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§ Private Profile · Uppsala, Uppsala Lan, Sweden
Developer and manufacturer of sodium-ion battery cathode materials using proprietary Prussian White technology for energy storage and EV applications.
Based in Uppsala, Sweden, Altris develops and manufactures sodium-ion battery technology and Prussian White cathode materials for electric vehicles and grid-scale energy storage. The company produces commercial battery components using abundant materials like iron and sodium, operating an industrial facility with a cell manufacturing capacity of up to 100 megawatt-hours per year and employing approximately 50 to 100 people. To scale its manufacturing, Altris has successfully raised venture capital, including a €14.8 million Series B in 2023, from strategic corporate investors such as Northvolt, Volvo Cars, Maersk Growth, and Clarios. Its cathode technology was recently utilized by Northvolt to validate a new sustainable sodium-ion battery cell featuring an energy density of 160 watt-hours per kilogram. Altris was founded in 2017 as a spin-out from Uppsala University by researchers Ronnie Mogensen, Reza Younesi, and William Brant.
Altris has raised $39.1M across 4 funding rounds.
Altris has raised $39.1M in total across 4 funding rounds.
Altris has raised $39.1M across 4 funding rounds. Most recently, it raised $14.7M Grant / Other Equity in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 19, 2026 | $14.7M Grant | European Innovation Council | — | Announced |
| Nov 13, 2025 | $8.5M Venture Round | — | — | Announced |
| May 5, 2023 | $5.3M Venture Round | — | — | Announced |
| Mar 21, 2022 | $10.6M Series A | — | Molindo Energy, Northvolt | Announced |
Altris has raised $39.1M in total across 4 funding rounds.
Altris's investors include European Innovation Council, Molindo Energy, Northvolt.