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Altris
Transportation · Uppsala kommun, Sweden · Founded 2017
Develops a new sodium-ion battery cathode material that is made entirely of abundant and environmental materials MoreLess
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.
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.
Company overview
Altris company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Uppsala kommun, Sweden
- Employees
- 56
- Open positions
- None listed
- Dealroom signal
- 63.9
Valuation & funding
Altris 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 | — |
| SERIES B✓Equity / VC | Apr 2025 | — | — | Volvo Cars Tech Fund | ↗ |
| SERIES B✓Equity / VC | Oct 2024 | $15M | $58M | Maersk Growth · Clarios · Volvo Cars Tech Fund | ↗ |
| EARLY VC✓Equity / VC | May 2023 | $5.3M | $21M | Undisclosed | ↗ |
| SERIES A✓Equity / VC | Mar 2022 | Molindo · Northvolt · InnoEnergy | ↗ | ||
| SERIES A✓Equity / VC | Feb 2021 | InnoEnergy · Molindo | — | ||
| SEED✓Equity / VC | Jun 2020 | InnoEnergy | — | ||
| SPINOUT✓Other financing | Jul 2017 | Uppsala University | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
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.
Hiring
Open positions at Altris
Current openings linked to this company in Dealroom.
Comparisons
Altris compared with similar companies
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Talent graph
Altris's talent
Source: Dealroom Talent Intelligence.
Investors
9 investors on Altris's cap table
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Global footprint
Where Altris has talent and traffic
team presence
In the news
Latest news about Altris
Recent press, funding announcements, and product moves mentioning Altris — open to read from the original sources.
Market sentiment
What the market is saying about Altris
An AI-synthesized read of the highest-engagement posts about Altris on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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