Altris newly completed issue of shares was oversubscribed despite covid-19. Altris is thus financially equipped to scale up production and disrupt the battery industry. The aims is to make Altris’ battery chemistry dominant in stationary storage and to take significant market share in electric vehicles.
– Altris has chosen a business model that makes it possible to quickly scale up and capture the great potential that exists around this new battery chemistry, says Torbjörn Sternsjö investor in the company and newly appointed board member.
Altris creates an opportunity for the world’s producers of lithium-ion batteries to rapidly switch to producing sustainable sodium ion batteries. With Altris cathode material Fennac®, battery cell manufacturers can create competitive batteries from elements that are abundant on earth. Manufacturing requires no manganese, cobalt, lithium, phosphorus, or copper, only common and non-toxic elements. Raw material cost will be reduced without the need for investment in new equipment.
Torbjörn Sternsjö, investor and board member