We are the world’s first insurtech business that offers insurance for batteries driven by real-time, AI-powered data analytics.
Insurance and warranties are traditionally based on historical information, analysed to predict future behaviour.
How do you build a warranty or offer insurance when your product uses such advanced technology that it works like none other before, and there is no historical information?
Innovate UK recognised this as a potential barrier to investment in the circular economy and transition to green energy. In 2018 it funded a group of scientists and insurance specialists to come up with an answer.
Altelium was born out of this project. The founders recognised there was a need for battery warranty solutions within the industry and used the Innovate UK project to fast track a solution.
UK Research and Innovation
Our award-winning technology and expertise has been recognised with a substantial grant from Innovate UK. The UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) supports both Innovate UK and the National Measurement Institute standards from the National Physical Laboratory (NPL).
