Loading organizations...
Key people at Ultris.
Ultris was founded in 2001 by Gene Linetsky (Co-founder and CTO).
Cubert develops advanced hyperspectral video cameras, utilizing proprietary snapshot technology for real-time imaging solutions. Its core product, the ULTRIS series, captures comprehensive spectral data across UV, visible, and near-infrared spectrums, enabling high-resolution, full-frame hyperspectral video. This technical approach delivers rapid data acquisition for complex analytical needs.
The company was founded in 2012 by René Heine, Rainer Graser, and András Jung. Their foundational insight emerged from a team formed in 2011, recognizing the critical need for the world's first true hyperspectral video camera. This vision aimed to move beyond traditional scanning, offering instantaneous and comprehensive spectral analysis.
Cubert serves diverse customers across machine vision, remote sensing, medical diagnostics, and defense, leveraging the technology for novel applications and intricate problem-solving. The company’s long-term vision is to empower users by providing innovative, user-friendly tools that push technical boundaries and create substantial value through accessible, high-performance solutions.
Altris is a Swedish startup developing sodium-ion batteries, focusing on sustainable energy storage solutions with superior performance compared to traditional lithium-ion alternatives. It targets markets like low-voltage mobile applications, defense, energy storage, and maritime, leveraging abundant sodium resources for cost-effective, eco-friendly batteries.[5]
The company serves battery manufacturers and end-users in high-growth electrification sectors, solving key problems such as lithium scarcity, high costs, and supply chain vulnerabilities by offering scalable cathode material (Fennac) that enables 1 GWh of battery production from a 2,000-tonne scale-up. Altris shows strong growth momentum through recent funding: €9.6M Series A, €4.8M bridge financing, SEK 150M Series B1 with investors like Clarios and Maersk Growth, and an additional SEK 80.75M, alongside leadership hires like CEO Christer Bergquist.[5]
Altris emerged from Uppsala, Sweden, as a pioneer in sodium-ion battery technology, capitalizing on sodium's abundance to address lithium-ion limitations. Founders drew from research in sustainable materials, developing patented active cathode material (Fennac) for robust, high-performance batteries.[5]
Key milestones include Series A funding in 2023 to scale production to 2,000 tonnes, enabling commercial pilots; bridge financing and executive appointments (CEO Björn Mårlid, later Christer Bergquist as permanent CEO and CFO) to advance commercialization; and 2025's Series B1 round with strategic investors, plus follow-on funding, signaling rapid traction toward pilot production and market entry.[5]
Altris rides the global shift to sustainable energy storage, fueled by EV adoption, grid-scale renewables, and maritime electrification amid lithium price volatility and geopolitical risks. Timing is ideal: sodium-ion tech matures as sodium costs ~1/100th of lithium, aligning with EU/OECD sustainability mandates and defense needs for resilient supply chains.[5]
Market forces favor Altris—rising demand for non-lithium alternatives (projected multi-TWh market), Sweden's battery innovation hub status, and investor confidence via repeat funding. It influences the ecosystem by accelerating sodium-ion commercialization, challenging lithium dominance, and enabling diverse applications from microgrids to ships.[5]
Altris is primed for breakout with pilot production online, targeting commercial cathode sales in 2026 amid sodium-ion hype. Trends like falling battery costs, regulatory green pushes, and hyperscaler energy needs will propel growth, potentially valuing it at unicorn status via Series B expansion.
Expect partnerships with majors like Clarios for cell integration and maritime trials with Maersk, evolving Altris from developer to key supplier—shaping a sodium-powered future that started with one innovative cathode.
Key people at Ultris.
Ultris was founded in 2001 by Gene Linetsky (Co-founder and CTO).
