Ymer Technology Invests $5.7M Into New Headquarters In Buffalo Grove

BUFFALO GROVE, IL — Investing $5.7 million into its new headquarters in Buffalo Grove, Ymer Technology is also creating 30 jobs. The electric vehicle manufacturer, founded in Stockholm, Sweden, has relocated its U.S. headquarters from Houston.

According to officials, Ymer Technology will receive Reimagining Energy and Vehicles incentives from The Illinois Department of Commerce and Economic Opportunity. REV provides competitive incentives for EV, solar, renewable and energy storage manufacturers to move or expand in Illinois.

"This significant funding not only advances the innovative cooling and thermal management systems for electric vehicles but also strengthens Illinois' commitment to a clean energy future," said State Senator Adriane Johnson (D-Buffalo Grove), vice chair of the Illinois Senate Environment and Conservation committee. "Their dedication is paving the way for a more sustainable and technologically advanced tomorrow."

Officials said the relocation decision was "to take advantage of Chicagoland's unmatched location, industry leaders, and the state's REV incentive program." This is the first in a series of planned expansions for the company.

Shortly after opening its doors in Illinois, Ymer Technology CEO Bjorn Afzelius announced that the company has already inked its first deal.

"Ymer Technology's investment showcases Lake County's rich tradition of manufacturing —a $20 billion industry and the largest contributor to our gross regional product," Lake County Board Chair Sandy Hart said. "We join the state in prioritizing new jobs and sustainability. Ymer is a global leader in this sector, and we are especially excited to welcome them to our community because their products directly support our goals to reduce carbon emissions, increase renewable energy and address climate change."