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 Ångström Laboratory at Uppsala University, the company is taking its patented innovation from conception to commercialization with plans to become the primary supplier of sodium-ion batteries in 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