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Altris
Develops a new sodium-ion battery cathode material that is made entirely of abundant and environmental materials
About Altris
Altris 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.
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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.
At a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Uppsala kommun, Sweden
- Employees
- 56
- Open positions
- None listed
- Dealroom signal
- 63.9/100
- Sub-industry
- Clean Energy, Energy Storage
- Sector
- Transportation, Battery, Spinout, Sustainable Development Goals, EIC, EV Battery Production, EV Battery Other Chemistry, EV Battery, Climate Tech
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Nov 2025 | $8.1M | $73M | InnoEnergy | ↗ |
| GRANT✓Other financing | Oct 2025 | $2.5M | — | European Innovation Council | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Altris is 7.5K monthly website visits, up 167.9% over the last three months. Altris's team grew 14.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
InnoEnergy
European Innovation Council
Series A5 investors entered at this stage
Molindo
Northvolt
Clarios
Maersk Growth
Volvo Cars Tech Fund
Other known investors2 additional known investors
Uppsala University
Swedish Energy Agency
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Altris on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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