The man is suspected of armed robbery and the attempted murder of police officers who came under fire during the raid.
Police have also put out a warrant for the arrest of the suspect’s companion, whose whereabouts are not currently known.
A major search operation is underway for the second man. Police would not reveal whether they were looking for any further suspects.
The robbery was carried out as a guard returned to her vehicle in Täby, in northern Stockholm. The robbers made away in car, and were later seen by a witness changing into a green Volkswagen Passat in Roslags Näsby. They then drove towards central Solna, also in the north of Stockholm.
Police caught up with the car, whereupon the robbers fired shots at the police car. It is not known how many shots were fired. The getaway car was abandoned on Östervägen in Solna and the chase continued on foot.
The area was then sealed off by police as around thirty police patrols as well as helicopters and police dogs were called in to aid in the search.
Just before 6pm police entered an ‘interesting’ apartment on Östervägen only to find it empty. Police began allowing people to return to the area later in the evening.