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Altect
company
About
Altect provides battery fire prevention solutions.
- 1 - 10
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $225K
- Industries
- Battery,Energy Storage
- Founded date
- Jan 1, 2019
- Number Of Employee
- 1 - 10
- Operating Status
- Active
Altect eliminates the build-up of explosive and toxic gases. Their TRAPS uses a series of physiochemical processes to neutralize flammable and toxic battery gases into inert, non-hazardous gases. They enabled fire protection systems to provide preventative fire mitigation protection for Li-ion batteries, regardless of whether they are installed in an electric vehicle or stored in a warehouse.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$1.22M
Altect has raised a total of
$1.22M
in funding over 2 rounds. Their latest funding was raised on
Apr 29, 2022 from a Grant round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Apr 29, 2022 | Grant | $1M | 1 |
National Science Foundation
|
— | Detail |
| Aug 9, 2019 | Grant | $225K | 1 |
National Science Foundation
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
2
1
Altect is funded by 1 investors.
National Science Foundation
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
National Science Foundation
|
Yes | Grant |
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