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Uppsala, Sweden 51–100 employees Energy storage altris.se
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Altris
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About Altris

Company Overview

Name

Altris AB

Headquarters

Uppsala, Sweden

Founded

2017

Size

Approximately 50 employees (source: zoominfo.com). Revenue of $13.6 million (source: zoominfo.com).

What They Do

Altris AB focuses exclusively on sodium-ion battery technology, developing cathodes, electrolytes, and full cells using abundant, low-cost materials like sodium, iron, carbon, and nitrogen to avoid lithium, cobalt, nickel, and conflict minerals (source: altris.se). Their core product is Fennac®, an iron-based cathode material similar to lithium iron phosphate (LFP) in voltage and capacity but cheaper to produce, with higher power, better low/high-temperature performance, and no thermal runaway risk; it's produced via a low-energy process at scale (source: winway.se). They also offer patented NaBOB fire-retardant electrolyte and complete sodium-ion cells with energy density matching LFP, using compatible production lines (source: altris.se). Target markets include grid storage (commercial/residential), commercial transportation (buses, trucks, marine), and low-cost personal vehicles (two/three-wheelers); they license cells, electrolytes, and processes to customize for customers (source: altris.se). Altris differentiates through a fully European supply chain, cost stability from abundant materials, superior safety, and rapid commercialization, positioning it ahead of lithium-dependent rivals amid CATL's 2020 endorsement of sodium-ion; they've secured automotive/energy partnerships while scaling to gigawatt-hour output (source: uic.se).

Projects & Track Record

Altris has no large-scale completed projects publicly detailed as turnkey installations, focusing instead on material production ramp-up and cell prototyping; their Uppsala R&D line produces up to 100 MWh/year of cells, while Sandviken's Ferrum facility (launched 2023 via deal with AB Sandvik Materials Technology) hit 2,000 tonnes/year of Fennac by design, enabling 1-3 GWh batteries annually (source: altris.se). Ongoing projects include expanding Uppsala cell production to 15 MWh, establishing a pilot plant for sodium-ion cells with SEK 77 million from Swedish Energy Agency (Industrial Leap/NextGenerationEU programs), and scaling Fennac output to meet 2022 demands pre-Ferrum (source: youtube.com). Key clients and partners encompass Northvolt, Volvo Cars, Clarios (low-voltage batteries), Maersk Growth (maritime), and recent collaborators like Ligna, Jemac, RISE (ultrathin sodium-ion battery for electronics, Vinnova-funded) and Oscilion (Nordic sodium-ion module for military, with initial orders) (source: altris.se). Geographic presence centers on Sweden (Uppsala/Sandviken), with European partnerships and Asian outreach for mass-market adoption; expansion targets full-scale production within three years of earlier funding rounds (source: winway.se).

Recent Developments

In 2024, Altris raised SEK 150 million ($14.5 million) in Series B1 from Clarios, Maersk Growth, EIT InnoEnergy, and Molindo to expand production and European market presence (source: ess-news.com). Recent funding includes SEK 80.75 million from existing investors, following SEK 77 million Swedish Energy Agency grant for a pilot cell plant (source: altris.se). Earlier, €4.8 million (SEK 50 million) bridge financing in 2023 supported industrial manufacturing in Uppsala, with appointments of Björn Mårlid as CEO and Christer Bergquist as CFO (Bergquist later permanent CEO) (source: zoominfo.com). In 2025, Altris launched collaborations for ultrathin sodium-ion batteries (with Ligna/Jemac/RISE) and military modules (with Oscilion, initial orders secured); they earned third consecutive Ny Teknik 33-listan 'golden company' nod as Sweden's top innovative tech firm (source: altris.se). Prior rounds: €9.6 million (SEK 100 million) Series A for 2,000-tonne Fennac scale-up (enabling 1 GWh/year), €7.3 million from InnoEnergy, and €4.8 million bridge; total funding exceeds $29.8 million across four rounds (source: altris.se).

Working There

Altris seeks battery experts for roles in designing, producing, and licensing cells, electrolytes, and processes, spanning R&D, materials science, production engineering, and commercialization teams; open positions are listed on their site, emphasizing customized customer solutions (source: altris.se). Hiring occurs at Uppsala (R&D/cell production) and Sandviken (cathode factory) (source: altris.se). Company culture highlights a tight-knit community of passionate specialists driving planetary impact via sustainable energy, supported by early-stage programs like UIC Startup (2018), Build (2019), and Swedish Scaleups (2021-2023) for structure and funding (source: uic.se). No specific benefits like salaries or perks are publicly documented in sources, though employee participation in recent €4.8 million bridge funding indicates stock incentives (source: zoominfo.com).

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