What is Altris?
Based in Uppsala, Sweden, Altris is at the forefront of the green energy transition. The company focuses on the production of the world's first high-performing cathode material derived from renewable and low-cost raw materials. By prioritizing safety, environmental sustainability, and affordability, Altris addresses the critical bottlenecks in the global battery supply chain. Their proprietary technology is designed to facilitate the mass adoption of sodium-ion batteries, which are increasingly viewed as a vital component for a decarbonized future. The company's market position is bolstered by its ability to integrate seamlessly into existing manufacturing ecosystems while providing a superior ecological profile compared to conventional energy storage technologies.
How much funding has Altris raised?
Altris has raised a total of $29.8M across 3 funding rounds:
Series A
$10.5M
Debt
$5.3M
Series B
$14M
Series A (2022): $10.5M with participation from EIT InnoEnergy
Debt (2023): $5.3M, investors not publicly disclosed
Series B (2024): $14M supported by Clarios and Maersk Growth
Key Investors in Altris
Clarios
A global leader in advanced energy storage solutions, Clarios specializes in manufacturing and distributing battery technologies for automotive and industrial applications, focusing on engineering excellence.
Maersk Growth
The venture arm of A.P. Moller–Maersk, this firm focuses on digitizing and decarbonizing supply chains by collaborating with visionary startups and scaleups.
EIT InnoEnergy
Part of the European Institute of Innovation and Technology, this organization promotes sustainable economic growth by fostering cooperation among leading research and business entities.
What's next for Altris?
Following this major strategic investment, Altris is expected to transition from pilot-scale production to full-scale industrial manufacturing. The infusion of capital will likely be directed toward expanding production capacity, enhancing research and development for next-generation cathode chemistries, and strengthening commercial partnerships across the automotive and industrial sectors. As the global demand for sustainable energy storage intensifies, Altris is strategically positioned to leverage its unique material science expertise to capture significant market share. The company's roadmap includes optimizing supply chain resilience and scaling its proprietary manufacturing processes to meet the rigorous demands of global energy storage markets, ensuring that sodium-ion technology becomes a cornerstone of the renewable energy infrastructure.
See full Altris company page
