris sponsorship.

Name

Micropower Group

Legal name

Micropower Group AB

Website

https://micropower-group.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

251–500 employees

Short description

Micropower Group is a Swedish industrial battery, charger, and DC-DC converter manufacturer serving OEMs and fleet operators in material handling, construction, AGV, and ground support equipment sectors with integrated hardware and fleet management software across 8 global sites.

Ownership category

akta.pro rank

Headquarters

HQ city

Växjö

HQ country

Sweden

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Battery Systems Sales: Sale of industrial Lithium-Ion batteries including LIONBRIX, LionBLOCK, and cBRIX product lines. Revenue generated from hardware sales of battery modules and complete battery systems to industrial OEMs and end customers.
2. Battery Charger Sales: Sale of industrial battery chargers including onboard and offboard chargers, supporting traditional lead-acid and Lithium-Ion batteries. Product lines include RO, SC, and ST series chargers.
3. DC-DC Converters Sales: Sale of DC-DC converters, chargers, and equalizers featuring high efficiency and robustness for industrial power conversion applications.
4. Software and System Solutions: Revenue from intelligent software solutions including GET Fleet Management System and system solutions like Dynamic Power Limitation and Battery Exchange System.
5. Accessories: Sale of accessories for batteries and battery chargers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Micropower Group designs, manufactures and supplies industrial battery chargers, lithium-ion battery systems (LIONBRIX, LionBLOCK, cBRIX), DC-DC converters and equalizers, and intelligent software such as the GET Fleet Management System for OEMs and fleet operators in material handling, construction, ground support, AGV and related sectors. The company delivers over 1.6 million units annually to customers worldwide through in-house R&D and production facilities across eight global sites.

Product overview

Micropower Group is a developer and manufacturer of industrial battery and charger solutions with in-house R&D and production. The product portfolio centers on three core product lines: Battery Chargers (including RO66 onboard chargers and SC/ST series), Lithium-Ion Batteries (LIONBRIX, LionBLOCK, cBRIX modules), and DC-DC Converters. These are complemented by System Solutions including the GET Fleet Management System (fleet monitoring and predictive analytics platform), Dynamic Power Limitation, and Best Battery Choice battery exchange system. Accessories round out the offering. The company expanded its portfolio through acquisitions including LEAB (mobile power supply solutions for emergency vehicles) and Swede Electronics (battery chargers). All products feature intelligent software integration and are designed for industrial electrification applications across material handling, construction, ground support equipment, and other sectors.

Differentiator

Problem solved

Functional benefit

Brands

• LEAB: Mobile power supply solutions for emergency, special and commercial vehicles across Europe.
• LionBLOCK
• cBRIX
• LIONBRIX
• GET Fleet Management System

Products and services

• Battery Chargers Energy-efficient industrial battery chargers for traditional lead-acid and lithium-ion batteries, including onboard and offboard charger families such as RO, SC, and ST series, sold to OEMs and industrial customers.
• Lithium-Ion Batteries Flexible lithium-ion battery modules and complete battery systems for industrial applications, including LIONBRIX, LionBLOCK, and cBRIX product lines with battery management systems for safety and communication.
• DC-DC Converters, Chargers & Equalizers High-efficiency, robust DC-DC converters, chargers, and equalizers for industrial power conversion needs in vehicles and machines.
• GET Fleet Management System Intelligent fleet management software for monitoring battery and charger performance, providing state-of-charge visibility, temperature diagnostics, predictive maintenance signals, and error detection for industrial vehicle fleets.
• LEAB Mobile Power Supply Solutions Mobile power supply solutions for emergency, special and commercial vehicles, including onboard power systems and DC-DC products for rescue and safety applications, distributed across Europe.
• Best Battery Choice (Battery Exchange System) Battery exchange system that enables rapid swapping of industrial vehicle batteries to minimize downtime in demanding operations.

