Pinsent Masons advises Clarios on Series B1 financing round of Altris
18 Oct 2024 | 12:34 pm |
Multinational law firm Pinsent Masons advised Clarios on its investment in Altris as part of the Series B1 financing round.
Pinsent Masons has advised Clarios on its investment in Swedish start-up Altris as part of a SEK 150 million Series B1 financing round. Clarios and Maersk Growth, another investor, are supporting Altris in the final realisation of its pilot production facility, which will enable the commercial production of sodium-ion cathode material for battery cells.
In this Series B1 round, Clarios and Maersk Growth join existing owners EIT InnoEnergy and Molindo as new investors. With these additions, Altris now has strategic investors covering its key target sectors of grid storage, low voltage automotive and maritime applications.
Through this investment, Clarios is expanding and intensifying its existing partnership with Altris.
Advisors Clarios: Pinsent Masons
Ronald Meißner (Lead, Corporate/M&A, Frankfurt), Dr Nils Rauer (Lead, Intellectual Property, Frankfurt), Werner Geißelmeier (Consultant, Tax, Munich);
Ronald Meißner has been advising the Clarios Business for than 20 years. Pinsent Masons has been advising Clarios since the carve-out from Johnson Controls and the sale to Brookfield in 2019.
Under the leadership of Nils Rauer, Pinsent Masons also advised Clarios on an exclusive joint development agreement with Altris concluded at the beginning of 2024. This was for the development of a low-voltage power cell for mobility applications.
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