Funding and M&A Roundup: Battery Developer Altris Raises $5.2 Million

EV startup BluSmart secures $42 million funding to strengthen operations

May 10, 2023

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Altris, a company that develops sodium-ion batteries, secured €4.8 million (~$5.2 million) in bridge financing from its current investors and employees. The funding will help the company scale its production and commercialize its technology. The bridge financing will enable Altris to complete its industrial-grade battery manufacturing at a new facility in Uppsala.

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