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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
client focusb2btechnologyHardwaretechnologyDeep Techsub industryClean Energysub industryEnergy Storagebusiness modelManufacturingsectorBatterysectorSpinoutsectorSustainable Development GoalssectorEICsectorEV Battery ProductionsectorEV Battery Other ChemistrysectorEV BatterysectorClimate Tech

Valuation & funding

Altris funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC Nov 2025 $8.1M $73M InnoEnergy
GRANTOther financing Oct 2025 $2.5M European Innovation Council
SERIES BEquity / VC Apr 2025 Volvo Cars Tech Fund
SERIES BEquity / VC Oct 2024 $15M $58M Maersk Growth · Clarios · Volvo Cars Tech Fund
EARLY VCEquity / VC May 2023 $5.3M $21M Undisclosed
SERIES AEquity / VC Mar 2022 Molindo · Northvolt · InnoEnergy
SERIES AEquity / VC Feb 2021 InnoEnergy · Molindo
SEEDEquity / VC Jun 2020 InnoEnergy
SPINOUTOther financing Jul 2017 Uppsala University
Showing 9 recorded eventsUnlock the complete deal history →

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.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $4.1M 0% −$458K -11.1% −$12M -293.6%
2025 $4.1M 0% −$458K -11.1% −$12M -293.6%
2024 $4.1M +259% −$458K -11.1% −$12M -293.6%
2023 $1.1M +144.3% −$458K -39.9%
2022 $470K +5503.1% −$458K -97.5%
2021 $8K +31.8% −$458K -5463.9%
2020 $6K −$261K -4108.8%
Company filings, research estimates and Dealroom dataOpen the full financial model →

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%
Monthly website visits88 observations · Dec 2018–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Altris compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Altris's talent

Book a demo to see the people
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.

Investors

9 investors on Altris's cap table

Sourced from Dealroom's funding and investor records.

Seed 2 investors entered at this stage
InnoEnergy
European Innovation Council
Series A 5 investors entered at this stage
Molindo
Northvolt
Clarios
Maersk Growth
Volvo Cars Tech Fund
Other known 2 additional known investors
Uppsala University
Swedish Energy Agency

Global footprint

Where Altris has talent and traffic

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

In the news

Latest news about Altris

Recent press, funding announcements, and product moves mentioning Altris — open to read from the original sources.

See all news

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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