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.
Great interest was shown throughout the round from investors such as Molindo Energy, Northvolt and EIT InnoEnergy, proving the immense enthusiasm for safe and sustainable sodium-ion battery solutions. The round was completed through a combination of new investors and existing investors continuing their participation.
Click here to read the press release
