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Altris

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Develops a new sodium-ion battery cathode material that is made entirely of abundant and environmental materials

Uppsala kommun, SwedenFounded 2017Transportation
Valuation $50–100M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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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.

Source: Dealroom company data

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

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Nov 2025 $8.1M $73M InnoEnergy ↗
GRANT✓Other financing Oct 2025 $2.5M — European Innovation Council —
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Altris website traffic

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.

Latest monthly visits7.5K 3-month web change+167.9% 1-year team growth+14.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

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
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇸🇪 Sweden93.2%
🇮🇳 India2.3%
🇰🇷 South Korea2.3%
🇨🇳 China2.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

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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