Altris secures €4.8 million (SEK 50M) of bridge financing and gears up management with new CEO and CFO
Altris, the Swedish sodium-ion battery developer, has secured SEK 50M of bridge financing from its current owners and appointed Björn Mårlid as its new CEO and Christer Bergquist as new CFO, as the company moves ahead with its commercialisation journey.
Altris acknowledged as one of Sweden’s most innovative tech startups
For the third year in a row, Altris has been named in Ny Teknik’s prestigious 33-listan as a 'golden company'. The annual award from the Swedish magazine acknowledges the 33 best and most innovative tech companies in Sweden — those with the potential to revolutionise their industries both in Sweden, and around the world.
Altris AB Appoints Martin Anderlind as CEO
Altris AB is pleased to announce the appointment of Martin Anderlind as Chief Executive Officer, effective as of 1 September 2022. Anderlind joins Altris from Northvolt, where he most recently held the position of Chief Talent Officer.
Scaling up production of Fennac in 2022
In 2023, Altris’ first industrial production facility, Ferrum, will begin producing the ground-breaking cathode material Fennac in Sandviken, Sweden. Ferrum will annually produce 2000 metric tonnes of Fennac, enabling 1GWh of sustainable sodium-ion batteries to enter the market each year. Until this facility is up and running, however, Altris needs scale-up existing production of Fennac to meet customer demands already in 2022.
Altris to Manufacture Ground-breaking Cathode Material in Sandviken, Sweden
Sodium-ion battery cathode producer Altris AB has today signed a deal with AB Sandvik Materials Technology to house the company’s first industrial scale manufacturing facility in Sandviken. The new facility, called ‘Ferrum’, will have the annual capacity to produce 2000 metric tonnes of Altris’ ground-breaking cathode material Fennac – enabling 1GWh of sustainable sodium-ion batteries to enter the market each year.
Altris Secures €9.6 million in Series A Funding
Today Uppsala-based sodium-ion battery company Altris AB announces that it has raised €9.6 Million (100 MSEK) in a Series A funding round. The funding secures Altris’production scale-up of the company’s innovative battery cathode material, Fennac, to 2,000 tonnes, enabling 1 GWh of sustainable batteries and further research and development of sodium-ion batteries to take place.