Quantifiable outcome

• 300 MWh+ of battery systems delivered consecutively each year
• +4 more outcomes

Named customers7 records

Segments9 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• LEABcoreOEM/ Whitelabel/ Licensing Partner · 3 June 2025LEAB by Micropower Group develops and manufactures high-quality mobile power supply solutions for emergency, special and commercial vehicles across Europe. Acquired in June 2025, LEAB now operates as part of Micropower Group, expanding the combined expertise and product offering in mobile power solutions for demanding rescue and safety applications.
• Swede ElectronicscoreStrategic or Co-development Partner · 5 June 2024Swedish manufacturer of battery chargers acquired by Micropower Group. Swede Electronics will continue to operate independently in Vansbro, Sweden, with Micropower providing support to develop the company further.
• Toyota Material Handling Manufacturing SwedencoreStrategic or Co-development PartnerLong-term collaboration driving innovation in material handling electrification. Toyota Material Handling Manufacturing Sweden strives to deliver innovative and sustainable solutions to the material handling industry, with Micropower providing advanced battery and charging solutions.
• JBT Automated SystemscoreStrategic or Co-development PartnerPartnership with JBT Automated Systems, part of JBT Marel, to provide power solutions for AGV fleet optimization. The partnership impacts end customers through maximizing uptime, reducing costs, and improving fleet productivity.
• HiabcoreStrategic or Co-development PartnerStrategic partnership driving electrification in load handling equipment. As industries transition towards more sustainable and efficient operations, Hiab and Micropower collaborate on advanced electrification solutions.
• SwepaccoreStrategic or Co-development PartnerPartnership driving electrification in light compaction equipment. As the construction industry shifts towards low-emission and high-performance machinery, Swepac and Micropower collaborate on innovative electric solutions.
• EllegocoreStrategic or Co-development Partner20-year partnership in reliable charging solutions. Ellego develops and delivers advanced power supply systems, charging solutions and DC-UPS systems to demanding applications worldwide.
• Maven WirelessminorStrategic or Co-development PartnerJoint venture between Micropower and Maven Wireless to increase RF signal strength. Maven Wireless, pioneers of wireless coverage systems, partnered with Micropower as power supply specialist for 5G network coverage systems.
• ATABminorStrategic or Co-development PartnerPartnership with ATAB where Micropower provides a comprehensive energy supply solution. After successful testing, ATAB implemented the functionality in their project.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Northvolt: Swedish-founded large-scale lithium-ion cell manufacturer with energy storage solutions. Competes with Micropower at the systems level, but operates at significantly larger scale and is upstream in cells.

Direct peers

• Trojan Battery Company: US manufacturer of deep-cycle batteries including lithium-ion for material handling, floor cleaning, and industrial applications. Direct overlap in industrial battery systems and chargers for fleet electrification.
• Electrovaya: Canadian manufacturer of lithium-ion batteries and systems for material handling, e-forklifts, and industrial EVs. Closely comparable business model focused on industrial battery systems.
• EnerSys: Global leader in industrial batteries (lead-acid and lithium-ion) and charging solutions for material handling, motive power, and reserve power. EnerSys is the closest large-scale direct competitor to Micropower across industrial battery packs and chargers.
• Hoppecke: German-headquartered manufacturer of industrial batteries (lead-acid and lithium-ion) and charging systems for forklifts, AGVs, and rail. Directly competes with Micropower in European material handling electrification.
• Exide Technologies: Major industrial battery manufacturer with deep presence in forklift/material handling motive power and industrial chargers across Europe. Overlaps heavily with Micropower's product portfolio and end markets.
• Polarium: Swedish lithium-ion battery and energy storage provider for industrial and telecom applications, with battery monitoring software. Closest Swedish peer to Micropower in industrial lithium-ion systems.
• Flux Power: US-based developer of lithium-ion battery packs and chargers for material handling, ground support equipment, and industrial fleets. Directly comparable in industrial electrification use cases and product mix.
• Green Cubes Technology: US-based provider of lithium-ion battery systems and chargers for material handling, industrial, and military applications. Highly comparable offering spanning batteries, chargers, and fleet management software.
• Delta-Q Technologies: Canadian designer and manufacturer of industrial battery chargers for lithium-ion and lead-acid batteries in material handling, e-mobility, and industrial applications. Direct competitor in Micropower's charger portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/micropower-group
• Instagraminstagram.com/micropowergroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Micropower Group