By 
Strategic collaboration to explore next-generation battery energy storage systems.
Swedish sodium-ion battery pioneer Altris has secured Volvo Cars Tech Fund as a strategic investor in its B1 funding round, marking a significant milestone in the development and commercialization of sustainable energy storage solutions. This investment comes alongside an agreement between Altris and Volvo Cars to explore next-generation battery energy storage systems (BESS) and other potential applications within Volvo’s product portfolio.
RELATED: Breathe Battery Technologies accelerates growth, doubling team size and lab capacity
Driving Innovation in Sodium-Ion Battery Technology
Founded in 2017, Altris has rapidly emerged as a leader in sodium-ion battery innovation, developing Altris Prussian White, a patented cathode material, along with electrolytes, battery cells, and scalable production blueprints. With its latest funding round, the company has also welcomed Clarios and Maersk Growth as new investors, joining existing backers such as InnoEnergy and Molindo.
Altris Christer
Now, with Volvo Cars Tech Fund on board, Altris gains a strategic automotive partner, expanding the potential of sodium-ion battery technology for applications beyond electric vehicles (EVs), including grid storage and industrial energy solutions.
“Volvo Cars’ expertise in electrification and sustainable innovation aligns perfectly with our vision. This collaboration will enable us to accelerate the development and commercialization of our sodium-ion batteries. We are thrilled to welcome Volvo Cars Tech Fund as an investor and partner,” said Christer Bergquist, Interim CEO at Altris.
“We are delighted to invest in Altris and support its mission to develop the battery of the future. We believe its technology has the potential to transform the battery market by providing more sustainable solutions, at a fraction of the cost,” added Ann-Sofie Ekberg, CEO at Volvo Cars Tech Fund.
A More Sustainable Alternative to Lithium-Ion Batteries
As the global demand for electric vehicles and energy storage solutions continues to surge, sodium-ion batteries are emerging as a viable alternative to lithium-ion technology. Altris’ sodium-ion batteries are built using abundant, cost-effective, and recyclable materials—salt, wood, iron, and air—offering a safer, more sustainable, and lower-cost solution for energy storage and mobility applications.
While Volvo Cars does not currently plan to use sodium-ion batteries in its EV lineup, this partnership diversifies Volvo’s battery supply chain and reduces dependency on critical minerals such as lithium, cobalt, and nickel. The collaboration also supports Volvo’s broader sustainability objectives, reinforcing its commitment to net-zero emissions and clean energy innovation.
Expanding Industry Partnerships for Global Impact
With Volvo Cars Tech Fund, Clarios, and Maersk Growth now among its investors, Altris has secured strategic support across key industry verticals:
- Automotive – Volvo Cars exploring sodium-ion battery integration.
- Grid Storage – Clarios’ expertise in large-scale energy solutions.
- Marine Applications – Maersk Growth backing alternative energy solutions for shipping.
This cross-sector collaboration positions Altris at the forefront of next-generation battery technology, accelerating global adoption and ensuring a more diverse and resilient battery supply chain.
As sodium-ion batteries gain momentum, Altris and Volvo Cars’ partnership represents a pivotal step toward a cleaner, more sustainable energy future.
