The gas station industry in the Nordics is a dynamic sector that plays a crucial role in fueling the region's transportation needs. This industry includes traditional fuel suppliers, as well as innovative companies that focus on alternative energy sources like biofuels and electricity. With an increasing push toward sustainability, many stations are beginning to offer electric vehicle charging and other green services. Notably, Norway takes the lead in electric car sales, shaping the investments in this sector. As environmental concerns grow, we can anticipate gas stations evolving to meet these new demands in environmentally responsible ways.

This listing includes a range of investors in the Nordic gas station industry, from corporate giants like Equinor and Neste to smaller venture capital firms such as Investinor and ProVenture. Each of these investors is based in key locations, including Norway and Finland, and spans various sizes and years of establishment, with most founded between 2000 and 1970. In 2024 alone, they collectively made numerous investments to enhance their market presence and explore innovations in fuel delivery, digital technology, and renewable energy solutions.

Top 8 Gas Station Investors in the Nordics

1. Equinor

• Website: equinor.com
• Type: Corporate
• Headquarters: Stavanger, Rogaland, Norway
• Founded year: 1972
• Headcount: 10001+
• Number of deals in 2024: 6
• LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating primarily in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has a workforce of over 10,000 employees and is committed to becoming a net-zero emissions entity by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. Notably, Equinor has participated in significant transactions relevant to the gas station context, such as its investment in Booster, a mobile energy delivery platform that raised over $125 million in Series D funding. This investment highlights Equinor's interest in innovative fuel delivery solutions that connect fleets to various fuels, directly linking it to the gas station industry. Additionally, Equinor's involvement in the acquisition of Spirit Energy's Norwegian operations further emphasizes its commitment to expanding its footprint in the energy sector, which includes traditional gas and oil operations.

2. Neste

• Website: neste.com
• Type: Corporate
• Headquarters: Espoo, Uusimaa, Finland
• Founded year: 1948
• Headcount: 5001-10000
• Number of deals in 2024: 1
• LinkedIn: neste

Neste is a corporate investor based in Espoo, Uusimaa, Finland, founded in 1948. The company specializes in renewable energy, focusing on sustainable fuels and feedstock solutions, including Neste MY Renewable Diesel and Neste MY Sustainable Aviation Fuel. Their mission is to reduce greenhouse gas emissions and promote sustainability through innovative renewable solutions. In recent years, Neste has made strategic acquisitions to enhance its capabilities and market presence. Notably, they acquired PetroCard, Inc. in May 2023, which positions them within the gas station industry by expanding their fuel distribution network. Additionally, their acquisition of Mahoney Environmental in March 2020, a leader in used cooking oil collection and recycling, further supports their commitment to sustainable fuel production. These transactions highlight Neste's active role in the gas station sector while also emphasizing their focus on renewable energy solutions.

3. Investinor

• Website: investinor.no
• Type: Venture Capital
• Headquarters: Trondheim, Trøndelag, Norway
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has been involved in several transactions relevant to the gas and energy sectors, including investments in Zilift Limited, a provider of artificial lift solutions for the oil and gas industry, and GasSecure, which focuses on gas detection technologies. These investments highlight Investinor's engagement in the energy sector, which is closely related to the operations of gas stations.

4. ProVenture

• Website: proventure.no
• Type: Venture Capital
• Headquarters: Trondheim, Trøndelag, Norway
• Founded year: 2006
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: proventure-management

ProVenture is a venture capital firm based in Trondheim, Trøndelag, Norway, founded in 2006. The firm specializes in seed and early-stage investments, primarily in digital technology startups, providing both capital and strategic support to entrepreneurs. ProVenture aims to create substantial economic, social, and environmental value through sustainable business models. Among their notable transactions, they invested in GasSecure in December 2009, which indicates their involvement in the gas sector. Other investments include Xsens, Seabed Separation, VISAVI Technology, and Ace Oil Tools, showcasing a diverse portfolio that includes technology and potentially energy-related companies. While their main focus is on digital technology, their investment in GasSecure highlights a connection to the gas industry.

