Sweden Ballistics (SWEBAL) has secured €30 million in its first funding round to finalize construction of its TNT manufacturing facility in Nora, Sweden. This investment, from notable figures like Major General (ret) Karl Engelbrektson and Pär Svärdson, will enable the facility to produce over 4,000 tonnes of TNT annually. The funds will be used to complete the factory, which is targeted for full-scale production in 2028, addressing critical European ammunition supply chain shortages.
Amount: $30.0M
