Altris
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- eit ecosystem
- electric mobility
- battery
- nordic rising star 2022
- eit innoenergy
- eit kic partners
- european battery alliance
- ev battery
- stationary energy storage
- novel energy
- alternative battery chemistry
- ev battery production
- battery materials providers
- cell manufacturers
- ev battery other chemistry
- sodium-based battery
- cathode
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Revenues | - | <1m | <1m | <1m | <1m |
% growth | - | - | 3156 % | (64 %) | 32 % |
EBITDA | - | - | - | (<1m) | (<1m) |
% EBITDA margin | - | - | - | (4109 %) | (5464 %) |
Profit | (<1m) | <1m | (<1m) | (<1m) | (<1m) |
% profit margin | - | 1359 % | (97 %) | (4297 %) | (6213 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
SEK8.1m | Seed | ||
€1.0m | Series A | ||
* | €9.6m | Series A | |
* | N/A | €4.8m Valuation: €48.0m | Early VC |
Total Funding | €16.3m |
Related Content
Recent News about Altris
EditAltris is a Sweden-based startup that specializes in the development of sodium-ion batteries, a sustainable and safer alternative to traditional batteries. The company aims to become the leading sodium-ion battery developer in Europe, leveraging the abundant and readily available raw materials used in the production of these batteries. Altris operates in the energy storage market, providing innovative solutions for mass-market battery production.
The company's business model revolves around offering sodium-ion cathodes, electrolytes, cell designs, and factory blueprints for large-scale battery production. They also provide commercial battery cells for specific niche applications. Altris' batteries boast a high energy density comparable to Lithium Iron Phosphate (LFP) technology, excellent safety performance, long cycle and calendar life, and adaptability to various working temperatures and power performances.
A key differentiator for Altris is its patented cathode manufacturing process, which ensures a continuous output of high-quality material while minimizing energy usage. The company's batteries can be produced at scale in existing lithium-ion factories, reducing the need for expensive dry rooms and energy consumption.
Altris' batteries are made from globally available raw materials such as salt, wood, iron, and air, ensuring a minimal carbon footprint and a truly green battery. The company has received financial support from the Swedish Energy Agency and has been recognized with the EIT Innovation Team Awards.
In the future, Altris plans to expand its market to include commercial transport and light wheel markets, capitalizing on the many benefits of sodium-ion technology.
Keywords: Sodium-ion batteries, Sustainable energy, Battery development, Energy storage, Mass-market battery production, Patented manufacturing process, Green batteries, Commercial transport, Light wheel markets, Swedish startup.