Altris, an Uppsala, Sweden-based company which specializes in advanced low-voltage battery solutions, received an investment from Clarios, a global leader in advanced, low-voltage battery technologies for mobility.
The amount of the deal was not disclosed.
The company intends to use the funds to finalize and start pilot production of Na-ion automotive batteries, followed by commercial production beginning in 2026.
Led by interim CEO Christer Bergquist, Altris is a sodium-ion battery developer providing cathodes, electrolytes, battery cells and factory blueprints to create sodium-ion batteries. Sprung out of the Ć ngstrƶm Laboratory atĀ Uppsala University, the company is taking its patented innovation from conception to commercialization with plans to become the primary supplier of sodium-ion batteries inĀ Europe.
This equity stake builds on a joint development agreement (JDA) between Clarios and Altris. Clarios will leverage its expertise in Battery Management Systems (BMS), software, and system integration to design the Na-ion low-voltage automotive battery system to optimize battery performance. Altris will focus on developing the sodium-ion cell technology for this low-voltage application. Every vehicle, including hybrid electric and fully electric vehicles, requires a low-voltage energy source to power an increased number of software-based functions such as steer-by-wire, break-by-wire, autonomous functions, and enhanced in cabin experiences.
Clarios expects its investment to initially enable Altris to finalize and start pilot production of Na-ion automotive batteries, followed by commercial production beginning in 2026.
FinSMEs
09/10/2024