H2GS AB announced that it has raised SEK 2,000,000,000 in an equity round of funding co-led by new investors, AMF Fonder AB, GIC Private Limited and Schaeffler AG on August 29, 2022. The transaction also included participation from new investor, Swedbank Robur Alternative Equity I AB, a fund managed by Swedbank Robur Fonder AB, along with existing investors, Altor Fund V AB, a fund managed by Altor Equity Partners AB, Vargas Holding AB, Kingspan Group plc, FAM AB, Marcegaglia, Stichting IMAS Foundation, Cristina Stenbeck, and Daniel Ek