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Altris Welcomes Clarios and Maersk Growth as New Investors in Series B1 Funding Round
The Swedish sodium-ion battery developer Altris has successfully raised SEK 150 million in a Series B1 funding round, introducing new investors such as Clarios and Maersk Growth. The financing will be used to finalize Altris’ pilot production facility, and thereby enable commercial production of sodium-ion cathode material for battery cells.
Altris has been on a rapid growth journey since its foundation in 2017, developing its patented cathode material, Altris Prussian White, as well as electrolytes, battery cells, and production blueprints for market-leading sodium-ion batteries. The new financing is a first tranche of a Series B funding round, which will enable the finalization of Altris’ pilot production facility and position the company to meet the demand for sustainable and cost-competitive batteries that are sourced in Europe.
The Series B1 round introduces new investors such as Clarios and Maersk Growth to the company’s list of owners, investing alongside the existing owners EIT InnoEnergy and Molindo. With these additions, Altris now has strategic investors representing its key target industry verticals: gridstorage, low voltage vehicle applications and marine applications.