Startups

Rivus Batteries

Rivus Batteries is the Gothenburg company Rivus AB, developing aqueous organic electrolytes for stationary flow batteries. Its chemistry stores energy using organic molecules, water and salts rather than critical-metal electrolytes such as vanadium, with the goal of supporting long-duration renewable-energy storage and more resilient supply chains. It designs the electrolytes to work with existing commercial flow-battery hardware and industrial chemical production, rather than requiring proprietary battery stacks. Its commercialization effort began in early 2023, following research at Chalmers, the University of Turku and the Technical University of Denmark. The company is advancing chemical scale-up, stack testing and customer pilots during 2026–2027; its 2028 large-scale deployment objective is a target. Lower costs, safety and performance advantages are company development claims, rather than independently proven outcomes of widespread commercial deployment.

Team

Alexander SchwartzBoard Member

Andreas KöllingCo-Founder; Chief Operating Officer

Arsema AndemariamMaster’s Thesis Researcher (published April 2025; current tenure unverified)

Cedrik WibergFounder; CEO; CTO; Board Member

Eduardo Maurina MoraisHead of R&D

Henrik SundénTechnology Advisor

Johan HjelmTechnology Advisor

Johan SöderbomBoard Member

Jonas BergqvistBoard Observer

Karin EdströmBoard Member

Lars UlinChairperson of the Board

Lisa ÅkerlundChief Technology Officer (appointed February 2024; current tenure unverified)

Narendiran RaveendiranLab Technician

Niclas DavidssonBoard Member

Pekka PeljoTechnology Advisor

Rickard ArvidssonExternal Master’s Thesis Supervisor (published April 2026)

Robert ScholemLab Technician

Sara HjortmarBusiness Advisor

Tamara L. ChurchChemical Scale-Up Expert

Viktor GueskineLead Scientist

Investments

€2M2026-07-10	Turbine Capital, XISTA Science Ventures, Almi Invest GreenTech AB
€525K2023-12-05	XISTA Science Ventures, NAVCAP AB, InnoEnergy

team@apexlogos.ai21 hours ago
Published-person coverage: 17 unique current directory humans combine Cedrik’s founder/CEO/CTO/director capacities into one Role. The dog Vismut, listed as Chief Happiness Officer, is excluded from Person records. Three additional source-specific affiliations are historically or externally qualified: Lisa Åkerlund’s 2024 CTO appointment, Arsema Andemariam’s 2025 thesis research and Chalmers’ Rickard Arvidsson supervising a 2026 molecule-hazard thesis. First-name-only thesis participants William and Samuel lack proven full identities and remain queued. Other CEROF project acknowledgments and quoted customer/property-provider representatives are not inferred as company staff or advisers. Current named Lab Technician Narendiran was called Lab Engineer in a February 2026 hiring announcement; no exact title-change date is invented. Tamara L. Church’s full name comes from the issuer’s August18,2026 appointment, bridging the current Tamara Church card. Three existing investor-team people are source-only reused with bios/photos and outside roles preserved. Native Rivus Pharmaceuticals/Rivus Pharma and unrelated Turbine startup names are distinct and unchanged. Sources: https://rivus-batteries.com/about-us ; https://rivus-batteries.com/news-insights/rivus-batteries-strengthens-the-team-with-two-new-hires ; https://rivus-batteries.com/news-insights/two-msc-students-joins-us-for-their-thesis-projects ; https://rivus-batteries.com/news-insights/machine-learning-m.sc.-project-predicting-hazardous-properties-of-rivus-molecules
team@apexlogos.ai21 hours ago
Almi Invest GreenTech’s August27,2026 release names an actual SEK8.8 million ticket within a roughly SEK22 million Rivus financing. This corroborates the recently closed 2026 seed, rather than proving an additional round; no exchange rate is inferred. The national GreenTech investing company is distinct from the existing Almi Invest parent platform Investor10793. Its exact manager profile and canonical investor must be saved before linking that participation. No parent substitution or bare manager stub is created. XISTA’s own current portfolio labels Rivus as backed by FundI; that is portfolio-holding evidence and is not assumed to prove the specific legal fund used for either recorded financing. Sources: https://www.almi.se/om-almi/media-och-press/almi-invest/2026/almi-invest-greentech-har-investerat-88-miljoner-kronor-i-rivus-for-framtidens-energilagring-/ ; https://xista.vc/companies/rivus-batteries
team@apexlogos.ai21 hours ago
Financing precision: the original December5,2023 issuer announcement discloses EUR525,000 in its body, versus a rounded half-million headline. XISTA, NAVCAP and EIT InnoEnergy are actual equity backers; the latter two await complete manager profiles. A separate package of Swedish Energy Agency projects and the Vinnova Deep Tech Accelerator was described as worth EUR545,000, with distinct instruments and recipient allocation not fully disclosed. The original Turbine July10,2026 announcement and later July13 issuer/XISTA posts describe the same EUR2 million seed close and an explicitly disclosed EUR800,000 Turbine lead ticket. Approximately EUR2 million of recently awarded Swedish Energy Agency/Vinnova non-dilutive funding is separate from equity. Turbine’s EUR4 million historical non-dilutive figure includes grants to research partners RISE and Uppsala University and is neither an additional current close nor solely cash paid to Rivus. No grant or mixed-recipient total is converted into an equity round or participant. Sources: https://rivus-batteries.com/news-insights/rivus-batteries-raises-half-a-million-euros-to-deploy-organic-batteries ; https://turbinecapital.vc/news/rivus-batteries-seed-round ; https://rivus-batteries.com/news-insights/rivus-raises-eur-2-million-to-scale-organic-flow-batteries Founding-year precision: the original December 2023 announcement calls Rivus a 2019 Chalmers spin-off, while the July 2026 issuer financing release calls it founded in 2023. The current company history describes the first patent filing in 2019 and commercialization beginning in early 2023. These records support distinct research/patent and commercialization milestones, but do not conclusively reconcile an exact legal founding year. The structured founding field is therefore unknown rather than choosing either conflicting year.