13 Apr Molindo Invests in the Next Generation of Batteries
Investment firm Molindo has today placed its trust in Altris, producer of the groundbreaking sodium-ion cathode material, to the tune of 3 MSEK (300,000 Euros). Molindo’s experience in helping to scale sustaintech companies makes them well-suited to support Altris’ journey to revolutionize the battery industry.
Altris has been raising capital between funding rounds from a mixture of existing and new investors, which provided the opportunity for Molindo to make a modest industrial investment. Beyond the investment though, Molindo’s background in financing green growth companies is of great value to Altris. Molindo’s advantageous knowledge recently worked to scale Renewcell, a fast-growing Swedish sustaintech company with a unique textile recycling technology that is changing the fashion industry for the better. Success Altris hopes to mimic.
‘Molindo’s interest in Altris’ comes at just the right moment, the production of our high performing and sustainable cathode material Fennac®, is prime for upscaling’ says Adam Dahlquist, Altris CEO
‘We are truly excited to be part of Altris’ journey and we believe Altris’ groundbreaking cathode material will make a significant commercial success in the global battery industry’ says Morgan Sadarangani, Molindo Energy CEO.