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160 Robinson Rd, #14-04
Sit Rd, SBF Center, Singapore 068914

Altrove, a deeptech startup based in Paris, has secured €3.7 million in a pre-seed funding round.

  • Major Contributors: Led by Contrarian Ventures, Emblem, and prominent angel investors including Thomas Clozel (CEO of Owkin), Julien Chaumond (CTO of HuggingFace), and Nikolaj Deichmann (from 3Shape).
  • Funding Boost: Altrove secures €3.7 million to accelerate development of sustainable alternatives to critical materials, particularly rare-earth compounds.
  • Innovative Approach: They focus not just on predicting new materials but on scaling their production with advanced characterization technology, speeding up experiments by up to 100 times.
  • Market Demand: With European demand for rare earth elements projected to surge, Altrove aims to reduce reliance on China, which controls over 90% of global supply chains.
  • Big Picture: Altrove’s solutions mitigate economic and geopolitical risks by providing eco-friendly alternatives crucial for the energy transition.

Partnering with industries such as automotive, defense, and electronics, Altrove is poised to transform sustainable technology.

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