5. Sintef

• Website: sintef.no
• Type: Venture Capital
• Headquarters: Trondheim, Trøndelag, Norway
• Founded year: 1950
• Headcount: 1001-5000
• Number of deals in 2024: 5
• LinkedIn: sintef

Sintef is a not-for-profit research organization based in Trondheim, Norway, founded in 1950. It specializes in applied research across various fields, including technology, medicine, and social sciences. Sintef collaborates with businesses and government entities to provide innovative solutions and consulting services, enhancing their capabilities in research and development. In recent years, Sintef has been involved in several transactions relevant to the gas station industry. Notably, it participated in a funding round for Hydrogen Mem-Tech, a cleantech company that raised over €16M to develop palladium membrane technology for producing pure hydrogen from biogas and natural gas. This technology is significant for the gas station sector as it supports the transition to cleaner fuels. Additionally, Sintef invested in GasSecure, a company focused on gas detection technology, which is crucial for safety in gas stations. These investments highlight Sintef's engagement in the energy sector and its potential relevance to gas station operations.

6. Addtech AB

• Website: addtech.se
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1906
• Headcount: 1001-5000
• Number of deals in 2024: 9
• LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, founded in 1906. The company specializes in providing high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. In 2024, Addtech has made several strategic acquisitions to enhance its capabilities in the process and energy industries. Notably, they acquired PGS Tec GmbH, which specializes in customized water and gas supply systems, indicating a direct link to the gas supply needs of gas stations. Additionally, their acquisition of Analytical Solutions and Products B.V. aims to strengthen their offerings in emission control solutions, supporting the global shift towards sustainable energy, which is increasingly relevant for gas stations looking to improve their environmental impact. Overall, Addtech's focus on enhancing operational efficiency and sustainability through innovative solutions positions them as a potential player in the gas station sector.

7. Herkules Capital

• Website: herkulescapital.no
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 2002
• Headcount: 11-50
• LinkedIn: herkules-capital

Herkules Capital is a private equity firm based in Oslo, Norway, founded in 2002. The firm specializes in managing investments in established companies with strong growth potential across various sectors, including energy, consumer goods, healthcare, services, and industrial technology. Notably, Herkules Capital has been involved in several transactions relevant to the energy sector, such as the acquisition of Petroleum Technology Company in 2013, which indicates their engagement with companies that may have ties to the gas station industry. Additionally, they have participated in funding rounds for companies like Aibel and Beerenberg Corp., which are also linked to energy services. This diverse investment portfolio highlights their capability and interest in sectors that could intersect with gas station operations.

8. Alder

• Website: alder.se
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn: alderfund

Alder is a private equity investment fund based in Stockholm, Sweden, founded in 2008. The firm specializes in providing growth and buyout capital to established companies with a turnover between SEK 100-750 million, particularly in the sustainable technology sector. Alder aims to create long-term value by leveraging its industrial and financial expertise to support the development of its portfolio companies. Notably, Alder acquired Gasmet Technologies Oy in April 2015, a leading manufacturer of gas monitoring equipment, which aligns with the gas sector. Additionally, Alder has made other acquisitions, such as Jernforsen and Centriair, further demonstrating its active investment strategy in related industries. While Alder's primary focus is on sustainable technology, their involvement in gas monitoring positions them as a relevant player in the gas industry context.

Gas Station Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Equinor	Stavanger, Rogaland, Norway	10001+	1972	6
Neste	Espoo, Uusimaa, Finland	5001-10000	1948	1
Investinor	Trondheim, Trøndelag, Norway	11-50	2008	4
ProVenture	Trondheim, Trøndelag, Norway	1-10	2006	2
Sintef	Trondheim, Trøndelag, Norway	1001-5000	1950	5
Addtech AB	Stockholm, Stockholm, Sweden	1001-5000	1906	9
Herkules Capital	Oslo, Oslo, Norway	11-50	2002	0
Alder	Stockholm, Stockholm, Sweden	11-50	2008	1

Want to find more investors focusing on the gas station industry?

If you want to find more investors that are active in the gas stationindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

• Deal History: Number of deals and their sizes.
• Portfolio: Companies they've invested in.
• Contact data: Key dealmakers, including their emails and phonenumbers.
• ...and much more!