Tech.eu writes that the company was founded at the beginning of this year and compared to other startups working in this field, it doesn't stop at predicting what new materials could hit the market, but also finding the best way to manufacture alternative materials at large scale.

Altrove CEO Thibaud Martin said that "our job is in the lab doing a lot of experiments, really fast, really high throughput and then actually making the material and giving it to the R&D so they can implement it in their device."

Using an automated laboratory experiment model, the team can determine quickly the optimal combination of chemicals that are required to create sustainable alternatives to critical materials, such as cobalt and nickel.

Cobalt mining has been associated with significant environmental challenges, which is why some carmakers gave up on using batteries that contain cobalt, looking at alternatives such as lithium-iron phosphate (LPF) models.

"Removing Cobalt from batteries, as in the case of Tesla, has tradeoffs. The batteries are heavier, with reduced energy density and decreased longevity. We're specifically trying to target industries where there is no alternative to rare earth elements", Martin explained.

Altrove is also working to find alternative combinations for materials that can be used in other products, such as sensors, touchscreens and energy harvesting.

The CEO said that "these are formula-driven materials. This makes it possible to scale. If you're making a magnet for instance, if it works at 10 grams, it's going to work the same over 1000 times."

"We're ticking a lot of boxes in Europe: AI, sustainability, sovereignty, reindustrialization. And it's not just it's not just Europe as well. Like if you're when we're talking to American customers, yes, they don't have the critical materials act, but all of the other challenges", he added.